SVP, Head of Property & Casualty Pricing - COG
London, United Kingdom
Job Description
SVP, Head of Property & Casualty Pricing
This leadership role consists broadly of the following elements:
Support the Chubb Overseas General (COG) P&C Divisional President and COG Chief Actuary by providing actionable intelligence and deep understanding of the composition and drivers for performance in the overall COG P&C portfolio.
Lead P&C performance measurement actuarial activities and support business planning and portfolio management.
Lead and manage COG P&C Senior Pricing Actuaries and co‑lead P&C pricing roles in the various regions (UK, Continental Europe, Asia‑Pacific, Latin America, China and Far East)
Own Commercial P&C Pricing Function for COG and its regions
The key areas covered by the COG P&C Pricing and Portfolio Analytics team are Business Planning, Actuarial Portfolio Reviews, Key Metrics Monitoring, and Rating Models.
The role reports into the COG Chief Actuary and will interact with several senior stakeholders at Home Office and regional teams. Role is based in London, UK.
Key Responsibilities:
Own overall process and deliver findings as part of the Business Reviews in coordination with home office and regional actuarial and COG P&C product leads.
Design and maintain framework and operating model for delivering timely, accurate and meaningful actuarial metrics and intelligence to track performance and support portfolio management and business planning.
Drive continuous improvement to data, methodology and tools supporting portfolio reviews.
Communicate actuarial and business reviews findings to senior stakeholders and link with findings from other actuarial processes such as Reserving and Ceded Re
Oversee and ensure actions related to actuarial are completed in time and satisfactorily
Ensure overall process balances robustness as well as line of business specific needs.
Design and maintain framework for regular calibration of rating factors and actuarial assumptions.
Implement mechanisms to challenge/monitor rating factors and overall rate adequacy in consideration to observed data.
Lead collaboration with UW and IT in the development, implementation, maintenance and management of rating tools and related data
Drive consistency around Pricing function across COG home office and regions
Planning
Analyse regional submissions results to assess reasonability of projected loss ratios, rate and trend assumptions.
Ensure consistency between planning process and results from Portfolio and Reserve Reviews
Communicate results to key stakeholders and support Chief Actuary and P&C business leads with documentation and presentation to COG senior management
Reporting
Develop and maintain actuarial and management information tools and reports to monitor portfolio performance and key loss ratio drivers at the appropriate level of granularity.
Support Chief Actuary in preparing ad-hoc presentation material for senior management and the risk and underwriting committee
Reserving
Support COG Corporate Actuary and COG Chief Actuary in the review and analysis of the regional reserve recommendations for P&C lines of business
Communicate findings and results to COG P&C leadership
Projects
Lead/support the COG home office and regional actuarial teams in data and actuarial projects as needed
Other
Team management and talent development (COG home office and regions)
Insurance risk internal model parametrisation
Qualifications
Fully qualified Actuary
A seasoned commercial P&C professional with deep technical knowledge and a well‑established record of managing teams and engaging effectively with senior stakeholders. This role demands the confidence and initiative consistent with a senior leadership position.
Experience spanning both reserving and pricing disciplines is strongly preferred, as is exposure to London and international markets.
Job Info
- Job Identification 36989
- Job Schedule Full time
- Regular or Temporary Regular
- Job Category Head of Actuarial
- Business Unit United Kingdom
- Legal Employer Chubb European Group SE UK Branch
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SVP, Head of Property & Casualty Pricing - COG in London employer: Chubb European Group Ltd.
Chubb European Group Ltd. is an exceptional employer that fosters a collaborative and innovative work culture, particularly in the dynamic UK market. Employees benefit from comprehensive professional development opportunities, a commitment to diversity and inclusion, and the chance to engage in meaningful work that directly impacts business outcomes. With a focus on employee well-being and a supportive environment, Chubb stands out as a rewarding place to advance your career in internal audit and risk leadership.
