Analyst, CAT Modelling

AXA Global Business Services; Bengaluru; On-site; INR 900,000 - 1,400,000; Full time

Benefits offered by this job

Five Business Resource Groups

Flexible Working Arrangements

Enhanced family-friendly leave

Diversity Best Practices Index

UK Women in Finance Charter

Job summary

AXA XL in Bengaluru, Karnataka seeks an Analyst for CAT Modelling to support global stakeholders with analytical models and data preparation.

You will learn CAT modeling guidelines, work with underwriting teams, ERM, and pricing tools, and translate insurance terminology into modelling inputs while maintaining accuracy and timely delivery.

Qualifications

• Experience in corporate insurance or CAT modelling preferred.
• Strong numerical and analytical abilities.
• Ability to work with large data sets and complex instructions.
• Excellent communication with underwriters and ERM.

Responsibilities

• Learn CAT modeling guidelines and adhere to them while processing accounts.
• Gain know-how on AXA XL business lines to perform tasks accurately.
• Process pre- and post-bind risk modeling tasks using appropriate applications.
• Translate bound package terms into modeling inputs and prepare exposure data.
• Understand insurance terms like Ground Up Loss, Gross Loss, AAL, etc.
• Support underwriting with Pricing decisions and data capture in Pricing Tool.
• Communicate with Underwriters and ERM to resolve queries.
• Use workflow and time-tracking tools for reporting.
• Participate in internal projects and improvements with ERM.

Skills

Numerical ability

Analytical mindset

Attention to detail

Communication skills

Education

MBA in Insurance

PG Diploma in General Insurance

Advanced Diploma in Insurance

Associate in Insurance

CERT CII

Job description

AXA XL is an Equal Opportunity Employer.

Analyst, CAT Modelling

Bengalulru, Karnataka, India

To provide CAT model ling support to global stakeholders using analytical models developed by external providers to calculate losses pertaining to natural and man-made peril s.

What youll be DOING

What will your essential responsibilities include

• Learning Catastrophe (CAT) Modeling guidelines and e nsur ing adherence to them while processing accounts.
• Getting detailed know-how on the specific lines of business written at AXA XL in order to understand the tasks you perform.
• Undertak ing the processing of various pre and post bind risk modeling tasks via usage of the appropriate application with adherence to the set accuracy, timeliness and productivity goals. The choice of application will vary depending on the product.
• Analysing the bound package terms/conditions and translating them into the modeling application. Gathering and preparing exposure data to input into the model.
• Would be required to understand/ apply the conceptual knowledge of various insurance terminologies like Ground Up Loss, Gross Loss, Client Loss, Occurrence Exceedance Probability, Loss ratio, AAL (Average Annual Loss),etc. while handling risk modeling request s and would in turn be required to respond back to the branch for queries regarding any variations on year-to-year basis. Might be required to interpret modelling results as well.
• Support underwriting with Pricing decisions, thereby learning and correctly capturing the data in Pricing Too l, as and when applicable.
• Communicating with Underwriters and ERM to help resolve queries.
• Using workflow and time-tracking tools to ensure proper work organisation and reporting.
• Constantly challenging existing processes and looking for improvement opportunities. Participating in internal projects/common initiatives together with ERM.

You will report to Assistant Manager.

What you will BRING

Were looking for someone who has these abilities and skills:

Required Skills and Abilities

• MBA in Insurance.
• PG Diploma in General Insurance.
• Advanced Diploma in Insurance.
• Associate in Insurance.
• CERT CII.

Desired Skills and Abilities

• Graduate in any discipline, preferably in Mathematics, Finance, Economics or Accounting.
• Relevant years of experience in a corporate environment.
• Good MS Excel (vlookups, pivot tables, formulas). Knowledge of VBA will be an asset.
• Sound n umerical ability and analytical mindset, inquisitive mind.
• Ability to work with large amount of data, complex instructions and multiple exceptions.
• Good organization skills and excellent attention to detail.
• Good people skills, communicative and open to new challenges.
• Fluent English (+other language if required).

Who WE are

AXA XL, the PC and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we dont just provide re/insurance, we reinvent it.

HowBy combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at

What we OFFER

Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. Thats why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. Its about helping one another and our business to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at .AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XLs Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

Were committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called Roots of resilience, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society are essential to our future. Were committed to protecting and restoring nature from mangrove forests to the bees in our backyard by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We''re building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. Were training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action:We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XLs Hearts in Action programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day the Global Day of Giving.

For more information, please see axaxl.com/sustainability.