Specialist/Senior Specialist, Reinsurance and Commercial Lines Pricing

Location SINGAPORESTATE, SINGAPORE
Experience level Experienced Hire
Job details sector Finance, Control and Strategy

The Reinsurance and Commercial Lines Pricing team oversees reinsurance reporting/optimization across all business units of AXA, along with pricing actions within the commercial business unit. The team’s scope of work includes the following:

Reinsurance

  • Ensuring that underwriting and product development are aligned with the Reinsurance Management Strategy
  • Coordinating reinsurance strategy discussions with internal business stakeholders
  • Monitoring reinsurance optimization actions and results
  • Engaging AXA Global Re on annual reinsurance renewal exercises
  • Administer reinsurance settlement processes

Commercial Lines Pricing

  • Conducting periodic pricing reviews and building technical pricing frameworks across main product classes
  • Monitoring impact of pricing/underwriting actions on profitability
  • Supporting budgeting and forecasting exercises to ensure that targets are linked to pricing actions
  • Supporting product launches and reviews

 This resource will work on tasks in the area of GI and EB Reinsurance, including the following:

  • Improving the quality of reinsurance data by ensuring that databases are coded accurately
  • Supporting the annual treaty renewal exercise - consolidating risk profile information and exposure data, providing business explanations on portfolio trends, addressing queries from the Group office (AXA Global Re), managing communications with various stakeholders
  • Managing the administration of reinsurance accounts, including compiling and sending regular statements of accounts to various reinsurance counterparties and ensuring that reinsurance balances are settled in a timely manner
  • Facilitating regular reporting requirements such as annual statutory forms and monthly reporting of facultative RI exposures
  • Supporting business stakeholders with other ad-hoc requests such as accumulation queries and RI optimization studies
- Graduate student in actuarial science, economics, statistics, mathematics or equivalent
- Basic knowledge of insurance concepts
- Strong IT knowledge: Excel, VBA, Python (in particular, strong proficiency in Python is preferred)
- Good communication skills and ability to learn on the job
- Prior internship experience is preferred
 
 
 

AXA Insurance is part of the AXA group, a worldwide leader in insurance and asset management, and the world’s leading insurance brand for the tenth consecutive year, with 171,000 employees serving 105 million clients in 61 countries. 

For more information, please visit www.axa.com.sg.


Present in Singapore since 1969, AXA Insurance has been serving the general and life insurance needs of individuals and companies in Singapore through a wide range of innovative products. As one of the top global insurers in Singapore, AXA Insurance protects more than a third of a million customers in Singapore. As a company whose business is about protecting people, AXA Insurance is committed to building a stronger and safer society by empowering customers to live better lives. Discover a stimulating environment, based on excellence on a global scale. Are innovation and initiative important to you? Do you focus on solutions? Are you customer-orientated? We offer a wealth of career opportunities and a wide variety of positions in many fields. We want our employees to enjoy fulfilling careers and keep moving their careers in the right direction, whether at home or across the globe.

Our size and diversity of activities means our people have many opportunities to evolve, by moving roles cross-functionally or internationally, based on their performance and aspirations. At AXA, all work and no play isn’t our way. We’re creating the future with more inclusive, agile work environments. Speak to us to find out more.