Whatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need we’re always there for them. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first.

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.

Within the Group, you will join the Group Ceded Re department which oversees AXA Group Reinsurance.

Within this Department, you will be part of the Reinsurance Reserving team that is responsible of technical reserve calculation for a portfolio of major life and non-life risks from AXA Group entities. Reserving enables to anticipate and cover future claims arising from reinsurance treaties underwritten by AXA SA. Technical reserves must be estimated as accurately as possible based on information on claims, and in particular their development between various phases: occurrence, declaration, payments, and closure.

 About Reserving Team: the team is composed of 5 actuaries of Institut des Actuaires with 2 to 10 years of experience and of different cultures.

Job purpose

This internship is an opportunity to apply and improve your knowledge of statistics, modeling, data analysis, reinsurance and reserving.

With the help of the internship tutor, the intern will implement new models and tools to enable the AXA Group's reinsurance to be properly modeled and monitored.

 Dimension, context & challenges

Context:

One aspect of Reinsurance is a high volatility of covered risks and low frequency of incurred claims. In that context, it is important to be able to identify the different risks and uncertainties that the company could face. This can be done through different risk scenarios (e.g. new claims or development of known claims…).

Challenges:

The aim is to use the most granular claims database available to bring some new analyses and understandings, and eventually to build risks scenarios. Especially, you will use the individual claims information in a reinsurance context.

You will help the team to better understand the data and to better communicate actuarial reserves through meaningful risk scenarios.

 Key accountabilities

The key analysis to be produced:

• Construction of a model which, based on claims data, will be able to produce analyses of frequency and severity, calculation of development patterns and generate scenarios for the development of reserves;
• Allocate the reserves assessed by the reserving team into reinsurance risk scenarios (IBNeR and IBNyR scenarios).

Finally, you can be asked to deploy into the reserving team R shiny app your model for a better visualization.

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.

Main competencies and experience

You have some experience in programming (e.g. R, R shiny or VBA) and in Excel. You have in-depth knowledge of applied mathematics (actuarial science, statistics, …). You are currently in your last year of engineering or actuarial school (e.g. ISUP, ENSAE, ISFA, Dauphine, DUAS, EURIA, …), or performing a master degree in applied mathematics at the university and interested in actuarial sciences.

Decision bodies and committees

You enjoy teamwork, sharing knowledge and information. You are keen to innovate and bring initiatives to new subjects.

Languages

The working language is French within the Team but proficiency in English is required (technical documentation, communication with other teams in the Group, …)