Job Description

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world\xe2\x80\x99s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem- solving skills as you improve how we predict and mitigate risk. Our Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG\xe2\x80\x99s major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries support AIG\xe2\x80\x99s businesses and are responsible for technical pricing, product development analytics and performance measurement. They collaborate with Marketing, Operations and Financial Management.

About the role

What you need to know:

The Individual Commercial Line Actuary for Singapore will provide the actuarial support to the Commercial Line product towers, providing pricing analysis and granular performance monitoring. This position will be responsible for assessment of pricing adequacy, product design and company strategies using Actuarial expertise, for the purpose of ensuring company financial strength, regulatory compliance and meeting profit objectives.

Responsibilities include:

• Perform rate review analysis (rate level indications and segmentation analysis) for Commercial Line products as per agreed schedule
• Enhance the current rate review procedures and develop pricing sophistication
• Assist the development of rate action plans by identifying preferred/questionable segments and implement appropriate changes
• Carry out regular Rater Validation
• Assist underwriter with pricing the Large Account and Scheme business
• Provide loss ratio projections in the budget process and review other budget assumptions for reasonableness
• Ensure budget loss ratio is achieved
• A position for an Actuary who wants to develop well-round skill-set of Commercial Line Business

What we\xe2\x80\x99re looking for:

• Good exposure in general insurance actuarial with Bachelor Degree in quantitative discipline such as Actuarial Science, Statistics, Mathematics or Finance.
• Good progression in Actuarial exams from an international recognized actuarial organization and pursuing fellowship designation.
• Capable of data management. Experience with SQL, R or Python; and predictive modelling a plus.
• Self-starter, ability to discover problems and implement solutions. Excellent analytical and reasoning skills in interpretation of numbers. A strong sense of teamwork and ability to promote cooperation.

#LI-RO1

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission \xe2\x80\x93 creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit:

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to . Reasonable accommodations will be determined on a case-by-case basis.

Functional Area: AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Asia Pacific Insurance Pte. Ltd.

AIG