Actuarial Analyst, Financial Lines
United Kingdom - London - Leadenhall
Overview
Actuarial Analyst, Financial Lines
Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, employing approximately 30,000 people worldwide; Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients across multinational corporations and small to mid-size businesses.The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Role Purpose
Chubb is a large and successful international insurance business with operations in 50 countries and serves clients in over 170 countries.
Chubb writes specialty London Market insurance through Chubb Global Markets (CGM) which includes Lloyd’s Syndicate 2488. CGM business is international in scope and tends to cover large risks or risks that are exposed to perils, such as Wind Storm and Earthquake, which are beyond the appetite of regional markets.
The role provides an excellent opportunity for a personable, driven graduate who is keen to gain exposure to the pricing and underwriting management function of a London Market insurance operation.
You will be based in Chubb’s Leadenhall Street offices in London and will be part of the Actuarial Function for Chubb Global Markets (CGM). You will provide technical support to the Financial Lines Underwriters of CGM, with responsibilities such as:
- Case pricing for risks with significant amounts of historic claims activity;
- Exposure rating and benchmarking the business opportunities where sufficient data is not available.
- Portfolio Management and Risk Selection through the application of technical models;
- Rate Change Monitoring for renewed business.
- Planning and Forecasting for the CGM Financial Lines business
- Assist the Capital Modelling team with the parameterization of the Underwriting Risk
- Working with the business/underwriters to help them review the portfolio performance as part of the annual portfolio review process, as well as other ad hoc requests, and help the business formulate the strategy to improve the underwriting performance.
- Building and maintaining the rating engines / raters with the help and feedback from the UWs.
Underwriting for Financial Lines business is highly technical, relying on detailed claim and exposure data. Underwriters require support in maintaining and analysing this data in order to maximise portfolio profitability.
The role reports to the Senior Financial Lines Pricing Actuary for the region who will provide guidance on the technical matters, the operation of the models and the interpretation of model outputs. The role, however, will be fully embedded in the underwriting team, with the purpose of providing direct support to the underwriters. The underwriters will provide direction on day to day priorities.
Experience & Skills Required
The role will suit someone with an actuarial background who wishes to focus on supporting underwriting activity.
What can you expect in return
from us?
- Competitive salary & pension scheme
- 25 days annual leave plus ability to purchase 5 additional days
- Private Medical cover
- Employee Share Purchase Plan
- Life Assurance
- Subsidised gym membership
- Comprehensive Learning & development offering
- Employee resource groups: Gender Equality Network, Abilities & Wellbeing, Social Mobility, Parents & Carers, Pride Network, Cultural Awareness Network.
- Networking, mentoring & development opportunities.
- 1 day annual Charitable leave
- Cycle to work scheme
- Active Sports & social committee
- Employee Assistance program
Integrity. Client focus. Respect. Excellence. Teamwork
.
Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.
At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.
Diversity & Inclusion
At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.
https://www2.chubb.com/emea-careers/working-for-us/diversity-inclusion.aspx
Work Location:
London - Leadenhall
Job Function:
Actuarial
Employment Type:
Permanent
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