Retail Underwriting Expert

Job description

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Whatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need we’re always there for them. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first.

Your work environment:

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Within the Group, you will join the Group Underwriting Office department (GUO)

The newly created Global Chief Underwriting Office is accountable for establishing, enabling and driving profit and growth through Product Underwriting Strategy, Portfolio Design and Technical Underwriting Excellence in partnership with the AXA Entities, for both Commercial and Retail, through:

• <-- [if supportLists]--> Portfolio Design Steering
• <-- [if supportLists]--> Underwriting Product Strategy and Profitability Measurement
• <-- [if supportLists]--> Technical Underwriting Guidance
• <-- [if supportLists]--> Pricing Models, Platforms and Analytics
• <-- [if supportLists]--> Risk Appetite deployment
• <-- [if supportLists]--> Ceded Reinsurance strategy design and purchasing

Within this Department, you will be part of the team P&C Retail Underwriting (UW).

Your job and daily missions:

The purpose of the P&C Retail Underwriting expert position is to drive technical excellence in retail underwriting with entities worldwide, supporting them in achieving growth and profitability. Your role will be articulated on the following main dimensions:

Technical Underwriting Authority:

• Structuring guidelines, limits & derogations, bringing technical expertise and local specificities.
• Handling “out-of-boundaries” local UW cases referred to the group.
• Performing reviews to control UW adherence, with clear recommendations to be presented at top management.

Performance Measurement & Enhancement:

• Steering markets performance, identifying deviations and ensuring global supervision.
• Launching / monitoring local recovery programs.
• Engaging with entities and follow their business activities
• Providing recommendations for technical improvements.

Underwriting Product Strategy:

• Driving strategic projects aimed at better address our UW approach (NatCAT, Electric Vehicles, …)
• Utilizing internal and external data, including innovative technologies, for underwriting purposes.

The employee will also be identified as key contact for defined Entities / Markets throughout the world and maintaining regular contact with them to develop the relationship, identify and anticipate topics that are likely to evolve as local key concerns.

Main Figures:

• 20+ countries / entities as well as 2 regional hubs (European Market, International Markets).
• €17bn of revenues in scope for P&C Retail business.
• 70+ requests for Underwriting non-authorized business per year, representing GWP ~€2bn.

Context:

The P&C Retail business is a core pillar of the Group in terms of both Underlying Earnings (>33% of total) and customer base (20m+). Although each market AXA operates in has its own dynamics, regulations and challenges, the fundamental requirements and propositions for the retail business are similar, covering at large motor, home and travel insurance.

Desired profile

Qualifications :

Technical & Soft Skills:

·  Strong & proven analytical and concise communication.
·  Autonomous, assertive and strong capacity to influence
·  Ability to work in network, with tight deadlines, team spirit & adaptability.
·  Strong organizational and time management skills.
·  Strong written & oral communication skills.
·  Taste for identifying the explicit & implicit rules of the different insurance markets.
·  English: Oral & written communication skills to easily interact in an international environment.
·  Coding & Data Science Knowledge is a plus

Background & Experience:

·  Strong and Proven Mathematical skills (Master’s in actuarial, Statistics, Engineer, Business Schools, …)
·  Solid P&C Retail business knowledge with at least 3 years of experience in UW / Pricing

You will join:

·  A company with an inclusive culture and a diverse workforce, committed to attract, develop, advance, and retain the most diverse talents, while creating an inclusive culture where everyone can bring their full selves to work and can reach their highest potential.
·  A company with strong values
·  A company promoting internal mobility and the training of its employees
·  A company offering many benefits (learn more here: Reward & Benefits | AXA Group )
·  A flexible company, allowing hybrid work, in the office and from home
·  A responsible company, towards people, including its employees and customers, and towards the planet

As part of your job application, your personal data will be processed by GIE AXA - 23 avenue Matignon 75008 France. For more information about the processing of your personal data, please refer to the candidate information notice ( link ).