About the role
Insurance risk engineers analyze and assess risks to help insurance companies determine premium levels and conditions. They often have a background in engineering science, mathematics, or another technical discipline, complemented by specialization in insurance or risk management. Their expertise is crucial for insurance companies to balance risk and potential for profit.Responsibilities
Insurance risk engineers evaluate technical and statistical data to predict the likelihood and consequences of potential events. They often visit companies or projects to perform risk assessments and recommend measures to reduce risks. They also collaborate with underwriters and actuaries to develop insurance products and strategies.Skills and tools
Insurance risk engineers must have strong analytical skills and the ability to interpret complex data. They use statistical programs and risk assessment tools to conduct their analyses. Good communication skills are also important in order to convey technical risks and recommendations to non-technical stakeholders.