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Your work environment

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Context

AXA Group Risk Management Property & Casualty (GRM P&C) deals with the most sophisticated P&C technical and actuarial challenges of a leading international insurance company, among which the management of natural catastrophe risks (CAT). Natural variability of climate and seismic activity have demonstrated their devastating potential, climate change bringing additional uncertainty for the future. AXA’s rapid expansion over the last years – both in terms of geographical footprint and P&C insurance offer – widely exposes AXA to natural perils, being in charge of the financial protection of its clients. In this context, AXA must maintain state-of-the-art CAT risk management techniques through permanent innovations.

AXA GRM brings together high level and multidisciplinary staff with engineers, PhDs, actuaries, data scientists and financials split between Paris, Hong Kong, Zürich and Madrid. Its main missions are focused on the following key areas:

• develop and maintain models and tools in an efficient and strong IT ecosystem to industrialise deliverables;
• analyse, model and aggregate the Group’s risks (economic capital);define and implement the process enabling to secure the undertaken risks (risk appetite, assets accumulation, longevity, natural catastrophe ...);
• optimize the Group protections (reinsurance, securitization, hedging, etc.) to meet the desired strategy.

Job Summary

Position belongs to the Group P&C Risk Management Natural Catastrophe and Reinsurance team (21 FTE) which is organized several excellence centers: CAT R&D Modeling, Data Analytics, Accumulation Management and Reinsurance. As part of AXA’s Internal Model under the Solvency II framework, the CAT and Reinsurance team are primarily in charge of delivering the annual CAT modeling process, consisting of:

• Collecting CAT exposure data (geographical, physical and financial information) on a per-entity (AXA France, AXA Mexico, AXA Philippines…) and per-location basis (houses, factories, vehicles etc.);
• Assessing the risk on a per-entity per-peril basis (cyclones, earthquakes, floods, hailstorms...) which feeds the whole downstream chain locally (pricing, budgets, reinsurance decisions, capital modeling)
• Estimating the efficiency of the Group Reinsurance covers
• Developing in-house models, methodologies and applications to support the CAT risk monitoring.

The CAT modelling process has strong strategic and operational impacts since it feeds AXA Economic Capital internal model, the Economic Combined Ratio and NAT CAT budget calculations which drives the earnings and the solvency position of AXA Group. It and determines adequate levels of reinsurance needs, which may boost or hinder profitability. It is also a technical challenge with the data collection of 25+ millions of complex and worldwide policies covering 50+ millions risks, the parallel use of multiple modeling solutions including both physics and machine learning techniques, and finally the assessment of 190 country x peril levels of risk.

Going beyond the use of external solutions, AXA Group develops its own suite of CAT models. The models are nested in a global and robust workflow, largely automated and auditable. In addition, leveraging this Group knowledge and expertise for the business, the team has been developing actuarial frameworks and operational solutions to diffuse CAT model result data, alert and assess live event impacts across the world.

The CAT Data Engineer & Claims Analyst will focus on the key challenge of building’s vulnerability which is one of the three basic modules of catastrophe models (exposure, hazard, vulnerability), to reinforce the R&D modeling ambitions for the development of various in-house CAT models. The primary mission will be to build sound data foundations and to grow technical capabilities to meet this challenge. The CAT Data Engineer & Claims Analyst widely interacts with AXA entities, the Group R&D Modeling, Data Analytics and Aggregation teams and benefits from the IT expertise of FTEs (internal consulting). It will imply weekly collaboration with AXA entities, IT developers and continuous interactions with scientists and analysts. The selected candidate will be fully onboarded in the team where he will benefit from the close collaboration with junior and senior experts and will be the group referent of designated P&C operational entities on natural perils’ aspects (notably the annual CAT modeling process).

This position offers a great exposure across the Group, supporting different functions among entities, on a highly valued segment while working on innovative solutions and dealing directly with insurance challenges, on the domain of Climate Change and Natural Hazards.

Position Responsibilities

• Develop and implement vulnerability models for natural hazard damages
  • Create CAT claim collection process from AXA entities following natural hazard events;
  • Design and implement a solid data scheme to gather, standardize and build a homogeneous claim database at Group level, ensuring compliance with security constraints and data privacy (GDPR)
  • Design and implement internal procedures to verify and ensure appropriate data quality assessment for natural hazard damage modeling;
  • Develop buildings’ vulnerability modules and implement civil engineering methods to model property damages exposed to natural hazards
  • Gather historical events’ referencing and loss modeling;
  • Analyse and study resilience strategies for buildings’ vulnerability adaptation to natural hazards and extreme events in the context of climate change
  • Participate in the Group’s response to climate risks and their evolutions, within its corporate responsibility framework;
•  Assess CAT risks borne by AXA entities exposed to natural events
  • Provide a technical support to local entities around the collection of their exposure data;
  • Assess CAT risks (cyclones, earthquakes, floods, hailstorms, droughts, wildfires) associated to these exposures using dedicated catastrophe modelling tools;
  • Deliver an AXA view of the gross risk for AXA entities, enabling them to purchase adequate reinsurance in line with their risk appetite;
  • Participate in the Group Reinsurance mechanism and estimate the impact at local and group level buildings’ vulnerability modeling for Natural Hazard damages.

Vous rejoignez une entreprise :

-    Responsable, vis-à-vis des personnes, y compris ses employés et ses clients, et de la planète. -    Aux valeurs fortes-    Qui encourage la mobilité interne, et la formation de ses employés-    Qui vous offre de nombreux avantages (en savoir plus ici : Reward & Benefits - french | AXA Group)-    Flexible, qui permet le travail hybride, au bureau et à la maison.

Les informations fournies par les candidat(e)s seront traitées de manière strictement confidentielle et utilisées uniquement à des fins de recrutement.

The candidate will have a solid scientific background together with strong inter-personal skills allowing him / her to evolve in a highly exposed and international environment.

• Professional and technical skills
  • Master degree or equivalent in relevant field (civil engineering, natural hazards, applied maths, actuary);
  • Civil Engineering knowledge/experience is a plus;
  • Robust Data and programming skills: collection, transformation and mining (R/Python, SQL);
  • Strong interest in Climate Change and Natural Hazard science;
  • Interest in the business fields related to (re)insurance;
  • French and Business English – fluent (spoken and written);
  • 4 years experience in a relevant field.
•  Interpersonal skills
  • Analytical skills / Ability to evolve in a diverse technical and operational environment;
  • Team work / Project management abilities / Entrepreneurial spirit and ambition to drive change;
  • Strong communication skills
  • Motivated by an international and dynamic environment;
  • Curiosity to learn about the insurance industry and actuarial science;
  • Autonomous and self-confident as point of contact on technical matters.