Insurance KE Fellow call
Closing date: 16:00 on 27 April 2017
Interview date: Mid-June, date TBC
NERC wish to appoint a Knowledge Exchange (KE) Fellow to foster collaborations between the (re)insurance industry and academia, to accelerate the uptake and impact of environmental science within the sector.
The (re)insurance industry offers insurance against natural catastrophes such as earthquakes, hurricanes, flooding and wildfires. In order to set annual premiums, establish solvency capital requirements, and balance their overall portfolio of risk to prevent over-exposure, insurers have to calculate the frequency, spatial extent and severity of natural hazards and the likelihood they are to cause insurance losses.
To do this, the (re)insurance sector has developed a quantitative approach to risk modelling which estimates likelihood of loss based on an individual insurer's portfolio. Catastrophe models (cat models) combine the likelihood of hazards with an estimation of the vulnerability (how likely a person or asset is to be harmed or damaged) and of the exposure (eg the distribution of people and the location of properties insured), in order to estimate likelihood of harm or damage, and estimate the scale of insurance losses.
Initial discussions with the (re)insurance sector have indicated a growing appetite for open collaboration with academia around issues which are common to the sector.
Applications are welcomed on a part-time basis (between 40% and 80% full time equivalent) for one to three years. The fellow will be located at an eligible research institute, but will be expected to travel to meetings with the (re)insurance sector. The fellowship will be paid at 80% full economic cost.
For further information regarding the Insurance KE Fellowship, please contact:
Senior programme manager
For queries on NERC KE Fellowship scheme, please contact: