Catastrophe Modeller

Aon is currently recruiting a Junior Catastrophe Modeller to join our Japan Analytics team in London. The team sits within Aon Reinsurance Solutions and provides Clients with advice on their exposures to natural disasters such as typhoons, earthquakes, and floods. The analytics team is responsible for the designing, assessment, valuation, and management of reinsurance programs. Comprised of actuaries, catastrophe modellers, engineers, financial analysts and GIS guides, our catastrophe modelling team is continuously looking for ways to evolve our Clients’ understanding and view of catastrophe risk. Large part of the responsibility will involve interacting with Analytics, Brokers, Clients and Global reinsurance markets throughout both the Japan market and the Asia-Pacific region. Using both traditional catastrophe models (RMS/Verisk) and Aon’s in-house modelling platform ELEMENTs, we use the power of modelling solutions to quantify the financial impact of natural and human-made catastrophes on our clients’ portfolios. This also includes developing tailored solutions for our Clients to best represent their portfolios and loss experience.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

Analytics support (client reports, meetings and presentations)

• Working with brokers and actuaries to understand exposures, review modelling results, explain modelling limitations and resolve issues promptly

• Provide technical solutions in a digestible manner to both internal and external stakeholders at client / reinsurer meetings, presentations and within reports. Catastrophe Modelling

• Running client portfolios through natural catastrophe models to quantify the likelihood and severity of natural catastrophes for Client renewals.

• Undertaking sensitivity testing to help Clients understand impact of data quality, data and modelling assumptions and any planned portfolio change.

• Collaborating with academic and industry partners to validate and create innovative solutions for the (re)insurance market.

• Knowledge sharing of market and model experience with the wider team.

• Liaising and collaborating with other teams and offices worldwide.

• Working closely with the model evaluation team to revise and challenge existing catastrophe models to deliver client views of risk that is more relevant to their business

  Skills and experience that will lead to success

• Understanding of the science of natural catastrophes and ability to validate and interpret the modelled loss estimates.

• Good analytical, interpersonal, communication and organizational skills

• Strong work ethics

• General insurance and/or reinsurance knowledge beneficial

• Ability to communicate complex ideas and concepts.

• Ability to be flexible in working to meet deadlines.

• Ability to approach problem-solving in a practical and innovative manner.

• Ability to maintain compliance with professional standards, where applicable, as well as company-wide quality initiatives

• Strong project management, with capability to work in a team, independently, working under pressure, multi-task and ability to prioritise work effectively. Qualifications

• BA/BSc or higher qualification ideally in, finance, statistics, geography, science or equivalent

• Strong computer skills in MS Office suites (Excel, Word, Access and PowerPoint)

  Experience in the following an advantage:

• Catastrophe modelling experience with vendor models (RMS, Verisk, CoreLogic) o Programming in SQL, R or Python o Experience with GIS.

  How we support our colleagues

  In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

  Our continuous learning culture encourages and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

  We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on ReasonableAdjustments@Aon.com

  Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

  #li-in1

  2542012 Catastrophe Modeller

  Aon is currently recruiting a Junior Catastrophe Modeller to join our Japan Analytics team in London. The team sits within Aon Reinsurance Solutions and provides Clients with advice on their exposures to natural disasters such as typhoons, earthquakes, and floods. The analytics team is responsible for the designing, assessment, valuation, and management of reinsurance programs. Comprised of actuaries, catastrophe modellers, engineers, financial analysts and GIS guides, our catastrophe modelling team is continuously looking for ways to evolve our Clients’ understanding and view of catastrophe risk. Large part of the responsibility will involve interacting with Analytics, Brokers, Clients and Global reinsurance markets throughout both the Japan market and the Asia-Pacific region. Using both traditional catastrophe models (RMS/Verisk) and Aon’s in-house modelling platform ELEMENTs, we use the power of modelling solutions to quantify the financial impact of natural and human-made catastrophes on our clients’ portfolios. This also includes developing tailored solutions for our Clients to best represent their portfolios and loss experience.

  Aon is in the business of better decisions

  At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

  As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

  What the day will look like

  Analytics support (client reports, meetings and presentations)

• Working with brokers and actuaries to understand exposures, review modelling results, explain modelling limitations and resolve issues promptly

• Provide technical solutions in a digestible manner to both internal and external stakeholders at client / reinsurer meetings, presentations and within reports. Catastrophe Modelling

• Running client portfolios through natural catastrophe models to quantify the likelihood and severity of natural catastrophes for Client renewals.

• Undertaking sensitivity testing to help Clients understand impact of data quality, data and modelling assumptions and any planned portfolio change.

• Collaborating with academic and industry partners to validate and create innovative solutions for the (re)insurance market.

• Knowledge sharing of market and model experience with the wider team.

• Liaising and collaborating with other teams and offices worldwide.

• Working closely with the model evaluation team to revise and challenge existing catastrophe models to deliver client views of risk that is more relevant to their business

  Skills and experience that will lead to success

• Understanding of the science of natural catastrophes and ability to validate and interpret the modelled loss estimates.

• Good analytical, interpersonal, communication and organizational skills

• Strong work ethics

• General insurance and/or reinsurance knowledge beneficial

• Ability to communicate complex ideas and concepts.

• Ability to be flexible in working to meet deadlines.

• Ability to approach problem-solving in a practical and innovative manner.

• Ability to maintain compliance with professional standards, where applicable, as well as company-wide quality initiatives

• Strong project management, with capability to work in a team, independently, working under pressure, multi-task and ability to prioritise work effectively. Qualifications

• BA/BSc or higher qualification ideally in, finance, statistics, geography, science or equivalent

• Strong computer skills in MS Office suites (Excel, Word, Access and PowerPoint)

  Experience in the following an advantage:

• Catastrophe modelling experience with vendor models (RMS, Verisk, CoreLogic) o Programming in SQL, R or Python o Experience with GIS.

  How we support our colleagues

  In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

  Our continuous learning culture encourages and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

  We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on ReasonableAdjustments@Aon.com

  Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

  #li-in1