AXIS Re hosts first hackathon


AXIS Re has hosted its inaugural "Future of Insurance" student hackathon in the Siebel Centre for Design on the campus of the University of Illinois at Urbana-Champaign.

The event was a collaboration between the AXIS Research Centre and the University of Illinois Office of Risk Management and Insurance Research. During it students were challenged to create new catastrophe risk conceptualisation models while leveraging data analytics, computer programming and risk modelling technologies that are reshaping the insurance industry.

Students were also asked to build a data visualisation tool for underwriters to assess the potential impact of catastrophic incidents. These include floods, hurricanes, earthquakes, tornadoes and other natural and manmade disasters, which can cause catastrophic damage in a given region.

"We are proud to partner with the University of Illinois — a leader in research and education and a valued partner of the AXIS Research Centre — to launch our inaugural student hackathon," said Jon Colello, president and chief underwriting officer, US, at AXIS Re. "The ‘Future of Insurance’ is not just the name of the hackathon — it reflects our company’s commitment to help engage and develop the next generation of insurance and reinsurance professionals.

"We anticipate that the next generation of insurance professionals will come from both traditional and non-traditional educational backgrounds, including computer science and information technologies. Through this hackathon and future events, we hope to draw more young professionals into the field while illustrating the dynamic and exciting opportunities within today’s rapidly evolving insurance industry."

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