Pricing & Analytics Actuary – Cyber & Professional Lines
| Company | Axis Capital |
|---|---|
| Location | London, UK, Chicago, IL, USA, New York, NY, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Risk Management, or a similar field which demonstrates an affinity and talent for quantitative analysis.
- Associate or Fellow of an accredited Actuarial Society, or commensurate experience.
- Experience utilizing SQL / VBA / R, Python, or similar to manipulate complex databases.
- Knowledge of technical price modelling and experience-based rating concepts.
- Familiarity with Cyber coverages and accumulation models, and Management Liability and Errors & Omissions insurance products is a plus.
- Growth mindset with ability to self-start own tasks and be proactive with thought leadership.
- Desire to develop, recommend and implement new approaches.
Responsibilities
- Directly support the Head Actuary for Global Professional Lines Pricing in implementing consistent pricing standards and portfolio analysis frameworks across the product sets.
- Support the CUOs for Cyber and Professional Lines by contributing to initiatives on portfolio composition, risk appetite, and capacity allocation.
- Coordinate reviews with Exposure Management and Underwriting to validate Cyber exposure data, review accumulation results, evaluate business impacts, and agree required actions.
- Contribute Pricing perspective in discussions with Exposure Management View of Risk team and translate outputs into enhanced Pricing models.
- Work with Exposure Management to regularly monitor and evaluate the level of accumulation and clash within the overall Cyber portfolio.
- Conduct analyses of technical pricing data in partnership with the regional PL and Cyber pricing teams, to enable calibration of technical pricing models and enhanced premium adequacy benchmarking.
- Lead in-depth actuarial profitability studies on individual classes as required, evaluating key performance drivers and portfolio trends.
- Maintain and enhance gross portfolio models for use in internal planning and outwards reinsurance pricing analyses.
- Evaluate and recommend optimal outwards reinsurance structures and pricing.
- Assist with evaluating feasibility of third-party data partnerships for integration into the underwriting & pricing processes.
Preferred Qualifications
- Familiarity with Cyber coverages and accumulation models, and Management Liability and Errors & Omissions insurance products is a plus.