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.
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:
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:
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. Whilst reinsurance offers ability to annually reshape risk towards Risk Appetite, sound selection at point of underwriting offers ability to continuously shape the risk from the source. For this purpose, the team has built a powerful GIS (Geographical Information System) WebApp solution which brings together our data, science, and technology assets into for site or bulk analysis of underwriters and risk managers within entities. In partnership with AXA Group Operations (IT center of excellence), the team has built over years several strong in-house IT applications to take natural perils risk management challenges separately (exposure, modeling, aggregation, netting down, single-site pricing, GIS). Reaching the next level requires to assemble this set into a modular ecosystem that will enable the rise of new capabilities.
The CAT Risk Analyst widely interacts with the Data Analytics & Aggregation teams (in charge of monitoring accumulation and delivering appropriate applications for technical pricings to support CAT underwriting), the R&D Modeling and Reinsurance teams (in charge of ceded reinsurance modeling) and benefits from the IT expertise of FTEs (internal consulting). The team is looking for a highly motivated and versatile individual to take up this challenge notably delivering Master Data Management and Knowledge Management assets, participating in the development of sophisticated CAT models and operational IT applications, producing detailed CAT risk analysis of AXA Group portfolio exposed to natural events in +200 countries. It will imply weekly collaboration with IT developers, continuous interactions with AXA entities, scientists and analysts on various Natural Hazards and Climate change topics. The selected candidate will be fully onboarded in the team where he will benefit from the close collaboration with junior and senior experts, he 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
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.
These companies are also recruiting for the position of “Risk Management and Compliance”.