Overview Actuarial Analyst, Financial Lines
Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
The insurance companies of Chubb serve multinational corporations, mid-size and small businesses with property and casualty insurance and services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeowners, automobile and other specialty insurance coverage; companies and affinity groups providing or offering accident and health insurance programs and life insurance to their employees or members; and insurers managing exposures with reinsurance coverage.
With $150 billion in assets and $37 billion of gross written premiums in 2014* on a pro forma basis, Chubb's core operating insurance companies maintain financial strength ratings of AA from Standard & Poor's and A++ from A.M. Best.
Chubb's parent company is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 30,000 people worldwide.
Chubb is a large and successful international insurance business with operations in 50 countries and serves clients in over 170 countries.
Chubb writes specialty London Market insurance through Chubb Global Markets (CGM) which includes Lloyd's Syndicate 2488. CGM business is international in scope and tends to cover large risks or risks that are exposed to perils, such as Wind Storm and Earthquake, which are beyond the appetite of regional markets.
The role provides an excellent opportunity for a personable, driven graduate who is keen to gain exposure to the pricing and underwriting management function of a London Market insurance operation.
You will be based in Chubb's Leadenhall Street offices in London and will be part of the Actuarial Function for Chubb Global Markets (CGM). You will provide technical support to the Financial Lines Underwriters of CGM, with responsibilities such as:
- Case pricing for risks with significant amounts of historic claims activity;
- Portfolio Management and Risk Selection through the application of technical models;
- Rate Change Monitoring for renewed business.
Underwriting for Financial Lines business is highly technical, relying on detailed claim and exposure data. Underwriters require support in maintaining and analysing this data in order to maximise portfolio profitability.
The role reports to the Senior Financial Lines Pricing Actuary for the region who will provide guidance on the technical matters, the operation of the models and the interpretation of model outputs. The role, however, will be fully embedded in the underwriting team, with the purpose of providing direct support to the underwriters. The underwriters will provide direction on day to day priorities.
The role will suit someone with an actuarial background who wishes to focus on supporting underwriting activity. What can you expect in return from us?
Integrity. Client focus. Respect. Excellence. Teamwork.
- Competitive salary & pension scheme
- 25 days annual leave plus ability to purchase 5 additional days
- Private Medical cover
- Employee Share Purchase Plan
- Life Assurance
- Subsidised gym membership
- Comprehensive Learning & development offering
- Employee resource groups: Gender Equality Network, Abilities & Wellbeing, Social Mobility, Parents & Carers, Pride Network, Cultural Awareness Network.
- Networking, mentoring & development opportunities.
- 1 day annual Charitable leave
- Cycle to work scheme
- Active Sports & social committee
- Employee Assistance program
Our core values dictate how we live and work. We're an ethical and honest company that's wholly committed to its clients. A business that's engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that's collaborative and supportive.
At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances. Work Location:
London - Leadenhall Job Function:
Actuarial Employment Type:
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