You are curious, rigorous and you like challenges?
Join the AXA Group Risk Management and the Life team!
The AXA Group, one of the worldwide leading companies in Financial Protection stays along and advises clients (individuals or companies) at each step of their life, answering to their needs in terms of products and insurance services concerning protection, health and savings.
The headquarters of the AXA Group, based in Paris 8th, gather the whole corporate activities of the Group. It coordinates with the different operating entities the group’s strategy and ensures the steering of international projects. The headquarters main characteristic is the important international culture with more than 28 nationalities.
The AXA Group Risk Management brings together high level and multidisciplinary staff with engineers, actuaries and financials split between Paris, Zurich, Madrid and the US.
Its mains missions are focused on the following key areas:
Analyze, model and aggregate the Group’s risks (economic capital and emergence of economic value),
Define the process enabling to limit the undertaken risks (assets accumulation, longevity, natural catastrophe...)
Optimize the Group’s protection (reinsurance, securitization, etc.).
As part of the new Solvency II regulation, AXA has developed its own internal model for the calculation of the economic capital. The GRM Life team is responsible for the developments linked to the Life risks (Mortality, Longevity, etc.) and works continuously on the model’s improvements and on the quantification of these risks.
GRM offers a Life CAT Risk Internship position within the Health and Protection team on the modeling of the whole Mortality risk including shocks by catastrophic events such as pandemic event.
The Mortality risk, mainly by its catastrophic component is equally one of the most important for Life Insurance companies. With the aim of defining its risk appetite, each insurance company has to quantify how it will resist to extreme mortality scenarios such as terrorism, earthquakes or pandemic events. In this respect, GRM Life has a direct contact with the data scientists of the AXA Data Innovation Lab to build the mortality concentration database of the Group (from a data lake of internal data supplemented by external one) as well as with researchers to propose innovative solutions concerning the improvement of the pandemic risk in the internal model.
Within the Health and Protection team your objectives will be defined as follows:
Participate in the building of the Group Mortality Concentration Database using Data Science technics,
Participate to the improvement of the Life Catastrophic part of the internal model mainly on pandemic risk but also on earthquake and terrorism risks
Understand stochastic models of mortality internally developed and be proactive to improve it,
Make a link between the recent studies by researchers on Mortality/CAT risks and Internal Model,
Develop these improvements in internally developed tools and measuring impacts for the AXA Group.
Student in statistics, actuary, engineer, if possible with an IT and Data Science sensitivity,
You enjoy working in an international and a multicultural environment,
You have strong skills in programming and you master at least one of the following languages (or equivalent): VBA, R, Python or C++ along with an excellent knowledge of Excel,
You have strong mathematical knowledge (Stochastic models, Monte Carlo simulations),
You have to be fluent in English (written and spoken language).
Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.
In a fast-evolving world and with a presence in 64 countries, our 165,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 107 million customers.
The headquarters of the AXA Group, based in Paris 8th, brings together the Group's corporate activities. It coordinates the various entities with the Group's strategy, and is responsible for managing international projects. The headquarters has approximately 800 employees and is distinguished by its strong international culture (39 nationalities).