Europe Hail Modelling - (F/H) - Internship

Location 75-PARIS, France
Experience level Internships
Job details sector Risk Management
Apply before Date not available
Environment:
 

The AXA Group

 

The AXA Group, a worldwide leader in Financial Protection, supports and advises its customers, individuals and businesses at every stage of their lives by meeting their needs for products and insurance, pension, savings and wealth transmission.

 

The headquarters of AXA Group, based in Paris 8th, brings together the Group's corporate activities. It coordinates the various entities with the Group's strategy, and is responsible for managing international projects. The peculiarity of the seat lies particularly in the presence of a strong international culture (37 nationalities).

Aware of the challenges, AXA is a responsible and innovative Group that is constantly redefining standards to better serve its customers and employees.

 

The Departments

 

The internship will be based at the AXA Group Risk Management (GRM) department.

 

AXA GRM brings together multidisciplinary high-level teams composed of actuaries, engineers, PhDs and financial analysts, based in Paris (65 people), Zurich (15 people) and Madrid (20 people).

The Natural Hazards Team of AXA GRM is looking for an intern for 6 months. The intern will join a dynamic 12-members team dedicated to the modeling and monitoring of the CAT risks borne by the company.

 

Role and Responsibilities :

 

Usually occurring in summer, hail is a phenomenon linked to thunderstorms and has a major impact on European entities of the Group. The objective of the internship is twofold:

  1. Better understand this phenomenon and investigate weather conditions that are prone to the development of hailstorms – severe thunderstorms.
  2. develop a model able to take into account the vulnerability of a portfolio to derive a loss for the European portfolios of AXA.
The steps that are envisaged are:
  1. Review the literature on the subject and get familiar with the data that will be used for the project
  2. Analyze historical hail events and the surrounding weather conditions
  3. Define and implement a methodology that generates stochastic hail events
 
According to the advancement of the project, it will be also possible to work on claims data in order to derive vulnerability curves, and use it to compute losses for European portfolios.
 
Beyond the possibility to get to know how NatCat risk is assessed and modelled within a leading insurance company, the intern will have the opportunity to be immersed within R&D activities and to work within an environment of technical excellence.

Profile Requirements :
 
Suitable candidates would have a master’s degree in geosciences, computer science, mathematics or equivalent (engineering schools…) with interest for academic research. Candidates should have strong analytical mindset, strong programming skills (Python, R), as well as good communication skills to be able to work as part of a team

Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.

In a fast-evolving world and with a presence in 64 countries, our 165,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 107 million customers.

 


The headquarters of the AXA Group, based in Paris 8th, brings together the Group's corporate activities. It coordinates the various entities with the Group's strategy, and is responsible for managing international projects. The headquarters has approximately 800 employees and is distinguished by its strong international culture (39 nationalities).

.