Pricing Actuary

AIG

  • London
  • Permanent
  • Full-time
  • 1 month ago
Join us as a Pricing Actuary to take your career to the next level with a global market leader.Make your mark in Talbot UnderwritingTalbot operates within the Lloyd’s Insurance Market through Syndicate 1183 and Syndicate 2019. With an expert team of highly skilled and experienced underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry leading insurance specialist.Talbot writes a diversified portfolio including Crisis Management, Energy, Financial Lines, Marine, Political Risk, Property and Terrorism. Drawing on our deep industry expertise, Talbot develops tailored insurance solutions that address clients’ evolving and often unique needs.Part of AIG since 2018, Talbot is committed to working with brokers and clients to deliver industry leading solutions. It is headquartered in London with offices in New York and Singapore.How you will create an impactThis is a fantastic role for a part-qualified actuary to join our team and support the Property, Financial Lines and Political Violence classes. You will gain a good breadth of knowledge on Lloyd’s products, and you will have the opportunity to network with senior stakeholders across the business.This is a key role supporting maintenance, development and calibration of rating tools, and transactional account pricing.Some of the key responsibilities include:
  • Work across various lines of business to support Underwriters to develop more profitable portfolios through:
  • Development of pricing models
  • Maintenance and enhancement of existing pricing models
  • Periodic recalibration of pricing models and tools to reflect the current year’s business plan.
  • Perform and develop individual risk pricing in support of the underwriters.
  • Assist in the collection and research of pricing data, and then in the development of analysis and reporting of pricing data.
  • Provide actuarial support for business initiatives
  • Evolve pricing standards as per market requirements (eg: Lloyds BPPF, consistency with AIG)
  • Incorporate feedback from internal reports on model usage/ portfolio analytics to determine model updates
  • Support pricing modernisation initiatives including building and maintaining raters in HX
  • Drive and embed pricing governance within the team (developing clear audit trails, setting governance priorities)
  • Introduce new profitability studies which define how the team approaches planning going forwards
  • Establish best practice for re-platformed models
What you’ll need to succeed:
  • Numerical degree
  • Making good progress through actuarial exams
  • Pricing or reserving experience within General Insurance
  • Data manipulation and technical modelling skills
  • Coding experience desirable
  • Strong analytical skills
  • Strong communicator
  • Strong organisational skills with excellent attention to detail
#LI-AIGAt AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.Enjoy benefits that take care of what mattersAt AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’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 .Functional Area: AC - ActuarialTalbot Underwriting Services Ltd (TS1)

AIG