Senior Insurance Risk Analyst at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Experience in insurance risk management, actuarial or capital modelling disciplines
Part-qualified actuary (completion of Core Principles exams preferred) or experience of actuarial work with other relevant professional qualification (e.g. CII)
Strong problem-solving and decision-making abilities
Analytical skills and a good eye for detail
Excellent written and verbal communication skills
Enthusiastic, with strong relationship building and stakeholder management skills
Proactive mentality with strong planning and organisation skills
Commercial awareness

Responsibilities

Support the Head of Insurance Risk with the periodic validation of the Syndicate 1183, 2019 and 2478 Internal Models
Execution of certain validation activities including planning and scoping, conducting validation tests and maintaining the validation findings log
Preparation of the Board and Regulatory Validation Reports and papers for other committees
Support the Head of Insurance Risk and Chief Actuary in the production and submission of the annual Actuarial Function Board Opinions and Regulatory Reports on Technical Provisions, Underwriting Policy, Reinsurance Arrangements and Risk Management in line with the requirements of Solvency II and Lloyd’s Minimum Standards
Work with a range of risk, actuarial and finance professionals across Talbot to assist in the production of the Own Risk and Solvency Assessment (“ORSA”) Report
Assist in the development and completion of stress and scenario testing analysis, including the forward-looking plan in the ORSA Report
Support the Head of Insurance Risk in performing risk assessments and deep dives for prescribed insurance risks, including the annual business plan review and underwriting business unit risk assessments
Assist in the guardianship of the Risk Register, including control effectiveness, and all other documentation relating to the Risk Management Framework
Actively liaise with all Talbot business areas to establish, support and maintain business relationships and organisational effectiveness

Skills

Key technologies and capabilities for this role

Quantitative Risk AnalysisInternal Model ValidationSolvency IILloyd’s Minimum StandardsORSA ReportStress TestingScenario TestingActuarial ReportingRisk ManagementRegulatory Reporting

Questions & Answers

Common questions about this position

What qualifications are required for the Senior Insurance Risk Analyst role?

Candidates need experience in insurance risk management, actuarial or capital modelling disciplines, and should be a part-qualified actuary with completion of Core Principles exams preferred or hold another relevant professional qualification like CII.

What key skills are needed to succeed in this position?

The role requires strong problem-solving and decision-making abilities, analytical skills with a good eye for detail, excellent written and verbal communication skills, and strong relationship building and stakeholder management skills.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What makes a strong candidate for this Senior Insurance Risk Analyst position?

A strong candidate will have a quantitative risk background, experience in insurance risk or actuarial work, part-qualified actuarial status, and demonstrate a proactive mentality with excellent stakeholder management and analytical skills.

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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