Property, Pricing Actuary, Chubb Overseas General

Full Job Description

Do you have previous experience in an actuarial role? 

If you are passionate about developing your skills and progressing your career within one of the largest insurers in the world, then we would love to hear from you!

Chubb Overseas General (COG) is the International (non-US) general insurance operating division of Chubb, in excess of $10 billion of premium.  This division comprises business across EMEA, Asia Pacific, Latin America, Far East and Lloyd’s.

This role is based in London as part of the central COG P&C Actuarial Pricing Team. This team currently consists of actuaries and data analysts dedicated to specific lines of business – Casualty, Property, Financial Lines, Marine, Energy as well as Industry Practices and Outwards Reinsurance.

You will be part of the COG Property Actuarial team covering multiple products including Fire, Construction, Power Generation, Inland Marine and Terrorism across all COG regions. This role reports to the Senior Pricing Actuary for Property who reports to the COG Chief Actuary.
You will have the opportunity to gain an in-depth knowledge of the lines of business you work with and develop your actuarial skills by working closely with the Senior Actuaries as well as the wider Underwriting and Pricing teams. There will also be significant exposure to Senior Management which requires confidence, expertise and excellent presentation and communication skills.

Key Responsibilities

• Rating Models:
  • Maintain, re-calibrate and improve existing rating models. Utilize newly available technology to improve pricing outcomes.
  • Develop additional functionality for exposure, experience and stochastic models.
  • Build intimate knowledge of natural catastrophe modelling and work with CAT team in joint initiatives.
• Portfolio Reviews: 
  • Perform annual profit studies on each line of business to identify areas of opportunity, and help define the line of business strategy for the upcoming year
  • Define best practices to implement across all regions when analysing segments of our portfolio
  • Implement process improvements within existing structures on data preparation, data visualization and presentation
• Portfolio Management:
  • Support annual planning process via coordination with regional actuarial teams
  • Monitor claims reserving levels, large loss notifications and catastrophe loss activity
• Reinsurance: 
  • Support annual renewal process of all externally placed reinsurance treaties
• Rate Monitoring: 
  • Work with regional underwriters and actuaries to best capture price adequacy and rate change on Property lines of business
• Reporting:
  • Support ad hoc requests from senior members of the underwriting and actuarial organization, as well as senior management.