This position will report to the Actuary Risk analytics and will be responsible for the maintenance and build of simulation models of UW risk.
These models are used in RI decision making and in capital modelling which ultimately is used for risk/return benchmarking.
The risk analytics team is responsible for insurance risk modeling within the insurance segment. A position is currently available in this group. This position will report to the actuary, risk analytics - Insurance and will liaise with ceded reinsurance, risk management, actuarial pricing groups and other members of the risk analytics group.
Key Responsibilities of the group:
1. UW risk modelling
a. Build models of UW risk for key reinsurance placements and for capital models in coordination with pricing actuaries
b. Support analysis of individual reinsurance placements from the business and group perspectives.
2. Capital Modeling
a. Support CMP (XL Group ERM model) and Solvency II modelling committee
b. Provide peer review and validation support of insurance risk submissions for XL Group and legal entity capital models.
3. ROE Metrics
a. Maintain XL Insurance ROE models, including drill down capabilities
b. Analyze the contribution of insurance business units to XL Group returns
The analyst will assist the actuary, risk analytics - Insurance in fulfilling these responsibilities.
4 Actuarial Exams preferred
Bachelors degree in Mathematics, Statistics, computer Science
The successful candidate for this position is likely to have a minimum of 2 years of experience.
State or Province