Insurance Risk Modeling Senior Risk Analyst
Aig · London, England ·
Join us as Insurance Risk Modelling Senior Risk AnalystMake your mark in Risk ModellingReporting to the Head of Insurance Risk Modelling, you will support the development, calibration, testing, and enhancement of AIG's Insurance Risk capital models and associated business uses.
The primary focus of the role is the quantification of non-catastrophic Insurance Risk, including Reserve Risk and Premium Risk, within AIG's Economic Capital Models. A significant component of the role involves the development and application of stochastic actuarial techniques to estimate the full probability distribution of unpaid claim liabilities.
This involves end to end processes from methodology, coding, data gathering, model execution, assumption setting, measurement, testing, and communication of results to business stakeholders. The role has a broad range of exposure, supporting both Solvency II models for UK and European entities, Canada, Bermuda, Japan and Group Economic Capital Models.
The models are used both for regulatory capital requirements and for internal uses such as capital allocation and inputs to technical pricing. How you will create an impactThe role works closely with actuarial, risk management, underwriting, and finance teams across AIG's global operations.
It is ideally suited to a candidate with strong interests in capital modelling, Insurance Risk, statistical methods, and coding. ResponsibilitiesDevelop stochastic actuarial models and applications for non-catastrophic Reserve and Premium Risks including AIG’s existing in-house models and advancement of related actuarial techniques.
Calibration of Insurance Risk parameters within AIG's Internal Capital Model. Includes both line of business volatilities and cross-line correlations. Analyse historical claims and underwriting data to develop model assumptions and parameters.
Translate business requirements into analytical solutions and model specifications. Perform testing, sensitivity analysis, benchmarking, and validation of model results. Support business partners in understanding Insurance Risk, capital requirements, and model outputs.
Communicate analytical approaches and results to both technical and non-technical audiences. Maintain model documentation and support governance, validation, and review activities. Respond to ad hoc requests relating to Insurance Risk and capital analysis.
Experience working with programming languages such as Igloo, Python, R, VBA, MATLAB, or similar quantitative tools. Strong analytical, problem-solving, and critical-thinking skills. Ability to evaluate model assumptions, data quality, and reasonableness of results.
What you’ll need to succeedExperience in insurance, actuarial, capital modelling, or quantitative risk management. Experience applying stochastic modelling techniques within Property we are one of theworld’s most far-reaching property casualty networks.
It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential.
We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become. Welcome to a culture of inclusionWe’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals.
We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.
If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com. Functional Area:RK - RiskAIG Europe (Services) Limited