About the team / division
Hiscox underwrites a significant amount of natural catastrophe risk across the globe. Hiscox covers losses arising from perils such as hurricanes, windstorms, floods and earthquakes. Natural catastrophe simulation models are used for pricing and managing risk. The Hiscox View of Risk (HVOR) is derived from a number of adjusted and mathematically blended models. The HVOR underpins our approach to pricing and managing portfolios of risks.
The over-arching goal of the Hiscox catastrophe research team is to improve the HVOR. The catastrophe research team consists of the group head of catastrophe research, several full-time researchers , as well members of the team of catastrophe modelling analysts across the group (10+) who are involved in various research projects throughout the business cycle. The team also has extensive collaborations with analytics teams in re/insurance brokers, catastrophe model vendors, and insurtech companies.
There is a long list of important projects related to improving the HVOR which promises to materially impact the business.
To accelerate progress, one research contract position is now open. The researcher will be supervised by the group head of catastrophe research, alongside other senior members of the team.
On offer is the chance to make a meaningful impact on the business, whilst tackling important and interesting problems. The role will give candidates the opportunity to improve their technical and soft skills while at the same time learning about the business.
The role involves tackling clearly defined research and development projects to improve the HVOR. Projects involving model evaluation, model development, data analysis and machine learning are available. All projects will be related to natural catastrophe risks such as flood, hurricane and/or earthquakes. The candidate will have the opportunity to interact and work with a variety of computing technologies and frameworks. It is expected that this role will involve tackling several projects related to climate change.
What will you be doing in the role?
Day-to-day work is focused on research projects under the guidance of the catastrophe research team. Specific duties include, but are not limited to:
Those duties require close interaction with the catastrophe model analysts across the group. Working in a collaborative manner, with frequent communication and discussion of results, are thus core parts of the role.