For the Central Team of Generali Global Corporate & Commercial (GC&C;), we are looking for a Senior ART & Parametrics Underwriter to join our Alternative Risk Transfer and Parametrics team. The person will report directly to the Global Head of GC&C; ART & Parametrics.

In this role, the person will act as a Senior ART & Parametrics Underwriter, leading the analysis, validation, and structuring of ART & Parametrics solutions globally. The focus will be on translating complex climate and natural hazard risks into robust, data-driven parametric structures, ensuring technical excellence, pricing adequacy, and portfolio scalability.

The person will play a key role in advancing GC&C;’s ART & Parametrics business, combining deep analytical expertise, modelling capabilities, and commercial acumen to deliver innovative solutions for corporate and public sector clients.

Main responsibilities:

Cat Modelling & Parametric Underwriting

- Lead advanced catastrophe modelling analysis (e.g. Earthquake, windstorm, flood, wildfire) to support parametric underwriting decisions
- Validate, challenge, and enhance hazard data, event sets, and pricing models, ensuring robustness and consistency
- Translate model outputs into effective parametric trigger structures (index selection, thresholds, payout curves)
- Assess basis risk, exposure aggregation, and model limitations to ensure sound underwriting decisions
- Drive continuous improvement in modelling approaches, data sources, and analytical frameworks

Parametric Solution Structuring

- Design and structure bespoke parametric solutions tailored to client exposures and resilience objectives
- Ensure strong alignment between risk analysis, pricing, and product design
- Integrate parametric solutions within broader ART and capital solutions structures where relevant
- Maintain underwriting discipline, ensuring profitability and adherence to Generali risk appetite

Client & Broker Engagement

- Support origination and business development by positioning parametric solutions in strategic dialogues
- Lead technical discussions, workshops, and presentations with clients and partners

Product Development & Innovation

- Contribute to the development of new parametric products, perils, and geographies
- Drive innovation in data usage, modelling techniques, and trigger design
- Collaborate closely with data scientists, actuaries, and IT on analytics, automation,



and platform development
- Support the positioning of ART & Parametrics insurance within GC&C;

ART & Capital Solutions

- Collaborate on solutions combining parametric triggers and alternative capital
- Monitor ILS market developments to enhance structuring capabilities

Project Leadership & Execution

- Lead complex projects from analysis and structuring to execution
- Coordinate cross-functional stakeholders (underwriting, actuarial, legal, claims, IT)
- Mentor junior team members and contribute to team capability building
- Drive continuous improvement in underwriting tools and processes

Requirements

Qualifications & Experience:

- Degree in a quantitative discipline (e.g. statistics, data science, engineering, physics, environmental science)
- 7 –10 years of experience in catastrophe modelling and nat cat risk analytics
- Ability to translate technical outputs into commercial solutions
- Experience working in international and cross-functional environments
- Fluency in English; additional languages are a plus (e.g. Italian)
- Availability to travel internationally

Technical Expertise:

- Solid expertise in catastrophe modelling required
- Hazard modelling
- Event set analysis and loss modelling
- Exposure and accumulation analysis
- Experience with cat modelling tools and/or custom modelling frameworks
- Quantitative skills (statistics, data analysis, risk modelling)
- Programming skills (e.g. Python, R)

Business & Leadership Skills:

- Good communication skills, with ability to engage at senior client level
- Experience in project leadership in international and cross-functional environments
- High ownership, initiative, and ability to operate in a fast-paced, innovative environment

What we offer:

The position will be offered at Job Level 7, under the terms of the ANIA National Collective Labor Agreement (CCNL ANIA) for non-executive employees and the Generali Group Company Collective Agreement.





The starting gross annual salary will range between €65,000 and €75,000. The final compensation package will be determined in line with the candidate’s professional experience and the technical and soft skills relevant to the role, and may also include an individual variable compensation component.

We also offer:

- Lavoro da remoto and flexible working hours
- Corporate welfare program
- Meal vouchers
- Supplemental health coverage and insurance products at preferential rates
- Wellbeing initiatives
- Structured continuous learning, technical and managerial development programs
- Professional development opportunities within the Group
- Access to learning platforms and internal mobility opportunities, including international assignments.

Company Profile

Generali is a major player in the global insurance industry – a strategic and highly important sector for the growth, development and welfare of modern societies. Our purpose is “Empowering Lives and Dreams.” At Generali, being a Lifetime Partner is what we strive to be every day: standing by people at the moments that matter most in their lives and supporting them in shaping a more secure future. It is not just what we do—it is who we are.

That is why, for us, it is More than a Job. Over almost 200 years, we have built a multinational group that is present in more than 50 countries, with 470 companies and nearly 82,000 employees. Our group aims to become the standard bearer and industry leader in the European retail insurance market, building on our existing base of 50 million retail clients, out of an overall total of 72 million.

Global Corporate & Commercial is the Generali Group unit developing P&C; business and insurance services for medium and large companies. The unit acts on a global scale and deploys an integrated approach at Group level with a central management team and specialized teams active in individual countries. Through GC&C;, Generali aims to become a key world player in the corporate-commercial segment.

Generali is proud to be an inclusive employer that considers applicants regardless of gender, gender identity, sexual orientation, ethnicity, disability, religion, political views, marital status or philosophy of life. If you have a disability or special need that requires accommodation or assistance, we will support you during the selection process.

📌 Senior ART & Parametrics Underwriter (Milano)
🏢 Generali
📍 Milano