P&C CAT Actuary

P&C CAT Actuary (24000AGX)

Primary Location

: FRANCE-75-PARIS

Organization

: GIE AXA

Contract Type

: Regular

Shift

: Day Job

Schedule

: Full-time 

Description

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 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.)

Qualifications

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

About AXA Why AXA ? Every day, we work together for human progress by protecting what matters. A mission that puts a smile on your face and makes you want to get up in the morning !

One of the world’s leading insurers in the protection of property, people and assets, AXA is 145,000 employees and contributors who are committed to our customers on a daily basis, 51 countries in which we distribute our products and services and more than 90 million customers who place their trust in us worldwide. As a responsible corporate citizen, AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you ? Then come and change the world with us !

The headquarters of the AXA Group is based in Paris – La Défense (Majunga Tower) and brings together the Group’s corporate activities. It is distinguished by its strong international culture.

What We Offer You will join:

• A responsible company, towards people, including its employees and customers, and towards the planet
• 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 vacanciesin.eu AXA Group)
• A flexible company, allowing hybrid work, in the office and from home.

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

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