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Nat Cat Accumulation Intern

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SCOR

Jan 18

Applications are closed

  • Internship
    Full-time
    Summer Internship
  • Data
    Research & Development
  • London

Requirements

  • Proficiency with MS Office.
  • Good conceptual and analytical capabilities and the ability to approach tasks consistently, goal-oriented and independently.
  • Excellent communication skills and command in English (fluency in either French or German is a plus).
  • Team player attitude and appetite for continuous learning and achievements in an international context.
  • Strong educational track record, or equivalence.
  • Excel, SQL, Tableau, PowerBI Python or other programming language skills an advantage.

Responsibilities

  • Supporting the natural catastrophe R&D review, validation, documentation and future streamline of data analytics
  • Support the global cat model evaluation of new vendor models / model updates.
  • Undertake mini research projects to address areas of vendor model uncertainty and limitations and help deepen our understanding of natural perils modelled. Provide quick effective solutions to models and data issues.
  • Support studies on the impact of climate change on SCOR's view of risk.
  • Assist with the global natural and non-natural event response analysis and reporting.
  • Supporting the analysis and reporting of global natural and non-natural catastrophic events, to support clients, internal analytics and reporting
  • Enhancing and supporting the work performed by global property, casualty teams and global experts, with priorities set and managed by Tom Gannon to provide flexibility to achieve business deadlines and objectives. This will primarily involve enhancing, optimising and embedding processes for global accumulation analytics (natural and non-natural).
  • Support many other aspects of the team’s responsibilities and processes ranging from supporting the Global accumulations of risks in order to monitor against limits / capacities as well as steer and optimise the portfolio. Includes the supporting development / industrialisation of processes / tools to support these tasks.

FAQs

What is the primary role of the Nat Cat Accumulation Intern?

The primary role of the Nat Cat Accumulation Intern is to support the established Nat Cat and Global Accumulation team in SCOR’s global natural and non-natural catastrophe accumulation, research and development, and tool development across insurance and reinsurance business.

What specific tasks will the intern be responsible for?

The intern will support natural catastrophe R&D, evaluation of global cat models, undertake mini research projects, assist with event response analysis and reporting, and enhance processes for global accumulation analytics, among other responsibilities.

What skills are required for this internship?

The required skills include proficiency with MS Office, good conceptual and analytical capabilities, excellent communication skills in English (with fluency in French or German as a plus), and a team player attitude.

Are there any desirable skills for the Nat Cat Accumulation Intern?

Yes, desirable skills include knowledge of Excel, SQL, Tableau, PowerBI, Python, or other programming languages.

What educational background is needed for this internship?

A strong educational track record or equivalent is required for the Nat Cat Accumulation Intern position.

Is there an opportunity for professional development in this role?

Yes, the intern will engage with industry experts and have the opportunity for continuous learning and achievements in an international context.

How does SCOR support its clients and society?

SCOR offers a diversified and innovative range of reinsurance and insurance solutions to help control and manage risk, contributing to the welfare and resilience of society across approximately 160 countries.

What is the work culture like at SCOR?

SCOR's work culture is defined by "The SCOR Way," which is anchored by five core values: caring for clients and society, performing with integrity, acting with courage, encouraging open minds, and thriving through collaboration.

Will the intern work independently or as part of a team?

The intern will work as part of a team, enhancing and supporting the work performed by global property and casualty teams and collaborating with various experts.

How often will the intern be expected to report on their findings?

The intern will assist with global natural and non-natural event response analysis and reporting, which suggests that regular reporting on findings will be part of their responsibilities.

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SCOR

Combining the Art and Science of Risk to protect societies

Finance
Industry
1001-5000
Employees
1970
Founded Year

Mission & Purpose

SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C. The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable. The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe. One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft. Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.

Culture & Values

  • Innovation

    Technological innovation is a driver of change. SCOR’s continuing investment in understanding and modeling risk helps to push back the frontiers of insurability, from the customer experience to product development.

  • Excellence

    Excellence is SCOR’s language, spoken in our offices and with clients across the world. It inspires trust and fosters a culture that embraces problem-solving and innovative thinking.

  • Teamwork

    Teamwork, collaboration and knowledge-sharing are at the foundation of SCOR’s recognized client service, enabling us to deliver tailored risk solutions in more than 160 countries.

  • Diversity

    The Group pays close attention to creating and maintaining the conditions necessary for a collaborative working environment among diverse nationalities, age groups and cultures. SCOR’s employees represent 65 nationalities and are as diverse as they are talented.

  • Sustainability

    Protecting the environment and contributing to the resilience of society are integral parts of SCOR’s identity and culture. In an increasingly risk-filled and uncertain world, the reinsurance industry has a leading role to play in underpinning sustainable and responsible development.

  • Integrity

    SCOR acts with honesty, integrity and transparency in all matters to ensure that we are accountable for our actions. We strive to meet the highest standards in all that we do, building trust among our clients, employees, shareholders, and regulators.

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