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Director, Named Peril Products (L.A., NYC, London)Title: Director, Named Peril Products
Location: London, NYC or Los Angeles
Team: Strategic Initiatives
Reports to: VP, Strategic Initiatives
Do you want to tackle the liability protection gap in a fascinating growth market with a real societal impact? Then this is the role for you!
The Praedicat Strategic Initiatives team is newly created, responding to the increasing demand for new product innovation in a market primed for growth. This role will work with various clients – reinsurers, insurers, legacy carriers, captives, investment funds, corporates, brokers and MGAs – to facilitate the creation of a robust market, unlocked by Praedicat’s cutting edge risk models and insights, reducing asymmetry of information across the value chain.
There is no “typical” project, as our market is evolving fast. You’ll work with clients to transform risk management, risk reduction and risk transfer.
Praedicat is a funded InsurTech startup headquartered in Los Angeles that is delivering innovative new “foresight modeling” to commercial clients built on cutting-edge big data analytics and technologies. We are looking to hire a Director, Named Peril Products, who will report to the Vice President, Strategic Initiatives. To be successful, you will be expected to develop a thorough understanding of Praedicat’s clients, proprietary analytics and products in order to determine how to help the industry receive maximum value from Praedicat’s analytics. You will also be expected to listen to prospects and clients and think creatively about how Praedicat’s analytics can solve their problems through new product innovation.
To apply, send your cover letter and resume as one .pdf via ZipRecruiter.
Incentive Compensation and Benefits
Praedicat believes in a work-life balance that is supported by a competitive compensation and benefits package. All full-time permanent employees are eligible for benefits such as:
Praedicat is a latency risk data and modeling company and a spin-off of the nonprofit RAND Corporation and catastrophe modeling firm Risk Management Solutions, Inc. (RMS). The risk principle at the foundation of Praedicat is that “The science is the risk.” When commercial products or business practices cause latent bodily injury in the population, for the loss to be compensable in court, the injured parties must submit published science supporting the claim to the court. Scientific literatures that eventually become evidence in court develop one paper at a time over multiple years. As an emerging risk tool, Praedicat’s text mining technologies identify the science when the earliest papers are published. As the literature evolves, Praedicat identifies exposure settings and evaluates the state of the science. When the literatures are mature, Praedicat compares the state of the literature to the characteristics of scientific literatures in admitted litigation. With clearly specified harms and exposed populations identified from peer-reviewed journals, Praedicat is able to estimate severity of the risk and size of the claimant population. Finally, Praedicat has developed a probabilistic model that uses empirical predictions of the future state of the science to create a science-based prospective litigation event set. Praedicat’s multidisciplinary team includes bioscientists, economists, actuaries, statistical modelers, data scientists and software engineers. Praedicat’s models have been back-tested, and validated by an external actuarial firm. The data and models are used for underwriting, risk management, and the development of new insurance products by multiple global insurers and reinsurers. Global industrial companies also use the data and models for best in class product stewardship and risk management.
Praedicat is an Equal Opportunity Employer. Employment with Praedicat is determined on the basis of merit, competence and qualifications and will not be influenced in any manner by race, color, religion, gender, national origin/ethnicity, veteran status, disability status, age, sexual orientation, marital status, mental or physical disability or any other legally protected status.