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1502304358 actuarial work in aig

M
Michael Collins

This document describes actuarial work at AIG including responsibilities in quantitative analysis, insurance pricing, loss reserving, and risk qualification. It outlines the work of the Property & Casualty Pricing Team performing tasks like rate monitoring, loss picks, and aggregates reviews. It also describes the work of the Life & Retirement Accident & Health Pricing team modeling product specifications and data aggregation. Finally, it mentions the Global Consumer Lines team standardizing personal auto and property insurance globally and creating documentation for rating methodologies.

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Actuarial Work at AIG Group Project August 10th 2017
Expertise is: Quantitative Analysis Insurance Pricing Loss Reversing Risk Qualification What We Do
Responsibilities Technical Pricing Product Development Analytics Performance Monitoring and Measurements Assessment of Reinsurance Needs
Who could you be? Property & Casualty Pricing Team Life & Retirement Accident & Health Pricing Global Consumer Line
Property & Casualty Pricing Team Perform Rate Monitoring Loss Picks Security Calculations Aggregates Reviews. Providing loss analysis for large accounts.
Manipulate large data in Microsoft Excel Calculate what percentage of written premiums are reviewed Develop spreadsheets for wage index information and hospital Physicians Property & Casualty Pricing Team Projects
Life & Retirement - Accident & Health Pricing Responsible for: Decide and modify pricing assumption to sell and price a product Model the product specification to measure profitability.
Data Aggregation and optimization of Accidental & Health rate review Usability Testing Life & Retirement - Accident & Health Pricing Projects
Global Consumer Lines Responsible for: Personal Auto Insurance(Global) Personal Property Insurance (Global) Goal: Standardization Globally
Global Consumer Lines Projects Create Global Rate adequacy for auto Personal Property rate indications for 5 APAC nations Create documentation for Ireland Profit Scoring methodology New Standardized version of fleet rater

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1502304358 actuarial work in aig

  • 1. Actuarial Work at AIG Group Project August 10th 2017
  • 2. Expertise is: Quantitative Analysis Insurance Pricing Loss Reversing Risk Qualification What We Do
  • 3. Responsibilities Technical Pricing Product Development Analytics Performance Monitoring and Measurements Assessment of Reinsurance Needs
  • 4. Who could you be? Property & Casualty Pricing Team Life & Retirement Accident & Health Pricing Global Consumer Line
  • 5. Property & Casualty Pricing Team Perform Rate Monitoring Loss Picks Security Calculations Aggregates Reviews. Providing loss analysis for large accounts.
  • 6. Manipulate large data in Microsoft Excel Calculate what percentage of written premiums are reviewed Develop spreadsheets for wage index information and hospital Physicians Property & Casualty Pricing Team Projects
  • 7. Life & Retirement - Accident & Health Pricing Responsible for: Decide and modify pricing assumption to sell and price a product Model the product specification to measure profitability.
  • 8. Data Aggregation and optimization of Accidental & Health rate review Usability Testing Life & Retirement - Accident & Health Pricing Projects
  • 9. Global Consumer Lines Responsible for: Personal Auto Insurance(Global) Personal Property Insurance (Global) Goal: Standardization Globally
  • 10. Global Consumer Lines Projects Create Global Rate adequacy for auto Personal Property rate indications for 5 APAC nations Create documentation for Ireland Profit Scoring methodology New Standardized version of fleet rater