P&C CAT Actuary

Permanent contract
Paris
Salary: Not specified
A few days at home
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AXA
AXA

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Questions and answers about the job

The position

Job description

Notre métier, protéger les personnes, les biens et les actifs. Notre raison d’être, agir pour le progrès humain en protégeant ce qui compte.Cela vous parle ? Alors venez rejoindre 149 000 futurs collègues qui s’engagent au quotidien auprès de nos 95 millions de clients dans 50 pays à travers le monde. 

Votre environnement de travail

Le siège social du Groupe AXA (GIE AXA) regroupe nos activités corporate. Il assure le pilotage et le support des filiales dans le monde, afin de garantir notamment la coordination et le suivi de la stratégie globale d’AXA, l’application de ses standards, la cohérence des approches commerciales, et le partage des meilleures pratiques. 

Le siège est composé d’environ 1000 employés et se distingue par sa forte culture internationale (45 nationalités), ce qui en fait un espace de travail riche et stimulant.

C’est autour de la diversité et de l’unité que se construit AXA, c’est pourquoi nous nous engageons à promouvoir le succès collectif par l’inclusion.

Within the Group, you will join the Group Risk Management P&C

 

Group Risk Management (GRM) is a central and strategic function at AXA Headquarters. One of its main components is GRM P&C, which ensures that P&C risks are appropriately measured, modelled, and monitored. GRM P&C’s main areas of expertise are Cat Modelling, Economic Capital, Reserving, and Underwriting.

Thanks to AXA’s geographical footprint, the team works in a very international and highly diverse context.

 

Within this Department, you will be part of the Actuarial & Cat Man-made team

 

The Actuarial & Cat Man-made team responsibilities consist in:

-        Modelling the risk of accumulation in Cyber and Liability lines of business;

-        Reviewing the contribution of every AXA entity to the P&C Reserving;

-        Monitoring other Man-made risks (e.g., Supply Chain disruption) through ad-hoc analysis.

 

Your job and daily missions:

 

The Liability Accumulation Modelling Actuary will work into a team of 8 people dedicated to actuarial activities (Cyber modelling, Liability modelling, and Reserving).

 

Liability Insurance is an insurance product that protects companies against a large diversity of events that can involve their responsibility for the products they deliver, their managerial practices, their managing decisions, etc. It is a major Line of Business for P&C Insurance. Similarly to Natural Catastrophes, this is a LoB that can be exposed to “Accumulation events”, defined as the occurrence of several claims linked to a same root cause. Historical Accumulation events are for instance:

-        Subprime crisis in the US (many Banks Directors were deemed responsible for poor managing decisions by their investors).

-        Contaminated blood in France

-        Lactalis

As a technical environment, the Liability Accumulation Modelling Actuary will be provided with:

-        The existing Liability Model, consisting in few scenarios which can be refined or used as inspirations to build new methods or scenarios.

-        A data collection platform which integrates very granular data on AXA policies and covers, for most countries in which it operates.

-        Strong and diversified expertise on P&C, either on Underwriting, Claims management, or Actuarial science within the Group.

 

The Liability Accumulation Modelling Actuary will be expected to:

-        Learn about the characteristics of AXA Liability Business in all its Entities (covers granted, typologies of portfolios, etc.)

-        Dive into the Model, including: manipulating the model (written in R), getting a detailed understanding of it, developing the methods of stochastic modelling of catastrophes, contributing to a R&D roadmap.

-        Interact with every entity concerned by Liability risk regarding their underwriting data and communicate them the model developments and results.

-        Manage the development of the platform collecting entities underwriting data, working along the IT teams.

-        Take part to the optimization the Group Reinsurance to make sure Liability accumulation risk is appropriately covered.

-        Contribute to any technical analysis that may be required

 

This position is a great opportunity to gain a solid understanding of both Liability business and Actuarial Modelling in a regulatory and strategic context within a leading international Group.

 

In addition, the Liability Accumulation Modelling Actuary may work on the following topics:

-        Modelling of other man-made risks (eg, Cyber)

-        Ad-hoc studies on actuarial topics (Reserving, Reinsurance, etc.)

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.


Preferred experience

Let’s talk about you:

 

 Academic background

    • Actuary / Quant

 Experience

    • Between 0 and 4 years of experience

 Hard skills

    • Expert in actuarial science, statistics, risk theory
    • Very strong analytical skills
    • Ability to communicate in a clear and concise way

 Soft skills

    • Ability to work in a team, good interpersonal skills, flexibility/adaptability
    • Rigor, motivation, autonomy, proactivity
    • Curiosity and open-mindedness

 Languages

    • Professional level in English

 

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