CAT Analytics and Modeling - (F/H)

Description de l'offre

Context

AXA Group Risk Management Property & Casualty (GRM P&C) deals with the most sophisticated P&C challenges of a leading international insurance company, among which the management of natural catastrophe risk (CAT). Natural variability of climate and seismic activity have demonstrated their devastating potential, climate change bringing additional uncertainty for the future.

AXA's rapid expansion – both in terms of geographical footprint and P&C insurance offer – widely exposes AXA to natural perils, being in charge of the financial protection of its clients and helping them live a better life.
In this context, AXA must maintain state-of-the-art CAT risk management techniques through permanent innovations.

Group Risk Management

AXA GRM brings together high level and multidisciplinary staff with engineers, actuaries and financials split between Paris, Zürich and Madrid. Its main missions are focused on the following key areas:
· analyse, model and aggregate the Group's risks (economic capital);
· define the process enabling to limit the undertaken risks (risk appetite, assets accumulation, longevity, natural catastrophe...);
· optimize the Group protections (reinsurance, securitization, hedging, etc.).
Job Summary

Position belongs to the GRM P&C CAT & Reinsurance Risk team (15 FTEs) which is organized in three excellence centers (CAT DATA R&D, R&D Modeling and Reinsurance), the CAT Analytics and Modeling will report to the manager of CAT Data R&D under the supervision of Group Head of CAT & Reinsurance Risks.

As part of AXA's Internal Model under the Solvency II framework, the CAT/RI teams are primarily in charge of delivering the annual CAT modeling process, mainly consisting of:
· Collecting CAT exposure data (geographical, physical and financial information) on a per-entity (AXA France, AXA Mexico, AXA Philippines…) and per-location basis (houses, factories, vehicles etc);
· Assessing the risk on a per-entity per-peril basis (cyclones, earthquakes, floods, hailstorms...)
· Estimating the efficiency of the Group Reinsurance covers

The CAT modelling process has strong strategic and operational impacts since it feeds the Economic Capital, Economic Combined Ratio and CAT budget calculations which drives the earnings and the solvency position of AXA Group and determines adequate levels of reinsurance needs, which may boost or hinder profitability. It is also a technical challenge with the data collection of 50 million of complex policies, the parallel use of multiple modeling solutions, and finally the assessment of almost 100 country x peril levels of risk. The CAT Analytics and Modeling will play a strong role in this process such as models evaluations, portfolios management and assess the completeness and accuracy of data for catastrophe modeling purpose.

Going beyond the use of external solutions, AXA Group develops its own suite of internal CAT models. The models are nested in a global and robust workflow, largely automated and auditable. The CAT DATA team widely interacts with R&D Modeling team (in charge of developing internal CAT models), Reinsurance teams (in charge of reinsurance modeling) and benefits from the IT expertise of three additional FTEs (internal consulting). The CAT Analytics and Modeling will have to develop and integrate innovative data products to enhance the CAT risk assessment, be proactive and innovative in the continuous development of new functionalities, and the systematic look for efficiency gains.

Position Responsibilities
· Develop innovative tools for data collection, treatment and modelling
· Develop operational use of satellite products to complete the Group property database and enhance the CAT risk analysis and modeling
· Implement data analytics best-practices to assess the data accuracy and reliability
· Interpretation and effective communication of result;
· Launch and coordinate collaboration with AXA REV teams
· Assess CAT risks for AXA operational entities (CAT Process)
· Provide a technical support to local entities around the collection of their exposure data;
· Assess CAT risks (cyclones, earthquakes, floods, hailstorms) associated to these exposures using dedicated catastrophe modelling tools;
· Adapt the current models to the XL business;
· Deliver an AXA view of the gross risk for several entities enabling them to purchase adequate reinsurance in line with their risk appetite;
· Infuse, diffuse and leverage CAT expertise
· Support the P&C risk assessment related to CAT risks (Parametric insurance, Real Disaster Scenarios);
· Participate in the Group's response to climate risks and their evolutions, within its corporate responsibility framework;
· Foster collaboration with research laboratories and academic work.

Profil recherché

Qualifications :

Position Requirements

The candidate will have a solid scientific background together with strong inter-personal skills allowing him / her to evolve in a highly exposed and international environment.

·  Professional and technical skills
·  Phd/Master's Degree/Engineer in hazard related subject, mathematics or statistics;
·  Robust data treatment skills: collection, transformation and mining;
·  Strong problem-solving skills and keen attention to detail;
·  Interest in the business fields related to (re)insurance;
·  French and Business English – fluent (spoken and written);
·  2-5 years' experience in a relevant field.
·  Interpersonal skills
·  Analytical skills / Ability to evolve in a diverse technical environment;
·  Team work / project management abilities;
·  Motivated by an international and dynamic environment;
·  Autonomy.