Lead Life Underwriting Valuation & Risk

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Our organisation

Ageas is a listed international insurance Group with a heritage spanning of 200 years, offering Retail and Business customers Life and Non-Life insurance, and is also engaged in reinsurance activities. As an international insurance company, Ageas concentrates its activities in Europe and Asia 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. It represents a staff force of about 50,000 people and reported annual inflows of over EUR 19.6 billion in 2025.

 

Ageas aims to be a Great place to Grow for all its people, while always staying true to its four values: care, share, deliver and dare. Ageas strives to create a truly inclusive company – attracting the most talented people and offering a working environment where everyone feels they belong, collaborates to achieve our common ambitions and is recognized for their contribution. Ageas encourages its people to think and act differently, to speak up, to be themselves and to contribute their individual skills. For Ageas, diversity and inclusion is a business imperative, providing us with the foundation to achieve sustainable business results across different markets.

 

Ageas has been re-certified as Top Employer in 2026.

 

The vibrant Ageas Corporate Centre in Brussels is home to a variety of Group level functions including, amongst others, Risk, Finance, Legal & Compliance, Investor Relations, Human Resources, Strategy, Business Development and Corporate Communications. It sets out the long-term strategy for Ageas and coordinates numerous initiatives across the Group to help realize the strategic ambitions. The Corporate Centre also facilitates knowledge and skills sharing amongst its local operating entities and JV’s, creating strong connections and leveraging on local strengths. It represents the Ageas Group towards external parties, managing relations with analysts, retail and institutional investors, regulators, rating agencies and the media.

The Department

The vision of Quantitative Risk Management (QRM) is that models used at Ageas to quantify risks are substantiated, regularly tested, documented, used, and understood by all stakeholders. Realizing that models are simplifications from reality, stakeholders understand the limitations of these models and therefore the consequences of model risks.

The mission of the QRM department is:

• to develop methodologies to quantify the risks of Ageas group
• to define the group policies and standards that ensure quality model development at Ageas and its operating entities
• to ensure implementation in reliable tools and the subsequent use of the methodologies
• to report and explain the outcomes of the models that are used to inform internal decision takers and external stakeholders.

 

Additional to its existing activities QRM is developing an Internal Model to analyze the key risks of Ageas and its entities.

Within QRM, the Life Underwriting (LUW) Valuation & Risk function focuses on activities related to LUW Valuation and Risk modelling and reporting for Ageas.

A considerable amount of the activities is ad-hoc in interaction with stakeholders at corporate center and in the entities, and lead to analyses, researching, reporting, and advising.

Your function

The main objective of the role is to ensure that the valuation of and risks related to Life business (including Health Similar-to-Life Techniques (SLT) and reinsurance) are appropriately measured and understood in Ageas, to develop LUW risk models for regulatory and economic risk in close collaboration with operating entities, and to facilitate methodological and technical synergies by shared guidelines and tools.

 

Your main responsibilities are:

• Lead the Life Underwriting (LUW) Valuation & Risk function – Provide strategic leadership for LUW valuation & risk topics and modelling activities across Ageas, setting clear short- and long-term team objectives and aligning roles to deliver on these goals.
• Develop and maintain the LUW Internal Model – Lead the design, development, and group-wide implementation of Ageas’s Solvency II-compliant internal model for LUW risk, ensuring rigorous methodologies, thorough testing, robust documentation, and continuous compliance with regulatory standards. Serve as the Group Model Manager for LUW valuation and risk models, responsible for model quality, validation, and ongoing enhancements, including benchmarking against the Standard Formula and industry best practices.
• Risk analysis and reporting – Oversee the analysis and interpretation of LUW valuation and risk model outcomes under various reporting frameworks, ensuring high-quality reports and clear communication of key insights to support strategic decision-making by senior management.
• Group-wide consistency and policy governance – Ensure consistent valuation and risk policies & standards across all Ageas entities. Oversee harmonization of methodologies (e.g. internal model calibrations, risk allocation methods, Best Estimate and IFRS 17 reserving practices) and lead cross-entity Life Risk Technical Committee discussions to share best practices and align local entity approaches with Group frameworks. Monitor regulatory developments, perform impact analyses, and contribute to the development and maintenance of Group risk policies.
• Knowledge sharing & stakeholder support – Provide expert guidance to Ageas’s operating companies on life risk and valuation topics. Deliver technical training on new models and their implications, and challenge/support local teams (e.g. on profit-sharing, internal model calibration, reserving assumptions) to strengthen capabilities and ensure consistent understanding of risk methodologies across the Group. Support for quarterly closing, annual budget projection, and ORSA/stress testing exercises. Provide support in reviewing the Actuarial Function Reports.
• Senior stakeholder engagement – Act as the primary subject matter expert for LUW risk and valuation at the Corporate Centre, collaborating with first-line functions to integrate LUW risk insights into broader business decisions. Represent the LUW risk domain in senior governance forums (Model Control Board, Ageas Risk Committee, Executive & Business Committees, Board meetings) by providing expert input on LUW risk matters in partnership with the Director QRM. Serve as a key contact for external stakeholders and regulators (e.g., National Bank of Belgium).

Your profile

• Education & experience – Master’s (or higher) in a quantitative field (e.g. Mathematics, Finance, Engineering). 10+ years of relevant experience in life insurance, risk or actuarial roles; PhD or professional certifications are a plus.
• Life insurance expertise – Strong knowledge of life risk and valuation methodologies, including Solvency II, IFRS 17 reserving, reinsurance, risk modelling, and risk-neutral valuation.
• Model development– Hands-on experience in building and maintaining complex risk models; focus on robustness, testing and documentation. Familiarity with automation or AI is a plus.
• Analytical skills – Excellent problem-solving abilities, able to handle complex data and translate insights into practical solutions.
• Strategic mindset – Able to link risk insights to business strategy and think long-term, challenging assumptions and shaping frameworks.
• Communication influencing – Strong communicator who can explain complex topics clearly and influence senior stakeholders.
• Leadership – Experience leading teams or projects, coaching others, and delivering high-quality results in a demanding environment.

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;
• A company car with charging card;
• 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. Find out more about it here.

 

Interested?

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