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Location: 

Toronto, ON, CA

Senior P&C Treaty Actuary

About Swiss Re

 

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

 

 

About the Role

 

We are looking for a highly motivated and result oriented Actuary to join our Canadian Treaty Underwriting team. Working in close collaboration with fellow Casualty actuary and P&C Underwriters, you will be responsible for pricing and supporting underwriting Canadian and English Caribbean proportional and non-proportional P&C treaties.

You will engage in frequent dialogue with brokers and clients on strategic, financial and technical topics, building long term relationships. With an entrepreneurial mindset, you will identify and originate new opportunities to support your clients, differentiating Swiss Re and delivering the full value of the organization.

 

Responsibilities:

  • Carry out sound technical/actuarial assessment & modelling, structure product terms and conditions, generate solid product pricing and underwriting best practice guidance
  • Analyze insurance portfolios, carrying out technical assessments, reviewing reinsurance terms and conditions of P&C treaties in Canada and English Caribbean
  • Evaluate and assess risks in accordance with company guidelines and standards, make underwriting decisions within respective authority level
  • Advise client managers on technical issues in negotiations with clients, especially on structuring reinsurance programs and on implementing new, complex or critical underwriting measures
  • Anticipate and analyze future industry, economic and legal trends; transfer know-how, coach and train colleagues in areas of own expertise
  • Establish and maintain specific industry and product know-how, identify market trend and future development, represent SR as a knowledge expert in client meetings and market events at right level.
  • We will need you to keep up-to-date and further developing market and client knowledge and knowledge of emerging issues that may affect the insurance/reinsurance marketplace at large
  • Teaming up with the contracts specialists and client managers, you will be conducting assessment of contract wordings
  • There will be opportunities for participation in project teams (local and divisional projects) and frequent collaboration with facultative underwriters, product centers and other teams

 

About the Team

 

The Treaty Underwriting team in Canada consists of 4 Underwriters/Actuaries all engaging in and supporting client cross-functional teams, ensuring a high quality of underwriting and innovative product development. The team reviews Property & Casualty Treaty deals, looks a tailor-made solutions for clients and develops new technologies that can be of value to clients. You will experience an open and results oriented office environment where collaborating and having fun are embedded into our daily lives.  You will work closely with a well-experienced cross functional team that includes the Client Market, Claims, Finance and Business Development teams to sure that Swiss Re's technical capabilities and value added services are leveraged.

 

About you

  • Bachelor's degree or equivalent
  • Minimum 4 years actuarial pricing & modelling experience in primary insurance industry. Background in Property and/or Casualty Lines of business is essential.
  • Knowledge of treaty and/or primary and/or facultative P&C underwriting (Canadian specifically a plus)
  • Ideally, 10 years of experience in re/insurance industry
  • Understanding of the end-to-end reinsurance value chain and relevant market knowledge (e.g. trends, competitors, capital markets context)
  • Solid quantitative/analytical skills, underwriting judgement and experience with risk selection/evaluation as well as a flair for wording
  • Strong negotiation and sales skills, ability to successfully handle conflicts, at ease with leaving the comfort zone and to navigate ambiguity
  • Entrepreneurial mindset (sense of urgency and personal risk taking), committed to sustainable performance and continuous improvement
  • Excellent organizational/project management skills, ability to manage peak period workloads (seasonality)
  • Ability to work independently as well as to collaborate in a team environment
  • Comfortable to work in a fast-paced environment and to adapt to change
  • Creative thinking capability and a problem-solving mindset
  • Network within Canadian insurance industry is a plus
  • Languages: Fluency in English; French is a plus


Keywords:  
Reference Code: 114781 

 


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