Head of Long Tail Underwriting Commercial Lines - MF
Head of Long Tail Underwriting Commercial Lines - MF
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Job Description
What youll need to succeed in this role:
- Indepth comprehensive knowledge and experience of P&C business operations including Underwriting Pricing Claims Reserves and Reinsurance enabling to have a thorough understanding of business insurance rationale processes and profitability and any potential P&C risk.
- Advanced knowledge in P&C actuarial and underwriting fields to efficiently challenge the local heads of underwriting and pricing experts.
- Good understanding of processes to efficiently manage the decision to be taken in the different committees or boards.
- Solid interpersonal and organizational skills as it is essential to successfully manage multiple aspects and interactions with numerous internal and external stakeholders.
- Persuasive opinion to challenge and orient the P&C strategy and operations at Group or Entity level.
Technical and professional skills:
- Deep knowledge of various liability insurances policy wordings pricing and modeling approach (including accumulation control)
- Strong management skills
- Easy manipulation of complex financial figures connected to insurance activity monitoring
- Reinsurance knowledge (treaties and facultative)
- Recognized Expertise in loss prevention and risk engineering
Soft skills:
- Natural leadership
- Able to develop structured argumentation to sell ideas and convince various types of stakeholders
- Able to deliver highlevel presentations in front of senior management or entities CEOs
- Agility to work in a multifaceted P&C world
- Capacity to motivate and lead transversal teams building collaborative working relationships effective communicator flexible
You will join:
- A responsible company towards people including its employees and customers and towards the planet
- A company with strong values
- A company promoting internal mobility and the training of its employees
- A company offering many benefits (learn more here: Reward & Benefits AXA Group
- A flexible company allowing hybrid work in the office and from home.
The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only.
Why AXA Every day we work together for human progress by protecting what matters. A mission that puts a smile on your face and makes you want to get up in the morning !
One of the worlds leading insurers in the protection of property people and assets AXA is 145000 employees and contributors who are committed to our customers on a daily basis 51 countries in which we distribute our products and services and more than 90 million customers who place their trust in us worldwide. As a responsible corporate citizen AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you Then come and change the world with us !
Whatever their stage of life we provide over 100 million customers with the products and services they need to progress. From insurance to personal protection and savings to wealth management no matter the need were always there for them. And were always there for our employees. In 50 countries we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them inspire them and reward them. And to create a culture thats open supportive and empowering. Because we know thats the real secret to success and the best way for us to keep building a better world for both our customers and the talented people who put them first.
Your work environment:
The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world to ensure the coordination and monitoring of the Groups global strategy the application of its standards the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture 45 nationalities) which makes it a rich and stimulating place to work.
Within the Group you will join the Group Underwriting Office as Head of Long Tail Underwriting Commercial Lines. The newly created Group Underwriting Office is accountable for establishing enabling and driving profit and growth through Product Underwriting Strategy Portfolio Design and Technical Underwriting Excellence in partnership with the AXA Entities for both Commercial and Retail through:
- Portfolio Design Steering
- Underwriting Product Strategy and Profitability Measurement
- Technical Underwriting Guidance
- Pricing Models Platforms and Analytics
- Risk Appetite deployment
- Ceded Reinsurance strategy design and purchasing
Dimensions
The P&C business line is in the core of the organizational structure of the AXA Group and operates in 20 territories with a wide mix of operating models market shares and stages of development. To maintain alignment within the organization the Group Head of Long tail Underwriting for P&C Commercial lines is responsible for:
- Ensuring a sustainable and profitable growth of AXA P&C commercial lines long tails activities worldwide promoting technical excellence. This encompasses underwriting PAP (Product approval Process) PMP (Portfolio Management Process) and requires strong and tight cooperation with claims management reserving cat modeling and reinsurance cover.
- Structuring the 1st line of defense organization and missions by developing facilitating and monitoring an effective P&C Commercial Lines Underwriting framework for Long Tail lines of business.
The P&C Group Head of Long Tail Commercial Lines is responsible for
- Premises and operations liability
- Products and completed operations liability
- Motor
- Workers compensation and employers liability
- Management liability
- Professional liability
- Marine liability
- Aircraft liability
- Environmental liability
Group Casualty exposures amount to 15000 Billion and 6 Billion GWP.
The P&C Group Head of Long Tail Commercial Lines is responsible for Cyber Insurance line of Business both for retail and commercial client segments Group Cyber affirmative exposures amount to 2000 billion
Your job and daily missions:
- Define the Group Underwriting guidance for Long tail business and promote technical excellence via information and training to entities/region and professional families.
- Contribute to the P&C AXA Group Standards and P&C Solvency 2 policies
- Define the P&C commercial Long Tail Underwriting guidelines
- Contribute to the Gross Underwriting Limits (GUL) for Group and local entities or regions/markets (setting and usage)
- Participate in underwriting decisions for cases referred to Group (Group ARCC)
- Participate in Technical working groups with other Group functions entities & markets
- Ensure the global supervision of the Long Tail lines and stepup entities expertise to contribute to business development though underwriting supporting Group and entities growth ambition while maintaining strong profitability focus.
- Develop the Groups technical practices and culture together with GUO other functions notably Pricing/PMP Claims & Reinsurance and local Technical professional families
- Contribute to improving accumulation models accuracy in notably bridging the technical modelling capabilities the underwriting expertise and the entities exposure footprint across geographies
- Identify needs develop and propose relevant trainings to support attainment of required technical skills
- Identify best practices and organize sharing/training sessions with the different entities business families
- Ensure that the development of products is sustainable and profitable via the Product Approval Process (PAP) and provide support to entities when needed.
- Develop and propose trainings to upgrade portfolio and products monitoring processes
- Control entities/region through regular technical audits (e.g. InDepth Reviews Technical Reviews Preliminary Reviews).
- Ensure understanding and alignment of the P&C entities governance with the Group Standard Solvency II policies and Underwriting guidelines
- Control and measure entities underwriting maturity (expertise discipline controls)
- Challenge the Underwriting Strategic thinking to support a sustainable profitable growth within entities
- Participate upon request on Reserves Review Process to feed the Group Reserving team with Long Tail Lines of Business elements of context regarding Cycle UW historical vision vs UW future developments and portfolio mix evolution that could influence to reserves development but not yet observed in Claims triangles.
- Drive the transformation of systemic risks management by improving the monitoring of the Groups exposures as part of the CLEAR project.
- Identify key systemic risk factors and propose transformation strategies to ensure robust Underwriting discipline and risk appetite compliance
- Support entities to identify and set their transformation plans and operational transformation journey
- Conduct technical capabilities assessment projects with internal and external providers to identify and propose technical tools to support entities in their transformation journey through digitalization and automation of contracts review
- Contribute to Mergers & Acquisitions operations related to P&C Commercial Lines business.
The headquarters of the AXA Group is based in Paris La Dfense (Majunga Tower) and brings together the Groups corporate activities. It is distinguished by its strong international culture.
Required Experience:
Director
Employment Type
Full-Time
