Non-Life Risk Officer

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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 17 billion in 2023. 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. It fosters an inclusive culture, that values diversity and encourages everyone to get the best out of their talents. Ageas has been re-certified as Top Employer in 2024.

 

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 realise 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.

Your function

Ageas Group Risk is based in Brussels & is composed of risk experts with a variety of technical expertise and background. You will be a member of the Ageas Group Non-Life Risk team, which is part of the Quantitative Risk Management team. As member of the Ageas Non-life Risk team, you will contribute to the embedding of the non-life UW risk 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 and develop challenger reserving models to validate results of operating companies.
• The further development, implementation, testing and documentation of 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.
• Quarterly run of 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 & methodologies of operating companies and 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 & implement group policies (best estimate manual, internal model calibration & 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 a good understanding of Non-life insurance business: 1) reserving methods for valuation of the non-life liabilities covering claims and premium provisions, 2) Non-life risk modeling, 3) 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
• You have an active (written and oral) knowledge of English (French or Dutch is a plus)

We 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. Find out more about it here.

Interested?

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