Actuarial Analytics Intern

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Actuarial Analytics Intern

Actuarial Analytics Intern

  • Location:

    City of London

  • Salary:

    21,500

  • Contact:

    Aaron Gavin

  • Contact email:

    Talent@acinrecruit.co.uk

  • Published:

    about 2 months ago

  • Expiry date:

    2021-01-22

Job Description:

Internships at Hiscox

Hiscox is a leading, internationally recognised insurer. We set the standards for others to try and emulate, consistently delivering strong growth and exceptional shareholder returns. Our products range from insurance for the homes and possessions of the rich and famous, to innovative cyber risk solutions and meeting the needs of specialist businesses.
Our customers are diverse and unique and are only united by our ability to provide bespoke insurance. We’re known for recruiting the best and empowering those people to deliver.

An internship at Hiscox will allow you to gain an understanding of how an international, specialist insurance company operates. You’ll be set challenging and meaningful work and have an opportunity to develop key business skills.

You’ll have the chance to meet, learn from, and work with senior people in the business. Your line manager will guide and challenge you and your graduate buddy will support you in your internship journey. There’ll be plenty of on-the-job learning guided by our experienced and respected insurance professionals, as well as structured training, business insight
sessions and networking opportunities throughout your time with us.

In addition to your individual work and projects, you’ll also get the opportunity to work together with your fellow interns on a team project, presenting the results to the wider business. Through this project you’ll be able to develop your team working skills and gain an insight into a different part of the business.

Hiscox Re & ILS

Hiscox Re & ILS (Insurance Linked Securities) is made up of our underwriting platforms in Bermuda and London, writing reinsurance risks around the world. The team is committed to providing top quality service to brokers and clients across a broad range of reinsurance products. We protect our clients’ assets against natural and man-made disasters, covering everything from earthquake and hurricane damage to cyber and terror attacks around the world. Our approach is simple, we set out to partner with our customers to help solve the problems that will deliver real value; and have an unwavering focus on matching the right blend of innovation and dependability to meet our customers’ ever evolving needs. Our focused and discerning underwriting approach is complemented by a commitment to world class service, and the ability to offer creative solutions to complex problems. 

The Opportunity

During your Actuarial Analytics internship, you’ll spend your time with us in the reinsurance analytics team.  As a market leading reinsurer, we have a need to have a clear understanding of what drives our risk and where we could expand our presence in the market. You will have the opportunity to work on a number of projects that will advance our understanding of risks. This may include building algorithms to correlate seemingly unconnected events, developing machine learning techniques to overlap exposures, and creating statistical frameworks to capture key risk metrics. This work will be in conjunction with actuaries, catastrophe and capital modellers, I.T. developers and underwriting teams across London and Bermuda. The role will have great exposure to leaders and experts across Hiscox Re & ILS and you will get a real insight into the workings of a reinsurance business. The output of the work will be used in front-end systems that will make a real world difference to how we do business.

Although we’re hoping that we’ll be back in the office in summer 2021, nothing is guaranteed in the current climate and interns need to be flexible, adaptable, and willing to rise to the challenge. We anticipate that an Actuarial Analytics internship will be available in London but we may need to convert it to a remote experience.

You will hear from us within two weeks of submitting your application. Final stage interviews will be held in March.

Applications for the internship scheme will close on 22nd January at 10am GMT. However, should we experience a high volume of interest, we may close applications earlier and would recommend that you submit your application for this scheme as soon as possible.

Person Specification:

What is needed to excel in this opportunity?

  • You’ll be studying for a numerate and analytical degree such as Maths, Statistics, Actuarial Science, Computer Science, Physics or similar

  • Ambition, motivation and the ability to learn quickly; identify problems and propose innovative solutions

  • You will need to be a self-starter with the initiative and courage to stretch yourself out of your comfort zone

  • A curiosity and hunger to learn, absorb and understand new information and concepts

  • Highly analytical, structured and systematic in your thinking style, with the ability to plan ahead for the end goal

  • High level of attention to detail

  • Experience of programming or scripting languages (e.g. Python, R, SQL, MatLab, C++, etc…) would be an advantage but is not essential

  • Knowledge of data science or computational algorithms would be an advantage but is not required

What are the requirements?

Our internships are open to current students in their penultimate year who are planning to return to undergraduate or postgraduate studies following their time with us. In other words, if you are due to graduate from an Undergraduate or Master’s degree in 2022, we want to hear from you.

You’ll be on course for at least a 2:1 degree (or equivalent). You’ll have at least 120 UCAS points from 3 A-Levels (or 300 UCAS points for A-Levels achieved prior to September 2017). You’ll also have UK GCSE Maths and English at grade B/grade 6 (or international equivalent).

As well as being able to demonstrate strong interpersonal skills, you’ll be numerate and able to speak and write fluently in business English.

You must, by the start of the employment, have permission to work in the UK.

The Internship takes place from 5thJuly to 27thAugust 2021.