Non-Life Risk Officer


Our Organisation

Ageas is an international insurance company with a heritage spanning more than 180 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Hong Kong and UK. It is the market leader in Belgium for individual life and employee benefits, as well as a leading non-life player, through AG Insurance, and in the UK, it has a strong presence as the fourth largest player in private car insurance and the over 50’s market. It employs more than 40,000 people and has annual inflows of more than EUR 32 billion.

For the Non-Life Risk department, based in Brussels, we are in search of a Non-Life Risk Officer (m/f).

Your function

As member of the Ageas Non-life Risk team, you will contribute to the embedding of the non-life UW risk framework within the organisation and you will promote a culture of risk awareness in which each Manager carries out his duty.

More precisely, you will participate in:

  • The further development and implementation of the Internal Model for the underwriting Risk Non-Life;

  • The development and implementation of a non-life Reinsurance and Group Aggregation Models;

  • The creation of non-life group risk reports;

  • The update of the Group Best estimate Manual for Non-Life;

  • The development and implementation of group policies.

You will have to:

  • Provide technical support to operating Companies;

  • Facilitate meetings with the companies on technical discussions to ensure consistency and alignment with Solvency II and group policies;

  • Perform group calculations and analysis and give an opinion on the operating Companies results;

  • Contribute to overall communication, interpretation and presentation of internal and external results;

  • Produce methodological and functional specifications for implementation in Internal Model;

  • Implement model changes

  • Produce documentation, presentations and risk opinions for approval of Non-Life UW Risk methodologies to different governance bodies within the company;

  • Develop documentation for regulators;

  • Get informed on the most recent developments in the domain of the non-life Best Estimate and non-life underwriting risk;

  • Support the Group’s decision making process by ensuring that consistent, reliable and timely risk information is available to the decision makers and using that information to provide independent opinion;

Your profile

  • You have a Master degree in Mathematics, Econometrics, Actuarial sciences, Economics, Certificate in Financial Risk Management or alike;

  • You have obtained at least 3 years of relevant working experience;

  • You have an active knowledge of English - knowledge of French or Dutch is a plus;

  • You have a good understanding of Non-life insurance business

  • You are knowledgeable in:

  • Reserving methods for valuation of the non-life liabilities covering claims and premium provisions

  • Non-life Risk methodology

  • Solvency II Best estimate and standard Model

  • You have experience in the use, implementation or maintenance of calculation-heavy numerical models

  • Your core competences include analytical skills, autonomy, result orientation and risk consciousness;

  • You have cultural awareness and ability to work in team with people with different backgrounds

  • You possess strong verbal and written communication skills;

  • You are proactive, flexible and able to work on an independent basis;

  • You are able to present complex materials in a structured and comprehensive way;

  • You have knowledge of Microsoft Office and risk management tools;

  • You are comfortable reading and writing code in at least one programming language;

  • Knowledge of the Remetrica Risk Modelling Software is a plus

We offer

Ageas values your talent and knows how to reward it. We offer you an attractive salary and fringe benefits. You will work in a stimulating international environment, with numerous opportunities for personal development. You will work independently within a dynamic team.