Senior Insurance Risk Modelling Architect

American International Group, Inc.; Greater London; On-site; GBP 70,000 - 95,000; Full time

Job summary

American International Group, Inc. is seeking an Insurance Risk Modelling Senior Risk Analyst to advance stochastic actuarial models for non-catastrophic Reserve and Premium Risks, calibrate parameters, and support governance across global entities.

The role focuses on Solvency II and economic capital modelling, with collaboration across actuarial, risk, underwriting, and finance teams. Strong coding, analytical, and communication skills are essential.

Qualifications

• 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.

Responsibilities

• Develop stochastic actuarial models and applications for non-catastrophic Reserve and Premium Risks including AIG's existing in-house models and advancement of related actuarial techniques.
• Calibration of Insurance Risk parameters within AIG's 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.

Skills

Analytical thinking

Problem solving

Critical thinking

Education

Degree in Actuarial Science, Statistics, Quantitative Finance, Data Science, or Mathematics

Tools

Igloo

Python

R

VBA

MATLAB

Job description

American International Group, Inc. is seeking an Insurance Risk Modelling Senior Risk Analyst to advance stochastic actuarial models for non-catastrophic Reserve and Premium Risks, calibrate parameters, and support governance across global entities.

The role focuses on Solvency II and economic capital modelling, with collaboration across actuarial, risk, underwriting, and finance teams. Strong coding, analytical, and communication skills are essential.