AXA
Location
Gurgaon | India
Job description
AXA XL Reinsurance is the dedicated Assumed Reinsurance arm of AXA Group. We are one of the world's largest P&C reinsurers with a leading position in all major global reinsurance markets. We take pride in our relationship-driven underwriting, forward-thinking use of science and data, tangible climate change strategies, and a commitment to be there for the long haul.
The Reinsurance Underwriting Risk Management team is responsible for ensuring that the Assumed Reinsurance activities of AXA XL have adequate risk management in place, meeting AXA Group Standards and Policies, supported by adequate governance and organisation to ensure effective functioning. In addition, the team ensures that risk framework models and metrics appropriately reflect the risks and economic performance of the assumed reinsurance business.
Our risk management uses sophisticated modelling tools and vast amounts of data to evaluate exposure to catastrophe losses and to aggregate assessment of man-made, credit, country, terrorism and operational risks.
We are looking for an experienced and self-motivated actuary with a solid analytical background. The actuary will need to work on maintaining and improving exposure management tools and processes, reviewing and monitoring risk positions, supporting the team with risk methodology assessment and improvement, risk profitability analyses, and other risk-related projects with AXA XL Re's underwriting risk management function.
In addition, the actuary will be working closely with underwriting groups thus good communication skills and being able to take initiatives in projects are key to the success of the role.
You will report to the Senior Underwriting Risk Manager, Reinsurance
DISCOVER your opportunity
What will your essential responsibilities include
In close collaboration with the Senior Underwriting Risk manager:
. Support the team with bi-annual risk aggregation exercise and monitor key (re)insurance underwriting risks, including identifying risk trends, emerging risks, and risks associated with new or material changes to existing activities or products.
. Collaborate with teams on cyber business modelling, and support underwriters in understanding and reviewing cyber risk position against limit.
. Support the team to maintain AXA XL Re's underwriting risk framework, including reviewing and developing risk quantification methodologies to support understanding of the risk.
. Participate in the development of the exposure management tool used by underwriting, actuarial and risk management teams by participating in its specification definition, testing and validation.
. Contribute to risk capacity management via performing portfolio reviews and producing risk-return analysis.
. Contribute to risk discussions at AXA Group, AXA XL Division, AXA XL Re and legal entity levels.
. Support the team to deliver reports for legal entities as required by local regulators.
. Contribute to other activities of the underwriting risk management team.
SHARE your talent
We're looking for someone who has these abilities and skills:
Required Skills and Abilities:
. Bachelor's degree in actuarial science or quantitative field.
. Effective analytical skills.
. Nearly or recently qualified actuary or equivalent.
. Relevant experience in the fields of underwriting, actuarial science and/or risk management with effective analytical skills.
Desired Skills and Abilities:
. Good understanding of underwriting risks, and insurance concepts. Knowledge of reinsurance is a plus but not required.
. Good working knowledge of Excel and SQL. Knowledge of VBA or any programming skills including R, Python etc is a plus.
. A self-motivated problem solver with effective attention to detail and data quality, and the ability to work resiliently.
. Good oral, written and communication/presentation skills.
FIND your future
AXA XL, the P&C and speciality risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide re/insurance, we reinvent it.
How By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and speciality.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and reach their highest potential.
Learn more at . AXA XL is an Equal Opportunity Employer.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called 'Roots of resilience', focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
AXA Hearts in Action : We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's 'Hearts in Action' programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.
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