Insurance Risk Lead, Capital Modeling

AIG; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Join a global market leader as an Insurance Risk Lead in Capital Modelling. The role involves enhancing risk quantification methods, collaborating with business partners, and managing key responsibilities in economic capital modeling. AIG offers a comprehensive benefits program focused on health, wellbeing, and professional development.

Benefits

Comprehensive healthcare benefits

Financial security programs

Professional development opportunities

Qualifications

• Experience in Insurance Risk measurement within General Insurance.
• Proficiency as an Economic Capital Modeller with stochastic modelling expertise.
• Strong leadership, coaching, and mentoring abilities.

Responsibilities

• Quantify insurance risk inputs, reviewing data accuracy.
• Lead updates of non-cat Insurance Risk calibration across teams.
• Communicate results to stakeholders and train in risk-based decision-making.

Skills

Leadership

Communication

Project Management

Quantitative Analysis

Education

Experience in Insurance Risk measurement

Proficiency as an Economic Capital Modeller

Knowledge of Solvency II regulation

Job description

Insurance Risk Lead, Capital Modeling

Apply locations: London | Time type: Full time | Posted on: Posted 30+ Days Ago | Job requisition id: JR2500743

Join us as an Insurance Risk Lead in our Capital Modelling team to advance your career with a global market leader.

Make your mark in Capital Modelling

Economic capital is increasingly important at AIG, supporting capital management, risk management, budgeting, strategy, and pricing. It guides risk-return trade-offs and informs risk-aware business decisions aligned with corporate objectives.

How you will create an impact

This role offers an excellent opportunity to enhance methods and update calibrations for Insurance Risk, consolidating approaches for AIG’s Group and Local Economic Capital Models. The role aims to deepen understanding of volatility and risk quantification within the business, facilitating collaboration with business partners.

This position involves high-level communication and collaboration with internal stakeholders, including Actuarial, Underwriting, ERM, and Finance teams.

Key responsibilities include:

• Quantify insurance risk inputs, reviewing data provided by other teams for accuracy.
• Lead updates of non-cat Insurance Risk calibration across North America and International teams.
• Update AIG’s statistical Man-Made Cat models used for the group Economic Capital model, seeking convergence with local methods.
• Maintain models and methods for measuring non-cat Insurance Risk.
• Develop new methodologies and metrics for emerging risks and business changes.
• Communicate results to stakeholders and train them in risk-based decision-making.
• Empower first-line actuaries to incorporate risk quantifications into pricing and business discussions.
• Create presentations demonstrating risk quantification tailored to specific lines of business.
• Prepare and present Insurance Risk reports to working groups and Risk Committees.
• Design testing frameworks, including back-testing and sensitivity analysis, and coordinate with the Internal Model Validation team.
• Maintain logs, reports, and documentation for internal and external review.

What you’ll need to succeed

• Experience in Insurance Risk measurement within General Insurance.
• Proficiency as an Economic Capital Modeller with stochastic modelling expertise.
• Experience managing large projects with resource allocation and deadline management.
• Strong leadership, coaching, and mentoring skills.
• Excellent qualitative and quantitative quality control skills.
• Effective communication skills for stakeholder presentations and report writing.
• Knowledge of Solvency II regulation and related regimes.

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Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. Our Total Rewards Program offers comprehensive benefits focused on health, wellbeing, financial security, and professional development.

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AIG is a global leader in insurance solutions, committed to innovation and community support. We invest in our people through continuous learning and foster an inclusive culture that celebrates diversity.

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We promote inclusion through flexible work, diversity initiatives, and Employee Resource Groups. We are dedicated to equal opportunity employment and providing accommodations for applicants and employees with disabilities. For accommodations, contact: [e-mail].

Functional Area: RK - Risk

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