NAT CAT Data Engineer/Analyst (Intern) - September 2024 - (Job Number: 240001UJ)

Context AXA Group Risk Management Property & Casualty (GRM P&C) deals with the most sophisticated P&C technical and actuarial challenges of a leading international insurance company, among which the management of natural catastrophe risks (CAT). Natural variability of climate and seismic activity have demonstrated their devastating potential, climate change bringing additional uncertainty for the future. AXA’s rapid expansion over the last years – both in terms of geographical footprint and P&C insurance offer – widely exposes AXA to natural perils, being in charge of the financial protection of its clients. In this context, AXA must maintain state-of-the-art CAT risk management techniques through permanent innovations. Group Risk Management AXA GRM brings together high level and multidisciplinary staff with engineers, PhDs, actuaries, data scientists and financials split between Paris, Hong Kong, Zürich and Madrid. Its main missions are focused on the following key areas: Develop and maintain models and tools in an efficient and strong IT ecosystem to industrialize deliverables. Analyze, model and aggregate the P&C Group’s risks (economic capital). Define and implement the process enabling to secure the undertaken risks (risk appetite, assets accumulation, reserve, premium, natural catastrophe and man-made risks). Optimize the Group protections (reinsurance, securitization, hedging, etc.) to meet the desired strategy. Job Background This position belongs to the Group P&C Risk Management Natural Catastrophe and Reinsurance team (21 FTE) which is organized into several excellence centers: NAT CAT R&D Modeling, Data Analytics, Accumulation Management and Reinsurance. As part of AXA’s Internal Model under the Solvency II framework, the NAT CAT and Reinsurance team are primarily in charge of delivering the annual NAT CAT modeling process, consisting of: Collecting Property exposure data (geographical, physical and financial information) on a per-entity and per-location basis (houses, factories, vehicles, etc.). Assessing the risk on a per-entity per-peril basis (cyclones, earthquakes, floods, hailstorms) which feeds the whole downstream chain locally (underwriting, pricing, strategic planning, reinsurance decisions, economic capital modeling). Estimating the efficiency of the Group Property Reinsurance covers. Developing in-house internal NAT CAT models, methodologies and applications to support the NAT CAT risk monitoring. The NAT CAT modeling process has strong strategic and operational impacts since it feeds AXA Economic Capital internal model, the Economic Combined Ratio and NAT CAT budget and strategic plan calculations which drive the earnings and the solvency position of AXA Group. It also determines adequate levels of reinsurance needs, which may boost or hinder profitability. It is also a technical challenge with the data collection of 25+ million complex and worldwide policies covering 50+ million risks, the parallel use of multiple modeling solutions including both physics and machine learning techniques, and finally the assessment of 190 country x peril levels of risk. Mission The NAT CAT DATA & Analytics team widely interacts with the R&D Modelling team (in charge of developing internal CAT models), Reinsurance teams (in charge of ceded reinsurance modeling), Underwriting team (in charge of developing actuarial frameworks for technical pricing) and benefits from the IT expertise of two additional FTEs. The Internal Data Engineer/Analyst will have to develop and integrate innovative data products to enhance the NAT CAT risk assessment, be proactive and innovative in the continuous development of new functionalities. The intern will actively contribute to this effort by: Developing innovative tools and techniques for collecting, processing, cleaning and modeling data: Group Property Exposure database: cleaning, integrating, and implementing missing information from entities. Global Exposure Database: Contribute to a global exposure database build (searching, collecting). Collecting claims related to Nat Cat risk across major P&C entities. Exploiting data science techniques to analyze meteorological data. Producing technical documentation. Developing and improving our internal reports (Power BI) to assess the risks associated with NAT CAT risks and climate change. Implementing data analytics best practices to assess the data accuracy and reliability. Supporting the P&C risk assessment related to NAT CAT risks (Live Event Analysis). Education Engineering or master’s degree in relevant field (engineering, natural hazards, actuarial science, applied maths). Technical & Professional Skills Robust data and programming skills in collection, transformation and mining (R/Python, SQL, Power BI). Strong problem-solving skills and keen attention to detail. Fluent in French and Business English (spoken and written). Experience with writing documentation, version control (e.g., Git) is a plus. Interpersonal Skills Analytical skills / Ability to evolve in a diverse technical and operational environment. Strong communication skills. Autonomous and with a strong sense of team spirit. Organized and rigorous. Motivated by an international and dynamic environment. Curiosity to learn about the insurance industry and actuarial science. Why AXA? Every day, we work together for human progress by protecting what matters. A mission that puts a smile on your face and makes you want to get up in the morning! One of the world's leading insurers in the protection of property, people and assets, AXA is composed of 145,000 employees and contributors who are committed to our customers on a daily basis, across 51 countries, serving more than 90 million customers who place their trust in us worldwide. As a responsible corporate citizen, AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you? Then come and change the world with us! The headquarters of the AXA Group is based in Paris - La Défense (Majunga Tower) and brings together the Group's corporate activities. It is distinguished by its strong international culture. You will join: A responsible company, towards people, including its employees and customers, and towards the planet. A company with strong values. A company promoting internal mobility and the training of its employees. A company offering many benefits (learn more here: Reward & Benefits | AXA Group). A flexible company, allowing hybrid work, in the office and from home. The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only. #J-18808-Ljbffr