Aon Graduate Programme

3 weeks ago


London, United Kingdom Aon Corporation Full time

Posting Description:
**Catastrophe Modelling: Graduate Programme**

We’re hiring

Catastrophe analytics allows insurers and reinsurers, financial institutions, corporations, and public agencies to evaluate and manage natural and human-made catastrophe risk from perils ranging from earthquakes and hurricanes to floods, wildfires and cyber.

Catastrophe analysts come from a wide range of backgrounds in science, economics and engineering and perform risk quantification using a wide range of commercial models as well as internal tools developed by Aon.

We recognise the learning, development, and social value for our Early Career colleagues of being in the office environment from the start of their programme. All our graduates will spend most of their time in the office and occasional time working from home or a client site.

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.

**Your role as a Catastrophe Modelling graduate**:
Within our Catastrophe Modelling Graduate programme, we recruit graduates into one of the three following specialist teams:
**Catastrophe Management**:
A highly analytical role embedded within a commercially focused team. Working within a large team of Catastrophe Modellers across UK and India who have a wide range of technical skills: Meteorology, Hydrology, Structural Engineers, Statisticians, Programmers. A highly collaborative environment enabling you to engage with commercial aspects of the reinsurance placement.

What your day could look like:

- Running catastrophe models to quantify the likelihood and severity of natural catastrophes for current and future climate: including hurricanes, floods, earthquake, tornadoes, terrorist attacks.
- Interpreting client exposure data and processing it into a format suitable for use in catastrophe models.
- Undertaking sensitivity testing to help clients understand impact of data quality, data and modelling assumptions and any planned portfolio change.
- Event-Response - provide up-to-date information to clients helping them quantify the impact of ongoing/recent catastrophes e.g. Hurricane Ian.
- Collaborating with academic and industry partners to validate and create innovative solutions for the (re)insurance market.
- 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.
- Contribution to the development of new Impact Forecasting models e.g. freeze models.

**Catastrophe Cyber**:
You will be part of the Global Cyber Practice group alongside broking and analytics colleagues, with team members based in the UK and North America. It is a friendly and collaborative team made up of technical specialists with backgrounds in Actuarial Science, Catastrophe Modelling and IT Security. Our job is to support our clients to grow and manage their cyber risk insurance portfolios, with our analytical insights.

What your day could look like:

- Work with cyber insurance datasets and cyber catastrophe risk models to generate analytical insights for our clients (cyber insurance companies).
- Support team efforts to develop and maintain our global data sets and suite of analytics offerings.
- Evaluate and validate cyber models, including sensitivity testing, model methodology review.
- Contribute to client relationship management including preparing presentations.
- Carry out research, work with colleagues and research partners to provide clients insights into latest cyber catastrophe risk.
- Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of required training) that may adversely affect the business, interests or reputation of any Group Company.

**Catastrophe Evaluation/Research**:
You will be part of a global team with team members based in the UK, India, Singapore, Japan and Australia. It is a friendly and collaborative team made up of technical specialists with backgrounds in Natural Catastrophe Modelling and peril specialisms such as Meteorology, Hydrology, Geology and Structural Engineers.

What your day could look like:

- Event-Response - Provide up-to-date information to colleagues and clients on Natural Catastrophes around the world.
- Evaluating and validating vendor & internally developed Natural Catastrophe Models.
- Reviewing model methodologies.
- Test model sensitivities to input variables.
- Validate model components using third party data.
- Identify and educate stakeholders on model strengths and weaknesses.
- Evaluate climate change components of Natural Catastrophe Models and other climate analytics providers.
- Anal


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