ABOUT AXA

Whatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need we’re always there for them. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first.

Your work environment:

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Within the

 Group, you will join the Group Ceded Re department which oversees AXA Group Reinsurance.

Within this Department, you will be part of the Reinsurance Reserving team that is responsible of technical reserve calculation for a portfolio of major life and non-life risks from AXA Group entities. Reserving enables to anticipate and cover future claims arising from reinsurance treaties underwritten by AXA SA. Technical reserves must be estimated as accurately as possible based on information on claims, and in particular their development between various phases: occurrence, declaration, payments, and closure.

About Reserving Team: the team is composed of 5 actuaries of Institut des Actuaires with 2 to 10 years of experience and of different cultures.

Your job and daily missions: 

This internship is an opportunity to apply and improve your knowledge of statistics, modeling, data analysis, reinsurance and reserving.

With the help of the internship tutor, the intern will implement new models and tools to enable the AXA Group's reinsurance to be properly modeled and monitored.

Context:

In reinsurance context, actuarial approaches like internal modelling or burning cost are aimed to estimate the expected incurred claims that would be recovered from reinsurance treaties. Internal modelling aims at assessing the claims probability distribution through frequency x severity. On the other hand, burning cost approach uses the historical claims to calculate the reinsurance treaty result averaged over years.

Challenges:

The aim is to generalize the applications of these methodologies and to improve their understandings, namely through the systematization of calculations and analysis, such as variation analysis, as-if adjustments, back-testing and to bring some level of confidence on the profitability indicators.

The key analysis to be produced:

• As-if modelling improvement
• Variation analysis implementation

Finally, you can be asked to deploy into the reserving-pricing team R shiny app your model for a better visualization.

Vous rejoignez une entreprise :

-    Responsable, vis-à-vis des personnes, y compris ses employés et ses clients, et de la planète. -    Aux valeurs fortes-    Qui encourage la mobilité interne, et la formation de ses employés-    Qui vous offre de nombreux avantages (en savoir plus ici : Reward & Benefits - french | AXA Group)-    Flexible, qui permet le travail hybride, au bureau et à la maison.

Les informations fournies par les candidat(e)s seront traitées de manière strictement confidentielle et utilisées uniquement à des fins de recrutement.

Let’s talk about you:

You have some experience in programming (e.g. R, R shiny or VBA) and in Excel. You have in-depth knowledge of applied mathematics (actuarial science, statistics, …). You are currently in your last year of engineering or actuarial school (e.g. ISUP, ENSAE, ISFA, Dauphine, DUAS, EURIA, …), or performing a master degree in applied mathematics at the university and interested in actuarial sciences.

You enjoy teamwork, sharing knowledge and information. You are keen to innovate and bring initiatives to new subjects. 

The working language is French within the Team but proficiency in English is required (technical documentation, communication with other teams in the Group, …)

What we offer

You will join:

• A company with an inclusive culture and a diverse workforce, committed to attract, develop, advance, and retain the most diverse talents, while creating an inclusive culture where everyone can bring their full selves to work and can reach their highest potential.
• A company with strong values
• A company promoting internal mobility and the training of its employees
• A company offering many benefits (learn more here: Reward & Benefits | AXA Group)
• A flexible company, allowing hybrid work, in the office and from home
• A responsible company, towards people, including its employees and customers, and towards the planet

The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only.