Analyst – Insurance Pricing
Singapore
The Insurance Pricing Team understands the importance of collaboration and is highly motivated to achieve overall goals. The group is focused on managing the Insurance portfolio to ensure continued profitable growth and developing talent to deliver the best for AXA XL's customers.
The Analyst – Insurance Pricing role will be aligned to the Asia Pacific pricing team and is designed for fresh graduates who are interested in building a career in General Insurance pricing. Prior work experience will be valued but is not required. The role provides an opportunity to develop technical pricing, actuarial, analytical, and stakeholder management skills while working alongside experienced underwriters, management, and actuarial team members.
What You'll Be DOING
Our Pricing Team is involved in a wide variety of projects, including supporting the pricing of large and complex accounts, analyzing delegated authority portfolios, creating and developing pricing tools, and contributing to wider projects such as portfolio management and planning. Our everyday involvement throughout the markets we support helps us influence and shape the performance of the business.
Working as part of a global team, you will support Underwriters, management, and actuarial team members on pricing and portfolio analysis. You will receive guidance and development support as you build foundational knowledge of General Insurance pricing, actuarial methods, data analysis, and commercial decision-making.
What will your essential responsibilities include
- Support the estimation of technical premiums with underwriters on individual insureds, with guidance from actuarial team members.
- Assist with creating, updating, and testing rating models for delegated authority portfolios.
- Support research into the validity of assumptions within global pricing models and help update parameter analysis.
- Prepare and maintain management information to assist underwriters and the management team.
- Assist with analysis for base loss ratio recommendations as part of business and strategic planning exercises.
- Support audits of rate change and profitability measures being recorded.
- Assist with preparing data for external regulator and actuarial review for capital setting and valuation purposes.
- Support the quarterly monitoring process of delegated authority portfolios and prepare summaries for underwriters.
- Learn and apply actuarial pricing techniques, data analysis, and coding tools to support pricing and portfolio management activities.
- Contribute to process improvement, automation, and documentation of pricing tools and analyses.
What You Will BRING
We're looking for a motivated fresh graduate who has some of these abilities, skills, and interests:
- Academic performance, ideally demonstrated through a good GPA in actuarial science, mathematics, statistics, data science, economics, finance, engineering, or a related quantitative discipline.
- Clear interest in General Insurance actuarial pricing and a desire to build a long-term career in the actuarial profession.
- Track record of actuarial exam completion or progress toward actuarial qualifications, such as IFoA, CAS, or an equivalent actuarial body.
- Foundational knowledge of statistics, probability, actuarial modelling, or insurance concepts gained through university study, actuarial exams, projects, or internships.
- Working knowledge of Excel; exposure to SQL, R, Python, or other programming tools would be advantageous.
- Analytical skills and comfort working with data.
- Good written and verbal communication skills.
- Ability to collaborate across teams and build effective working relationships.
- Good organizational skills and ability to manage priorities across multiple tasks.
- Detail-oriented, curious, proactive, and keen to learn and develop.
- Prior experience is welcome but not required; we will also value relevant academic projects, actuarial exam progress, internships, competitions, and self-directed learning.
Who WE Are
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide re/insurance, we reinvent it.
How By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
What We OFFER
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
It's about helping one another — and our business — to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
- Robust support for Flexible Working Arrangements
- Enhanced family-friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Total Rewards
AXA XL's Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We're committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called Roots of resilience, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We're committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's Hearts in Action programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
For more information, please see axaxl.com/sustainability.
