Insurance Risk Modeling Senior Risk Analyst

Join us as Insurance Risk Modelling Senior Risk Analyst

Make your mark in Risk Modelling

Reporting to the Head of Insurance Risk Modelling you will support the development calibration testing and enhancement of AIGs Insurance Risk capital models and associated business uses. The primary focus of the role is the quantification of non-catastrophic Insurance Risk including Reserve Risk and Premium Risk within AIGs Economic Capital Models. A significant component of the role involves the development and application of stochastic actuarial techniques to estimate the full probability distribution of unpaid claim liabilities. This involves end to end processes from methodology coding data gathering model execution assumption setting measurement testing and communication of results to business stakeholders.

The role has a broad range of exposure supporting both Solvency II models for UK and European entities Canada Bermuda Japan and Group Economic Capital Models. The models are used both for regulatory capital requirements and for internal uses such as capital allocation and inputs to technical pricing.

How you will create an impact

The role works closely with actuarial risk management underwriting and finance teams across AIGs global operations. It is ideally suited to a candidate with strong interests in capital modelling Insurance Risk statistical methods and coding.

Responsibilities

• Develop stochastic actuarial models and applications for non-catastrophic Reserve and Premium Risks including AIGs existing in-house models and advancement of related actuarial techniques.
• Calibration of Insurance Risk parameters within AIGs Internal Capital Model. Includes both line of business volatilities and cross-line correlations. Analyse historical claims and underwriting data to develop model assumptions and parameters.
• Translate business requirements into analytical solutions and model specifications.
• Perform testing sensitivity analysis benchmarking and validation of model results.
• Support business partners in understanding Insurance Risk capital requirements and model outputs.
• Communicate analytical approaches and results to both technical and non-technical audiences.
• Maintain model documentation and support governance validation and review activities.
• Respond to ad hoc requests relating to Insurance Risk and capital analysis.

• Experience working with programming languages such as Igloo Python R VBA MATLAB or similar quantitative tools.
• Strong analytical problem-solving and critical-thinking skills.
• Ability to evaluate model assumptions data quality and reasonableness of results.

What youll need to succeed

• Experience in insurance actuarial capital modelling or quantitative risk management.
• Experience applying stochastic modelling techniques within Property & Casualty insurance or related areas.
• Understanding of reserving pricing Insurance Risk economic capital modelling and risk aggregation principles.
• Proven proficiency in mathematical statistical actuarial and quantitative methodologies.
• Knowledge of Solvency II and related insurance capital regulatory frameworks is advantageous.
• Progress toward an actuarial qualification is desirable but not required.
• Degree in Actuarial Science Statistics Quantitative Finance Data Science or Mathematics.

#LI-AIG

At AIG we value in-person collaboration as a vital part of our culture which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG our people are our greatest asset. We know how important it is to protect and invest in whats most important to you. That is why we created our Total Rewards Program a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most far-reaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG you can go further to support individuals businesses and communities helping them to manage risk respond to times of uncertainty and discover new potential. We invest in our largest asset our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIGs greatest assets and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories.

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