About this role
The position will be based in Whitehouse Station NJ and supports Chubb’s Personal Risk Services (PRS) Division, a provider of Homeowners, Automobile, Umbrella, and Rec Marine insurance products to individuals. The PRS Actuarial team is responsible for providing the financial analysis necessary for Chubb to sustain profitability and maintain a competitive position within the personal lines market. Expect significant interaction with Product Management, Data Sciences, State Filings, and IT, as well as contact with our Corporate Actuaries, Underwriting, and Claims.
MAJOR DUTIES & RESPONSIBILITIES:
Supervising a team of five actuarial analysts.
Overseeing development and implementation efforts for the Homeowners By-Peril rating plan using the “Radar Live” software application by working closely with other areas of PRS (ex: Product Management, I/T, Data Sciences, Offshore Actuarial, etc.).
Ensuring that appropriate testing plans, governance controls and recovery structures are in place as it pertains to the actuarial-owned components of the rating plan(s).
Driving long term PRS strategy to externalize “legacy” Homeowners and Valuable Articles rating plans into more modern platforms.
Oversee production support and maintenance of existing models.
Partnering with Actuarial colleagues to develop other use cases for RADAR beyond pricing proposal development and implementation.
Producing state-level Homeowners rate indications and presenting key findings to Actuarial and Product Management.
Collaborating with Product Managers to develop pricing strategies; quantifying the expected rate and profitability impacts of such initiatives.
Providing thought leadership in the advancement of actuarial and rate implementation techniques employed by the unit.
Providing actuarial support for rate filings.
Participating in the annual countrywide Profitability Study and other Homeowners strategic projects.
Providing prompt responses to business requests and operational demands.
Other facts
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
Chubb Life Hong Kong is the international life insurance division of Chubb, establishing its presence in Hong Kong since 1976. To meet the financial protection and wealth management needs of its broad range of customers, Chubb Life in Hong Kong (Chubb Life Insurance Hong Kong Limited) offers a range of life protection, savings, accident and health insurance solutions through agents and brokers. The company has been a recipient of various awards for marketing, product innovation and commitment in corporate social responsibility.
安達為全球領先的保險公司，業務遍及54個國家及地區。安達為不同行業的客戶提供商業及個人財產和責任保險、個人意外及醫療輔助保險、再保險及人壽保險等。公司的優越之處在於其多元化的產品及服務範圍、廣大的分銷能力、超卓的財務實力、出眾的理賠專業知識及營運業務遍佈全球各地。總公司安達有限公司於紐約證券交易所上市（紐約證券交易所：CB），為標準普爾500指數的成份公司。安達於蘇黎世、紐約、倫敦及其他地方設有行政辦公室，全球僱員人數約40,000名。
安達人壽是安達旗下負責國際人壽保險的分部。於亞洲，安達人壽的業務分佈在香港特別行政區、印尼、韓國、緬甸、台灣、泰國及越南等市場，並在中國設有合資企業。安達人壽自1976年踏足香港，並於2015年在香港特區開展環球財富管理業務。為滿足廣泛客戶的財務保障及財富管理需求，安達人壽香港（安達人壽保險有限公司）透過保險代理團隊及保險經紀提供一系列的人壽、儲蓄、意外和醫療保險方案。
What you'll do
- The AVP Actuary will supervise a team of actuarial analysts and oversee the development and implementation of the Homeowners By-Peril rating plan. The role involves collaborating with various departments to ensure profitability and competitive positioning in the personal lines market.
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