Senior Data Scientist, Descartes Underwriting
+ Bonus
Office located in Minster Court, London
Parametric insurance against climate risk
Be an early applicant
Parametric insurance against climate risk
101-200 employees
Be an early applicant
+ Bonus
Office located in Minster Court, London
101-200 employees
Company mission
To create a new generation of parametric solutions: fully transparent, customised to the client’s needs and providing swift claims payment.
Role
Who you are
- Graduated from a Business or Engineering school/academic institutions with a specialization in data science, computer science, applied mathematics, climate and meteorological studies or related
- 4 years’ of significant experience minimum (post graduation) in data science or related
- Proven track record of significant experience in leading a (small) team and managing business projects
- Prior experience in structuring, pricing & underwriting (parametric) insurance covers for climate risks is a plus
- Proficiency in Python (e.g. pandas, scikit-learn)
- Proficiency in statistics, probabilities, applied mathematics and machine learning methods
- Eye for quality, autonomous and attention to detail
- Fluency in English (written and verbal communication) is required
- Good command of one additional language (e.g. Chinese, French, Italian, German, Spanish...) is valued
- Interested in insurance industry and emerging risks modeling (climate)
- Strong team spirit and ability to work under pressure
- Eagerness to solve complex problems and technical challenges
- Rigorous, creative and meticulous mind
- Strong desire to learn and acquire responsibility
- Results oriented with the ability to work in a fast-paced and multi-cultural environment
What the job involves
- Descartes Underwriting is seeking a Senior Data Scientist to join our Underwriting Team based in London
- Reporting to the Underwriting Manager, you will be a key contributor to the development of climate models or forecasting tools in close and effective cooperation with all business units
- Individual contribution in Underwriting projects
- Improve and develop new algorithms, new risk models and products for our B2B client
- Conduct structuring work, risk analysis and insurance proposal for worldwide public sector and corporate clients
- Collaborate with the business team and brokers to understand client needs and risk transfer challenges to successfully underwrite new business and renew accounts
- Operate in the London market, leading discussions and projects with brokers and partners
- Technical & Business Leadership
- Be a referent for junior Underwriting Data Scientists and provide them guidance on technical modeling matters & business requirements
- Participate in the development of Descartes’ technological platform to differentiate Descartes from its competitors (nat cat models and pricing tools)
- Collaborate with various divisions of Descartes technical teams (R&D Modellers, Data & Innovation team, Risk Management)
Application process
- Step 1: Call and HR Interview with our Talent Recruiter
- Step 2: Technical online test
- Step 3: In person or remote manager interview
- Step 4: In person team interview to meet our team and discover our offices
Salary benchmarks
Our take
The corporate insurance market is undergoing a momentous shift driven by a changing climate, the growing impact of natural catastrophes, and a rise in emerging risks. Climate change has become a real risk to businesses - one Nature report, for example, found that the US alone could lose over $500 billion across 22 sectors if rising global temperature predictions materialise. The need for effective corporate insurance has never been higher.
Descartes Underwriting is looking to revolutionise how we approach insurance. Taking on one of the insurance industry’s traditional methods - catastrophe (CAT) risk modelling - Descartes is leveraging new data sources and fusing them with a host of AI algorithms. This provides what it describes as a “product offering which covers the full spectrum of natural catastrophes and emerging risk exposures.” Its AI-driven parametric insurance model is highly disruptive, and has proven highly successful - just a few years after its founding, Descartes had already become the leading InsurTech player worldwide.
Following major funding, Descartes is looking to scale up its approach to corporate and public entity risk exposures, growing its technology platform, expanding into new lines of business and targeting larger deals. With an existing client base spanning hundreds of corporations including a host of Fortune 500 companies, Descartes looks set for big things in the coming years.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Jan 2022
$120m
SERIES B
Sep 2020
$18.5m
SERIES A
Total funding: $140.6m
Company benefits
- Work in a rewarding and international environment
- Gain exposure to working with top management
- Continued learning and development (think annual seminars, training etc.)
- Frequent team events
- Work in a collaborative and professional environment
- Benefit from a hybrid way of working
Company values
- Think & build globally from the first iteration
Company HQ
Chaillot, Paris, France
Articles
Leadership
Tanguy Touffut
(CEO)Previously Global Head of Parametric Insurance at AXA Corporate Solutions, then CEO of AXA Global Parametrics.
Sebastien Piguet
(Chief Underwriting Officer)Previously Head of On-Demand Insurance Products at AXA Global Parametrics.
Kevin Dedieu
(Chief R&D Officer)Previously a Senior Consultant at MPG Partners. Also a visiting lecturer at École Polytechnique.
Diversity, Equity & Inclusion at Descartes Underwriting
- At Descartes Underwriting we value diversity across multiple dimensions – cultural, cognitive, leadership & experience. Our diverse multilingual and multicultural team is core to our value proposition, allowing us to think & build globally from the first iteration. We seek talents who will add additional analytical perspectives & insights
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