Reinsurance Actuary/Analyst
Role Purpose
This role represents a unique opportunity in the Ceded Reinsurance team to support the reinsurance purchase process across the COG region on a wide variety of business lines. The actuary/analyst will be involved in analysing reinsurance treaties using stochastic and deterministic models to understand the value of various structures. The successful candidate will need to be comfortable discussing results and assumptions with senior non-actuarial colleagues from a variety of roles within Chubb and with external brokers and reinsurers. The actuary/analyst will be involved in presenting findings and recommendations to the COG Reinsurance committee so will need to be confident presenting to senior audiences.
The Actuarial side of the Ceded Reinsurance also has responsibility for the parameters used in the Reinsurance module of the European internal model. The Actuary/Analyst will be responsible for updating parameters and validating results from the internal model.
The Actuarial Analyst will be based in London and will report to the COG Head of Ceded Reinsurance.
Key Responsibilities
Reinsurance Pricing:
1. Analysis of reinsurance treaties
2. Discussing and explaining results and parameters to internal and external audiences
3. Presenting results and recommendations to the COG Reinsurance Committee
4. Building/improving reinsurance pricing models
Internal Model Support:
5. Producing reinsurance parameters for the internal model
6. Validating reinsurance outputs from the internal model
Required Experience
7. Experience in either insurance or reinsurance pricing
8. Capital modelling experience (preferred, but not required)
9. Ability to communicate technical positions clearly and effectively
10. Ability to think creatively and challenge existing processes to maximise value added
11. High level of proficiency in Excel and other MS Office products.
12. Minimum 5 years non-life insurance actuarial experience, including exposure to commercial property business.
13. Qualified or near qualified member of the Institute and Faculty of Actuaries or similar international qualification