Actuarial Analyst - Global Pricing at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

BSc in Actuarial Science, Mathematics, Statistics, or related area
2+ years of actuarial or data science experience within General Insurance
Strong analytical and problem solving skills
Strong work ethic with a willingness to learn
Strong MS Excel skills
Coding experience in Python, R, VBA or other programming languages
Good understanding of visual data / dashboards
Excellent communication and interpersonal skills

Responsibilities

Work directly with broader Global Pricing team to implement strategic initiatives, such as reporting, based on defined requirements and standardised definitions
Help establish Global Pricing as a central hub, supporting key business areas
Support with prioritised strategic initiatives including the wider roll out of MI for Actuarial Pricing, standardisation of modelling processes and rater delivery onto strategic platforms
Prepare materials to communicate key messages to senior committees
Work with product actuaries to sunset existing local reports with strategic solutions
Support Global pricing strategic leads with ad-hoc initiatives
Liaise with Actuarial champions to help design and enhance reporting, modelling, and raters
Work effectively as part of a team to achieve financial, strategic, and operational objectives
Assist in the development and review of new and updated raters
Support Actuaries in the development of technical pricing models used to parameterise raters, using strategic tools and processes
Support and liaise with the data team to increase data coverage and accuracy
Perform data manipulations and work with the data team to drive process improvements
Support development of portfolio-level reporting and ensuring adoption of pricing standards
Assist in BAU activities including QA and production environments

Skills

Actuarial Analysis

Pricing

Risk Quantification

Insurance Modelling

Advanced Analytics

Data Reporting

Rater Development

Strategic Initiatives

Stakeholder Communication

MI Reporting

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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