Senior Actuarial Analyst - Financial Lines at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelors degree or equivalent in Mathematics/Actuarial Science
Part qualified actuary
2+ years’ actuarial experience in pricing or reserving
Strong MS Excel skills
Strong coding ability in either VBA, R or Python (preferable)
Strong communicator with the ability to forge relationships with other areas of the business
Ability to work under own initiative and show flexibility to meet business needs

Responsibilities

Provide the business with the actuarial support they require to profitably grow their business and take remedial action where needed
Produce transactional pricing analysis for accounts within agreed timescales, working closely with underwriters
Actively involved in technical pricing tool development and enhancements, whilst considering local market requirements
In co-ordination with the actuarial pricing team, monitor rates at renewal and new business, ensure technical pricing models are in place and reviewed regularly and that any deviation is justified and monitored
Report performance at granular level (account and rating factor) so that underwriters can optimise performance
Ensure data used for pricing and monitoring is complete, accurate, adequate and timely
Comply with key regulatory and risk management procedures

Skills

Actuarial Pricing

Transactional Pricing

Pricing Tool Development

Portfolio Management

Performance Monitoring

Technical Modeling

Rate Monitoring

Data Analysis

Risk Quantification

Loss Reserving

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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