fbpx Catastrophe Modeling Salary & Jobs

Catastrophe Modeling Salary & Jobs

Catastrophe Risk Modeling Salary Survey

Since DW Simpson places cat modelers worldwide, we welcome the opportunity to discuss other countries as well, where compensation may not be as conveniently modeled.  However, please note that, in practice, compensation decisions can be far more complex than may be summarized in one rudimentary formula or graph.

We have observed that when modelers are on an actuarial track and are sitting for actuarial exams or have sat for exams, our DW Simpson Actuarial Salary Surveys, the industry standard, are most appropriate for estimating these modelers’ compensation.

When modelers are NOT on an actuarial track, we have found, on average, that their annual base salary plus paid bonus in a given year is equal to the following equation:

Average Yearly Compensation = $75,584 +   [$7,297 multiplied by years of experience] + [$8,000 multiplied by degree]

  • If a modeler holds a PhD (regardless of how many), degree = 2.
  • If a modeler holds a Master’s (regardless of how many), degree= 1.
  • If a modeler holds a Bachelor’s (regardless of how many), degree = 0.

2015-Catastrophe-Modeling-Salary-Survey

DW Simpson is always interested in discussing the current catastrophe risk modeling market with modelers, developers, managers and clients. Please contact us if you would like more information about this field or our salary survey.

Catastrophe Modeling Jobs

Spotlighting Trends-Predictive Modeling, Economic Capital Modeling & Catastrophe Modeling


Spotlighting Trends-Predictive Modeling, Economic Capital Modeling & Catastrophe Modeling

October 28, 2011   

As we navigate the effects of the global financial crisis, it’s important for Actuaries to take stock of their analytic capabilities. The application of various modes of modeling is paramount in understanding how the Actuarial profession can continue to contribute and thrive. […]

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International Actuary News

DW Simpson Global Actuarial & Analytics Recruitment Names Dave Benton Chief Human Resources Officer

DW Simpson Global Actuarial & Analytics Recruitment Names Dave Benton Chief Human Resources Officer


March 31, 2017   

Chicago, IL – March 31, 2017 – DW Simpson Global Actuarial and Analytics Recruitment has promoted Partner Dave Benton to Chief Human Resources Officer. As DW Simpson’s CHRO, Benton will oversee all aspects of the company’s human resources management including performance management, […]

Social Media in the Professional World

Social Media in the Professional World


January 19, 2017   

Originally published on Jan 1, 2014. [ ] Denotes current updates to the piece by the author The overarching theme of this quarter’s newsletter is making the most of your professional interactions, be they in-person or online. As someone who spends most [...]
Body Language Tips for Your Next Job Interview

Body Language Tips for Your Next Job Interview


June 9, 2016   

Are your arms folded across your chest? Do you prefer taking up space at the table? Are you making yourself smaller in your chair? Do you have your legs crossed?

The way you sit, gesture, and physically interact with your surroundings during a meeting or interview portrays a powerful image to those you are with.

Q&A: Entry Level Actuarial Market


April 5, 2016   

Perspectives from a senior-level Actuary and an in-house actuarial recruiter. By Adam Noreen & Alyssa Duffy Today’s entry level actuarial market is quite healthy and competitive. With the growing popularity of the profession, it is becoming more challenging to land that first […]

Oh, the Humanity! Actuarial Employment Outlook for the Next Decade

Oh, the Humanity! Actuarial Employment Outlook for the Next Decade


April 20, 2015   

By KC Cho, Partner Tolstoy said: “The sole meaning of life is to serve humanity.” But if he was to be a college counselor today, he probably wouldn’t suggest a Humanities major. Math and sciences are where the money’s at today. Starting salaries for […]

Cyber Risk & Data Security in Today’s Global Market

Cyber Risk & Data Security in Today’s Global Market


October 13, 2014   

By Tom Troceen, Chief Technology Officer, DW Simpson In the wake of several very public data breaches, concerns about cyber risk and the cost associated with it continue to rise. As industries familiarize themselves with cyber security insurance, the main questions companies […]