Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Insurance Underwriter to provide accurate and data based information on companys 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