Catastrophe Risks Modeling:European Windstorms - (F/H) - Stage

Job description

The Department :
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 intern will join the Catastrophe Risk and Reinsurance team of AXA GRM, a dynamic 15-members team dedicated to the modeling and monitoring of risks associated with natural catastrophes for all of AXA's entities in the context of the Solvency II framework.

Role and Responsibilities :

The Castrophe Risk and Reinsurance team develops Internal Catastrophe Models in order to assess the potential impacts of extreme natural events for the Group (more than 100 million customers protected worldwide).

The team is looking to update its modeling for European Windstorms, the leading peril in Europe (see Swiss Re - "Natural catastrophes and man-made disasters in 2017: A year of record-breaking losses." Sigma Report 1, 2018).

In that context, the candidate would be responsible:

·
To conduct bibliographical research on Catastrophe Risks Modeling and European Windstorms Modeling

·
To perform a critical assessment of the data and methodology used in the current model and propose an improvement plan

·
To participate in the implementation and documentation of the new version of the model

Desired profile

Qualifications :

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 an analytical mindset, strong programming skills (Python, R, …), as well as good communication skills.