This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.
Job Description – North American Cyber Insurance Pricing Lead
Title: North American Cyber Insurance Pricing Lead
Reports to: Global Head of Cyber Pricing
Department: Insurance Actuarial
Location: New York
Job Summary:
The Pricing team has responsibility for developing consistent pricing practices across the AXIS Insurance segment and is primarily responsible for pricing, product and portfolio monitoring and construction, profitability studies, new business / product development, price adequacy metric development and monitoring, and business planning. It is expected that the Pricing team will interact extensively with other functions including Underwriting, Reserving, Risk and Group Underwriting Analytics (GUA).
The Cyber Practice is responsible for providing pricing support to all cyber insurance business written by US, Canada and London offices.
This role has overall responsibility for providing pricing support on US and Canadian business, and may be asked to assist with London-based business as well.
Key Responsibilities:
• Develop/maintain pricing models and train underwriters to ensure a consistent approach across the US and Canada
• Deliver quarterly product monitoring (profitability) analyses for to identify any potential issues and / or business opportunities, and assist underwriters in developing subsequent action plans & strategy
• Assist underwriters as needed in the evaluation of large account or facilities pricing
• Derive expected loss ratios for financial planning taking into account business strategy, market conditions, mix of business, trends and reinsurance structure
• Work with Cyber Portfolio Management Lead to ensure risk / accumulation potential is evaluated appropriately for and allowed for in pricing metrics
• Work with Ceded Reinsurance to produce information for reinsurance submissions and present information as needed to reinsurers / brokers
• Report accurate and up to date rate monitoring data and advise on the impact of emerging rating trends on underwriting strategy
• Recommend and assist with the implementation of more comprehensive data capture as needed to support monitoring
• Lead team of analyst(s), rotational graduates and interns
Required Qualifications, Skills & Experience
• At least 10 years’ insurance industry experience – pricing experience preferable
• Fellow or Associate of the Casualty Actuarial Society or equivalent
• Knowledge of cyber as a product and / or a peril preferred
• Excellent communication and interpersonal skills, able to establish credibility with both internal and external stakeholders
• Thoroughness, attention to detail and diligence
• Self-starter, proactive and with the ability to develop, recommend and implement new approaches
• Competent user of Excel, Word, PowerPoint, SQL, VBA
For this position, we currently expect to offer a base salary in the range of X to Y (NY), [X to Y (GA), X to Y (CA)]. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.
In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Where this role is based in the United States of America, this role is [Exempt/Non-Exempt] for FLSA purposes.
This posting is for an existing vacancy.
