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 race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Job Description – International Cyber Pricing Lead
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, Exposure Management, Finance, View of Risk.
The International Cyber Pricing Lead is responsible for providing pricing support to:
• International – Open Market and Facilities Cyber Liability, Technology Errors & Omissions, Media Liability
• Cyber coverages embedded in other AXIS Insurance products (e.g. business written out of Canada and Bermuda)
This role has overall responsibility for providing pricing support for Global Cyber & Technology business written out of our non-US offices.
Key Responsibilities:
• Develop and maintain pricing models and train underwriters to ensure a consistent approach across the unit
• Deliver quarterly product monitoring analyses to identify any profitability issues and / or business opportunities, and assist underwriters in developing subsequent action plans
• Assist underwriters as needed in the evaluation of large facilities incorporating experience and exposure rating and provide recommendations on optimizing the portfolios
• Evaluate the potential profitability of new facilities and assist underwriters in the development of new portfolio products
• Derive expected loss ratios for financial planning taking into account business strategy, market conditions, mix of business, trends and reinsurance structure
• Work with relevant teams to ensure risk / accumulation potential is evaluated appropriately and allowed for in pricing metrics
Required Qualifications, Skills & Experience
• At least 10 years’ insurance industry experience – pricing experience preferable
• Fellow or Associate of the Institute & Faculty of Actuaries or equivalent
• Knowledge of cyber as a product and / or a peril preferable but not essential
• 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 advantageous