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Job description

Functional Area:
RK - Risk

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd

The AIG catastrophe management function is one of the largest in the industry, and employs over 100 professionals worldwide across multiple geographies. Day to day pricing and roll-up is carried out at our Centre of Excellence (CoE) in Bangalore, India, and our Corporate Catastrophe Management Group and R&D Groups are based in New York and Philadelphia. Effective Catastrophe Management is integral to the success of the business and our catastrophe modellers play a critical role in managing our global risk appetite.

The Regional Catastrophe Management Teams act as a conduit between the CoE in Bangalore, and the Underwriting, Risk, and Actuarial functions in London and across UK & Europe. The primary responsibility of this role is to act as the catastrophe business partner, for all of our insurance business written out of UK & Europe. The business will primarily be Commercial Property and Onshore Energy, but will also include other lines. The role will have direct line management responsibility for one catastrophe risk analyst in London, and provide oversight to an experienced 3 member portfolio modelling team at the CoE.

Duties:
  • Own the relationship between the catastrophe modelling team and the UK & European Underwriting functions, providing advice and data driven insights that will support underwriting decisions
  • Work closely with actuarial, claims, and other functions, integrating catastrophe modelling insights into day to day business, and portfolio optimisation strategies
  • Manage the roll out of new systems, models, model upgrades and view of risk changes, across the UK & European business
  • Be heavily involved in local and global model validation exercises - engaging with corporate R&D, brokers, and model vendors, as appropriate
  • Be a best practices expert for the team in London, the CoE, and operational groups across the company. Proactively review and propose new or changes to, and play a key role in developing our systems, processes, and strategies
  • Deputise for the Regional Catastrophe Manager on internal model and regulatory tasks, playing a key role in ensuring effective and timely regulatory reporting to our internal and external stakeholders
  • Continuously engage with the wider AIG regional (APAC and USC) and corporate catastrophe functions, in building out AIG's global catastrophe management strategy


Technical Skills and Expertise
  • 6+ Years of catastrophe portfolio modelling experience
  • Hands on and technical understanding of at least one vendor model (RMS preferred)
  • Strong analytical and problem solving skills
  • A grasp of core (re)insurance concepts, as well as a strong business acumen or a desire to develop this
  • Excellent SQL skills and a thorough understanding of vendor model data structures
  • An additional programming language (R/Python/VBA) or GIS skills would be a bonus
  • An interest in the science of catastrophe modelling, and an ability to document concepts, model reviews, and model validation as required
  • An ability to communicate technical concepts in a non-technical manner, to a wide range of audiences
  • Excellent communication, presentation, and interpersonal skills
  • Effective time management skills and a willingness to work on multiple projects with multiple stakeholders, in a rapidly changing environment


It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

Learn more about AIG

Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.

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