Background on Chubb:

Chubb is a large and successful international insurance business with operations in around 50 countries and serving clients in over 170 countries. In Europe, Chubb writes insurance through two brands: Chubb Europe and Chubb Global Markets, which includes Lloyd’s Syndicate 2488.

The Actuarial function for the European insurance operation broadly consists of three teams: Pricing, Reserving and Catastrophe Risk Management, all under the direction of the European Chief Actuary. Whilst the actuarial positions within the business are dedicated to these areas, there is interaction between the three teams and with the Capital Modelling function.

The role:

The opportunity is based in Paris (Carpe Diem) as part of the Chubb Europe Actuarial Pricing team, reporting into the Continental Europe Senior Casualty Pricing Actuary. The role holder will work on Casualty business (GL, EL and Motor; Primary and XS layers), mainly on the Continental European book (with annual premium over $500m) but may occasionally need to support the UK and Ireland book as well. 

The successful candidate will be responsible for supporting the business through undertaking some of the following:

Pricing individual large risks, to determine the technical premium required to achieve the profitability target. Undertaking ad-hoc analyses to assist underwriters and business leaders. Supporting quarterly business reviews and annual performance reviews, to form the account’s strategy and appraise profitability. Refreshing and maintaining the dashboard, which summarises performance at granular levels. Involved in actuarial development projects as required. Overseeing and reviewing work undertaken by offshore and Paris-based intern resource. Business planning, to set targets and expected performance for the upcoming year. The team also oversees monitoring monthly rate changes, to track the level of rate achieved against target. Parameterising underwriting risk, to assess the capital required to write the account.

They will build relationships with and work alongside underwriters, primarily the ones based in Paris but also across Continental Europe. The Senior Pricing Actuary will rely on them to take ownership of work in key areas listed above – this is key as he is based in London.Background on Chubb:

Chubb is a large and successful international insurance business with operations in around 50 countries and serving clients in over 170 countries. In Europe, Chubb writes insurance through two brands: Chubb Europe and Chubb Global Markets, which includes Lloyd’s Syndicate 2488.

The Actuarial function for the European insurance operation broadly consists of three teams: Pricing, Reserving and Catastrophe Risk Management, all under the direction of the European Chief Actuary. Whilst the actuarial positions within the business are dedicated to these areas, there is interaction between the three teams and with the Capital Modelling function.

The role:

The opportunity is based in Paris (Carpe Diem) as part of the Chubb Europe Actuarial Pricing team, reporting into the Continental Europe Senior Casualty Pricing Actuary. The role holder will work on Casualty business (GL, EL and Motor; Primary and XS layers), mainly on the Continental European book (with annual premium over $500m) but may occasionally need to support the UK and Ireland book as well. 

The successful candidate will be responsible for supporting the business through undertaking some of the following:

Pricing individual large risks, to determine the technical premium required to achieve the profitability target. Undertaking ad-hoc analyses to assist underwriters and business leaders. Supporting quarterly business reviews and annual performance reviews, to form the account’s strategy and appraise profitability. Refreshing and maintaining the dashboard, which summarises performance at granular levels. Involved in actuarial development projects as required. Overseeing and reviewing work undertaken by offshore and Paris-based intern resource. Business planning, to set targets and expected performance for the upcoming year. The team also oversees monitoring monthly rate changes, to track the level of rate achieved against target. Parameterising underwriting risk, to assess the capital required to write the account.

They will build relationships with and work alongside underwriters, primarily the ones based in Paris but also across Continental Europe. The Senior Pricing Actuary will rely on them to take ownership of work in key areas listed above – this is key as he is based in London.

The candidate:

The candidate must be solutions-focussed, and show initiative, embrace ownership of their work and be able to apply actuarial judgment in unfamiliar situations. They need sound technical skills and an eye for detail, as well as the ability to manage multiple tasks and stakeholders. The ideal candidate will:

Be a fluent English speaker, with good written and oral communication skills, and the ability to explain technical issues in non-technical terms Have 1-5 years of hands-on actuarial experience in either Commercial Insurance Pricing or Casualty Insurance (e.g. Casualty Insurance Reserving). Demonstrate excellent problem-solving skillsExhibit strong ownership of tasks and that they take solution-focussed approachesHave good technical and software skills Possess a proven ability to meet deadlines, and manage competing priorities and stakeholders Possess strong interpersonal skills and the ability to work well in a team whilst successfully adapting to change