PEMBROKE, Bermuda & CHAMPAIGN, Ill.--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today announced that AXIS Re — a business segment of AXIS — will host its inaugural “Future of Insurance” student hackathon in the Siebel Center for Design on the campus of the University of Illinois at Urbana-Champaign, on April 9. During the hackathon, students will be challenged to create new catastrophe risk conceptualization models while leveraging data analytics, computer programming and risk modeling technologies that are reshaping the insurance industry.
“We are proud to partner with the University of Illinois — a leader in research and education and a valued partner of the AXIS Research Center — to launch our inaugural student hackathon,” said Jon Colello, President and Chief Underwriting Officer, U.S., 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.”
Added Colello: “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.”
The April 9 student hackathon is a collaboration between the AXIS Research Center and the University of Illinois Office of Risk Management and Insurance Research. As part of the hackathon experience, students will be challenged to build a data visualization 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.
About AXIS Capital
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at December 31, 2016, of $6.3 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com. Please be sure to follow AXIS Capital on LinkedIn.
About AXIS Re
AXIS Re — a business segment of AXIS Capital Holdings Limited (NYSE:AXS) — provides reinsurance to insurance companies on a worldwide basis, comprising catastrophe, property, professional lines, credit and surety, motor, general liability, engineering, marine, workers’ compensation and agriculture, as well as other highly specialized risk transfer solutions. For more information about AXIS Re, please visit www.axiscapital.com/en-us/reinsurance.