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US Salary Surveys for Catastrophe Risk Modelers and Insurance Predictive Modelers, Preliminary Findings
Ezra Penland has undergone an exhaustive study of US catastrophe risk modeling compensation (salary + paid bonus) and US insurance data predictive modeling compensation.
Based on this study, our best estimate of estimated compensation is as follows:
For Catastrophe Risk Modelers with 2+ years of experience (in $000):
$10.1 times (first 10 yrs of experience) + $12.1 times (exp over 10 yrs) + $38.6 times (Bachelor’s=1) + $28.5 times (Master’s=1 or 0) + $49.0 times (Ph.D=1 or 0)
For Insurance Data Predictive Modelers with 2+ years of experience (in $000):
$2.6 times (first 10 yrs of experience) + $5.7 times (exp over 10 yrs) + $62.6 times (Bachelor’s=1) + $17.4 times (Master’s=1 or 0) + $28.8 times (Ph.D=1 or 0)
©2014 Ezra Penland Actuarial Recruitment
(Questions? claude@EzraPenland.com)