Missions
We are seeking a highly motivated and detail-oriented Junior Underwriter / Actuarial Analyst to join our Underwriting team. This entry-level role is designed for a professional with 1-3 years of experience who is eager to learn and contribute to the assessment, analysis, and management of risks associated with travel Assistance and insurance products, with a foundational understanding of actuarial principles. The ideal candidate will support senior underwriters and the business in ensuring profitability, regulatory compliance, and pricing exercise.Dimensions of the role
- The Underwriter will report to the Underwriting Manager
- He/she will interact with Commercial department, Operation/Work force management, Finance, Data, Product, Legal, Captive Manager and other UWs.
- Support Pricing activity, Actuarial, Underwriting and Reinsurance
- Preparing analysis, evaluating Assistance, Insurance and reinsurance quotes.
- Work to approve the coverages requested within specified underwriting authority, either as submitted or on a modified basis, or decline the risk in its entirety; refer to recommended action if risk exceeds underwriting authority.
- Identify and suggest creative underwriting solutions through knowledge of various options, Reference Based Pricing vendors.
- Prepare pricing models according to guidelines and operating procedures
Risk Assessment & Underwriting Support:
Assist in evaluating travel insurance applications, collecting data, and supporting risk exposure assessment.
Help analyze financial, medical, and travel-related information to inform underwriting decisions.
Learn and apply underwriting guidelines consistently under supervision.
Policy Management Support:
- Support the issuance, renewal, and modification of travel insurance policies.
- Assist in monitoring claims trends and loss ratios, providing data for underwriting strategy adjustments.
- Collaborate with claims and actuarial teams to gather data for optimizing pricing and coverage.
- Assist the actuarial team with data collection, validation, and preliminary analysis for pricing and reserving.
- Support the development and maintenance of actuarial models under guidance.
- Contribute to experience studies and profitability analysis for travel insurance products.
- Learn and assist in ensuring all underwriting activities comply with regulatory and legal requirements in relevant markets.
- Stay informed about changes in insurance regulations and support the team in adjusting underwriting practices.
- Participate in data gathering for audits and compliance reporting.
- Assist in gathering data on market trends and competitor offerings to identify opportunities for product enhancements.
- Support the analysis of insights and recommendations for developing new travel insurance products and features.
- Contribute to the development of underwriting strategies to maintain a competitive edge.
- Identify and suggest minor areas for operational efficiencies and contribute to process improvements within the underwriting and actuarial functions.
- Learn to leverage technology and data analytics to enhance underwriting accuracy and speed.
AXA Partners is AXA’s global entity dedicated to co-building and distributing with partners simple, customer-centric, and innovative solutions that combine insurance, assistance, and other value-added services.
As an integral part of the Group Innovation unit, AXA Partners also plays a key role in the deployment of disruptive solutions emerging from this innovation ecosystem.
The combination of both missions’ positions AXA Partners today as a key pillar of AXA’s Payer-to-Partner strategy.
With the support of operating units established in 39 countries, our more than 9, 000 employees are at the service of our customers anywhere, anytime.
In 2020, AXA Partners’ revenues reached €2.98 billion
Profil recherché
Qualifications & Experience:- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Business, or a related quantitative field.
- 1-2 years of experience in an insurance, underwriting, or actuarial support role, or a related field.
- Foundational understanding of travel insurance products, policies, and market dynamics, or a strong willingness to learn.
- Familiarity with data analysis tools (e.g., Excel, Power BI) and an eagerness to learn underwriting/actuarial software.
- Awareness of regulatory compliance principles and best practices.
- Excellent analytical and decision-making skills.
- Strong negotiation and relationship-building abilities.
- Effective communication and presentation skills.
- High attention to detail and organizational skills.
- Ability to work independently and as part of a team in a fast-paced environment