Data Scientist Internship, Descartes Underwriting
Temporarily Remote
Parametric insurance against climate risk
Be an early applicant
Parametric insurance against climate risk
101-200 employees
Be an early applicant
Temporarily Remote
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
- Student from academic institutions, universities or engineering schools with a specialization in computer science, applied mathematics, climate, meteorological studies or data science for business
- Ideally a previous experience (internship) in data science, insurance or climate modelling
- Keen interest in climate related topics
- Highly skilled in statistics, probabilities, applied mathematics and machine learning methods
- Eye for quality and attention to details
- Fluency in English (written and verbal communication) is required
- Proficiency in Python (e.g. pandas, scikit-learn)
- Good command of one additional language (e.g. Chinese, French, Italian, German, Spanish...) is valued
- Interested in weather and natural perils modelling (wildfires, hail, tsunamis, earthquakes etc)
- Excellent team player able to work under pressure and respect deadlines
- Strong desire to learn and commitment to the organization’s mission
- Results oriented, high energy, with the ability to work in a dynamic and multi-cultural environment
- Motivated to help improving businesses’ and communities’ resilience to climate change
What the job involves
- Due to rapid growth, we are seeking to expand our Data Science team and we are looking for Data Scientist Interns (end of studies)
- The Underwriting team takes action subsequently in modeling, structuring and pricing of parametric insurance covers to deliver insurance products to a worldwide based public sector and corporate clients in a few day to a year timeframe
- These roles will allow you to gain knowledge of the insurance industry and the emerging risks (natural catastrophes, cyber...), all while collaborating closely with other internal teams (Software, Operations, Legal and Commercial) and our external partners
- Conducting structuring work, risk analysis and insurance proposal for worldwide public sector and corporate clients
- Discussing business opportunities with Descartes’ partners and being responsible for technical documentation and insurance contracts redaction
- Collaborating with the business team to understand client needs and issues to further improve our product offering
- Participating in the development of Descartes’ technological platform to differentiate Descartes from its competitors (models and pricing tools)
- Working autonomously and pragmatically to make appropriate technical decisions with attention to details
- Your missions will evolve in the future as Descartes is growing fast and many exciting projects are waiting for you
- It's a unique opportunity to take a closer look inside a fast-growing scale up with huge ambitions !
- Opportunity to work and learn with teams from the most prestigious schools and research labs in the world, allowing you to progress towards technical excellence
- Work in a collaborative & professional environment
Application process
- Step 1: HR Interview with our Talent Recruiter
- Step 2: At home technical online test (Github repository)
- Step 3: Remote technical interview with a Data Scientist
- Step 4: In-person team interview to meet our team and discover our offices
- (held remotely if you are abroad)
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
56% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jan 2022
$120m
SERIES B
Sep 2020
$18.5m
SERIES A
Total funding: $140.9m
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 HQ
Chaillot, Paris, France
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.
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