Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter

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Recruiting Organization: M4A FOUNDATION - CROWDDOING

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter to provide accurate and data based information on company’s profitability, solvency, stability and liquidity. You will research and analyze financial information to help company make well informed decisions, write reports and monitor financial movements.Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Financial Analyst

See more detailed background on CrowdDoing's forest fire prevention derivatives

https://drive.google.com/file/d/1dBp_HUr-tCCNaeGoSDfPrirRPbaoV3X4/view?usp=sharing

Forest Fire Risk Prevention Derivatives in Northern California

Bobby Fishkin, lead author

In 2018, Sacramento was named the "the Most Polluted City on Earth" due to "smoke from Camp Fire," This proposal aims to prevent that from happening again through adopting a systemic approach and collaborating with stakeholders to actively prevent future such events. The insurance industry, along with institutional chief risk officers, have begun to recognize the importance of moving from "loss compensation to loss prevention."

CrowdDoing and Project Heather propose launching a prevention derivative with two new stakeholders: (a) contingent payers who pay in proportion to the reduction in risk, and (b) impact investors who finance social innovations in which their return is similarly proportional to the reduction in risk. It will build on existing precedents for contingent contracts involving social- innovation-based risk prevention.

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter

A spectrum of forest fire risk prevention approaches are available: from creative new social innovations to well-established interventions.The forest fire risk prevention derivative would first survey existing forest fire prevention interventions in Greater Sacramento with an eye towards which ones might be suitable to support and expand. It would then review global social innovations that might be relevant to Northern California to determine which to replicate. Entities involved in risk management and risk securitisation, from insurers to reinsurers to retrocessionaires, ought to welcome the chance to share liability proportionally through a commons of prevention innovations. The prevention derivative can expand as more institutions and individuals join as contingent payers and impact investors in order prevent a larger portion of collective risk. Payments by private and public institutions to support prevention derivatives can be in-kind, through services, and/or financial.

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Senior Designer

Reviewing insurance applications for compliance and adherence

Assessing clients’ background information and financial status

Liaising with specialists to gather information and opinions

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter brief & responsibilities

Review stakeholders in prevention derivative insurance applications for compliance and adherence

Assess stakeholder in prevention derivative’ background information and financial status

Liaise with specialists to gather information and opinions

Weight loss exposures and determine underwriting alternatives

Draw up a quotes for competitive insurance premiums

Negotiate and define the specific terms of insurance policies with brokers or policyholders

Keep detailed records of policies underwritten and decisions made

Balance between mass and homogeneity of risks to achieve predictability of future results

Develop and maintain a profitable book of business for the insurer

Follow applicable insurance laws

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter Requirements

Proven insurance underwriting experience

Hands-on experience with "smart systems", analytical tools and statistical packages (spreadsheets,SPSS, databases etc)

Sensible judgement and attention to detail

Confident decision making skills

Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures

Proven numeracy and statistical skills

Insurance diploma or certification

BS in Business Administration, Finance or related field

If you have any questions about processes for joining CrowdDoing.world as a volunteer to support our efforts in systemic change please write to volunteerorientation@crowddoing.world

Stipend ProvidedFalse

Training ProvidedFalse

Housing AvailableFalse

Language/Cultral Support AvailableFalse

Wheelchair AccessibleFalse

Fee RequiredFalse

Fee Amount: None

This opportunity is recurring