Non-Life Risk Officer


Our organisation

Ageas is a listed international insurance Group with a heritage spanning close to 200 years. We offer Retail and Business customers Life and Non-Life insurance products, and we are also engaged in reinsurance activities.

Our customers are at the heart of our business, and our products and services are designed to anticipate, manage, and cover their risks through a wide range of solutions designed for their needs, both today and in the future.

We are one of Europe's larger insurance companies and we are also well represented in Asia. In total, Ageas is on the ground in 14 countries (Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines) through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors.

Ageas ranks among the market leaders in the countries in which it operates. Every day, more than 44,000 skilled and committed employees are at the service of nearly 45 million customers. Our Group has at its foundation a set of core values - Care, Dare, Deliver, and Share – representing who we are and how we work. As a “Supporter of your life” we seek to create social and economic value for our customers, employees, partners, investors, and society at large.

Ageas has been re-certified as Top Employer in 2023.

Your function

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

Your responsibilities include among others:

  • Coordinate Non-Life Best Estimate and IFRS17 reserving policies across Ageas entities. Development of challenger reserving models to validate results of operating companies.

  • Develop, implement, test and document the Internal Model for non-life underwriting risk, including entity models, reinsurance model and group aggregation model. Provide technical support to Operating Companies and participate to the automation of Internal Model runs and data flows.

  • Run on quarterly basis the group models and production of non-life group reserving and risk reports, contributing to overall communication, interpretation and presentation of internal and external results.

  • Challenge results and methodologies of operating companies.

  • Participate to harmonization of methods.

  • Ascertain model change governance is being applied and participate to communication/approval of model changes with National Bank of Belgium.

  • Develop and implement group policies (Best Estimate Manual, Internal Model Calibration and Methodology, …).

  • Embed sustainability in underwriting policy and assess long-term impact of climate change on non-life underwriting risk.

Your profile

  • You have a Master’s Degree in Mathematics, Econometrics, Actuarial sciences, Economics, Certificate in Financial Risk Management or alike

  • You have obtained at least 5 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

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

  • Non-life Risk Modeling

  • Solvency II Best estimate and standard Model

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

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

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

Our offer?

  • The possibility of (maximum 50%) home working;

  • A dynamic, multicultural working environment;

  • An interesting and extensive salary package (including meal vouchers, eco vouchers, hospitalization, disability and group insurance, additional child benefit, mobile allowance and intervention in the internet reimbursement, ...);

  • The possibility to optimize part of your salary package through a flexible income plan;

  • A corporate culture where you are encouraged to share your views and opinions;

  • A flat organizational structure with close collaboration and communication with management and cross departments;

  • An extensive range of learning & development opportunities through our online learning platform;

  • The opportunity to further develop yourself and to be part of a great team at a Top employer in Belgium.


Please apply online. We are looking forward to talking to you!