Job title: P&C Product Actuary
Job type: Permanent
Emp type: Full-time
Industry: Insurance
Expertise: Actuarial
Skills: Pricing P&C Product management Fleet Non-life Motor
Location: Paris, France
Job published: 18/09/2020
Job ID: 32691

Job Description

Our client, an insurance company, is looking for a P&C Product Actuary to strengthen its Technical Department. He/She will join the P&C Actuarial team, in charge of the technical design, the pricing and reserving of P&C products. However, the future P&C Product Actuary will mainly focus on actuarial studies related to Automotive products (individual and fleet insurance).

 

The future P&C Product Actuary will more specifically have the following responsibilities:

 

Design and pricing of Casualty products:

  • Carry out technical pricing studies in the context of the creation of new products or guarantees, or the evolution of existing products,
  • Contribute to the definition of offers in the context of the creation of new products or guarantees,
  • Participate in tenders’ documents on the technical side,
  • Propose and assess scenarios for pricing evolution as part of the definition of the annual pricing policy.

Calculation and management of technical provisions:

  • Deterministic estimation of ultimate claims expenses and technical reserves by product, guarantee and underwriting year within the framework of monthly accounting closures,
  • Analysis of the claims experience and production of studies within the framework of the various committees,
  • Projection of future claims by product within the framework of budget and landing simulations.

Monitoring and analysis of portfolios:

  • Defining and implementing technical steering indicators (in collaboration with the Technical Support) in the context of launching new products or guarantees,
  • Analyse the indicators of claims experience (frequency, average costs, C/P, severe claims, etc.)

 

Profile

  • Master’s degree in Actuarial Science, Statistics or Econometrics,
  • Ideally qualified by the Institute of Actuaries,
  • At least 4 years of experience in the Non-Life actuarial sector,
  • A prior experience with fleet insurance products is a big asset,
  • Good command of pricing actuarial techniques (such as GLM and GAM),
  • Good knowledge and command of deterministic reserving methods (Chain Ladder, Bornhuetter-Ferguson, average cost, loss ratio…)
  • Good command of the following tools : Word, PowerPoint, Excel (ideally VBA), and SAS (client/server mode, BASE/STAT/MACRO modules).
  • Analytical thinking and strong communication skills,
  • Team spirit and strong interpersonal skills,
  • Ability to meet deadlines,
  • Fluency in French.
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