Our client, an insurance company, is looking for a Non-Life Pricing Actuary to strengthen its Technical Department.
The Non-Life Pricing Actuary will contribute to the economic performance of the company through the production of bespoke business pricing, monitoring of the portfolio and its recovery, and the production of turnover and claims forecasts.
He/she will also carry out actuarial and statistical studies in order to make pricing assumptions more reliable and to respond to ad hoc studies from clients or company management.
More specifically, the tasks of the future actuarial research officer will be as follows :
Risk analysis and pricing
- Analyse of quotation requests (context, risk assessment) and prepare the technical-commercial tariff by using existing statistical data or by proposing models adapted to the risks to be covered. He/She provides a price that covers structural costs and achieves the level of profitability defined in the company's objectives.
- Builds and updates pricing models for offers with standard processes and target populations with homogeneous characteristics.
- Develops its pricing in line with the Group's underwriting policy, both in terms of risks to be avoided and in terms of compliance with delegation levels. Contributes to the development of underwriting guides and their evolution.
- Produces monthly operating accounts for all contracts coming up for renewal, which are used as a basis for discussion at the Profitability Monitoring Committees with the aim of deciding on the actions to be taken during renegotiation (rate increase, termination, recovery, initiation of litigation, etc.).
- Carries out statistical studies on specific accounts to explain trends in claims and support requests for rate increases or propose changes in cover to return to profitability.
- Identifies and alerts on high deficit accounts and follows up on the actions in progress to turn them around.
- Builds projections for targets, budgets and plans for turnover data and claims costs based on analysis of actuals and trend assumptions.
Analysis and projects
- Participates in the various studies and cross-functional projects of the Technical Department in collaboration with the various teams (sales, finance, management, holding, etc.)
- Identifies and proposes subjects for continuous improvement in the department's activities or across the board.
- Master’s degree in Actuarial Science, Mathematics or in another quantitative field,
- 3 to 5 years of experience in the P&C insurance sector, or in a consulting firm (audit or actuarial),
- Knowledge of financial insurance (profitability management, etc.) is an additional asset,
- Ability to develop non-life pricing modelling tools,
- Analytical thinking and ability to use data to optimise its value,
- Team spirit and pedagogy,
- Ability to take initiative and autonomy,
- Good communication and stakeholder management skills,
- Fluency in French,
- Good command of English.