Global Specialty Actuarial Analyst at AIG

Singapore

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor's degree or equivalent (Mathematics/Actuarial or related)
Student member of an Actuarial Institute with partial progression through the exams
Some actuarial experience in P&C industry
Proven proficiency in actuarial concepts/methodologies
Proficiency in reserving software
Knowledge of programming software, such as R, SQL or VBA (advantageous)
Ability to forge relationships with other areas of the business
Ability to work under own initiative, be proactive and show flexibility to meet business needs
Ability to meet tight deadlines and prioritise own work
Professional behaviour with a high level of integrity
Excellent analytical and problem-solving skills
Excellent communication, presentation and interpersonal skills

Responsibilities

Assist in the production of Legal Entity and US GAAP reserve estimates, both gross and net of Reinsurance using standard reserving techniques
Assist in production of reserving presentations and commentary to support the analytical work
Take key stakeholders (internal and external to Actuarial) through the Actuarial and Financial reserving results
Work with the claims team around the impact of claim initiatives, inflation and specific IBNR areas (e.g. specific individual losses or catastrophe events)
Work with reinsurance to ensure understanding of outwards reinsurance changes impacting their lines of business
Collaborate closely with both APAC and Global Specialty actuarial teams, ensuring effective communication of actuarial information for Specialty lines

Skills

SQL

Actuarial Reserving

P&C Insurance

Reinsurance

IBNR

US GAAP

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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