PhD position on financial engineering solutions to keep extreme weather risk insurable

University of Twente
January 20, 2023
Offerd Salary:€ 2.541
Working address:N/A
Contract Type:Other
Working Time:Full time
Working type:N/A
Ref info:N/A

Extreme weather events are anticipated to become more frequent and more severe due to climate change. This poses a challenge to both insurers and policyholders, who can expect larger losses and higher premiums. The key question is whether the risk will remain insurable in the future. This PhD project focuses on the role of financial products in the management of climate change risks. The ultimate aim of this project is to show how financial products (either new or existing ones) can be used to safeguard the insurability of extreme weather risk. Are you interested in developing and pricing financial products for climate change risk management? Then this position may just be the one for you!

As one of the PhDs in the section Financial Engineering, you will work within the High-Tech Business and Entrepreneurship (HBE) department.

Your profile
  • A MSc degree in a relevant field, such as financial engineering, actuarial science, mathematics, or econometrics;
  • Confirmed skills for modeling, programming, and handling large data sets;
  • Dedicated teammate in a hardworking group of scientists;
  • Excellent communication skills and proficient in written and oral English;
  • Able to do independent research and willing to build on writing and publication skills.
  • Our offer

    We encourage high responsibility and independence, while collaborating with colleagues, researchers, other university staff and partners. We follow the terms of employment by the Dutch Collective Labour Agreement for Universities (CAO). Our offer contains: a fulltime 4-year PhD position, excellent mentorship in a stimulating research environment with excellent facilities, and a personal development program within the Twente Graduate School. It also includes:

  • Gross monthly salary of € 2.541 in the first year, rising each year up to € 3.247 in the fourth year;
  • Holiday allowance of 8% of the gross annual salary, and an end-of-year bonus (8.3%), 29 holidays per year in case of full-time employment;
  • Employee status at the UT, including a pension scheme and health care benefits. UT is an equal opportunities employer.
  • Information and application

    Submit your application before January 20, 2023 , and include:

  • Cover letter of at most 1.5 page A4, explaining specific interests, the motivation for the application, and why you fit into this project;
  • Academic transcript of BSc and MSc education, including grades;
  • Full Curriculum Vitae, contact information for at least two academic references, and if applicable, a list of publications.
  • We encourage Master students to apply even if they still have to graduate in the coming months. We will then make suitable agreements about the starting date.

    If you have any questions regarding this vacancy, you can contact Prof. Dr. L.Spierdijk (

    About the department

    The High-tech Business and Entrepreneurship (HBE) department is part of the Faculty of Behavioural, Management, and Social Sciences (BMS). HBE holds a leading position at the interfaces of business, technology, and the social sciences. In our ground-breaking research and novel education programmes, we strive for making an impact in business and healthcare by conducting cross- disciplinary research. We combine various themes such as smart industry, supply chain management, transportation and logistics management, innovation management, healthcare operations, technology-based entrepreneurship, purchasing and supply management, cyber security, financial engineering, HRM, change management, and leadership.

    The HBE department is dedicated to encouraging a supportive and inclusive working culture. Our aim is that all job applicants are given equal opportunities. When we select candidates for employment, it will be on the basis of their competence and ability. To support the workforce diversity, we are open to offer flexible working conditions on an individual basis to support work-life balance, that may include contract of employment, working hours and location, or child care arrangements.

    Please have a look at our video to learn more about our department

    The High Business Entrepreneurship corporate video can be watched via this link.

    About the organization

    The Faculty of Behavioral, Management and Social sciences (BMS) aims to play a key role in understanding, jointly developing and evaluating innovations in society. Technological developments are the engine of innovation. As a technical university that puts people first, we tailor them to human needs and behavior and use social engineering to integrate them into society. We also ensure adequate governance at public and private level, and robust, inclusive and fair organizational structures. We do this by developing, sharing and applying high-quality knowledge in Psychology, Business Administration, Public Administration, Communication Sciences, Philosophy, Educational Sciences and Health Sciences. Our research and education in these disciplines revolves around tackling and solving societal challenges. The research programs of BMS are closely linked to the research of the UT institutes Mesa+ Institute for Nanotechnology, TechMed Center and Digital Society Institute.

    As an employer, the Faculty of BMS offers work that matters. We equip you to create new possibilities for yourself and for our society. With us, you will become part of a leading technical university with increasing, positive social impact. We offer an open, inclusive and entrepreneurial atmosphere, in which we encourage you to make healthy choices, for example through our flexible, adaptable benefits.

    How to apply Step 1

    Apply. When you see a vacancy that appeals to you, you can apply online. We ask you to upload a CV and motivation letter and/or list of publications. You will receive a confirmation of receipt by e-mail.

    Step 2

    Selection. The selection committee will review your application and you will receive a response within 2 weeks after the vacancy has been closed.

    Step 3

    1st interview. The 1st (online or in person) meeting serves as an introduction where we introduce ourselves to you and you to us. You may be asked to give a short presentation. This will be further explained in the invitation.

    Step 4

    2nd interview. In the second interview, we will further discuss the job content, your skills and your talents.

    Step 5

    The offer. If the conversations are positive, you will be made a suitable offer.

    Want to know more? Spierdijk, L. (Laura)

    Full Professor of Financial Engineering & Management

    Spierdijk, L. (Laura)

    Full Professor of Financial Engineering & Management

    Do you have questions about this vacancy? Then you can contact Laura for all substantive questions about this position and the application procedure. For general questions about working for the UT, please refer to the chatbot.



    Your Colleagues
  • Roorda, B. (Berend)
  • Personal page

    Heeswijk, W.J.A. van (Wouter)

    Personal page

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  • At the UT it's all about people, in line with our university's High Tech Human Touch philosophy. In everything we do, the well-being and future of our students and staff are paramount. From research and teaching to personnel management, campus management and the use of new technologies.

  • Our mission We are a university of technology
  • Our university is a public institution that serves society. We are accountable to society for the ways in which we use our academic freedom. We are responsible for ensuring that the power of science and technology is harnessed to achieve the best possible impact in a changing world. We cherish our rich tradition of combining technical and social sciences in our five profiling themes: Improving healthcare by personalized technologies; Creating intelligent manufacturing systems; Shaping our world with smart materials; Engineering our digital society; and Engineering for a resilient world.

  • Our mission We help to strengthen society
  • We help society meet the challenges of today and tomorrow. But we are also transparent about what science and technology can and cannot do in finding sustainable solutions. And help translate these solutions into everyday life.

  • Our mission We are sustainable
  • We want our communities to flourish and show resilience, so we seize opportunities for innovation. We are knowledgeable and have an eye for what society needs. Our students and staff receive all the guidance they need in their quest for ecological, social and economic sustainability. “The University of Twente is all about people. Our sustainable technologies help to strengthen society.”

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