Director

  • 33557
  • Non-Life - Actuarial
  • |
  • Alberta, Canada
  • |
  • 4 days ago
Insurance
RESPONSIBILITIES
  • Oversee the governance of insurance risk and interface with senior leaders in the insurance business on insurance risk issues.
  • Develop and maintain insurance risk policies and ensure implementation throughout the organization. -Currently, these policies include the product approval and review process (PARP) and the insurance risk section of the risk appetite statement and, in the US, the Risk Preference Statement. Review other insurance risk related policies (e.g. the reinsurance risk management policy) as required.
  • Independently review and challenge the identification, measurement, monitoring and reporting of key insurance risks across the company. Assist leaders, as appropriate, in enhancing identification of key risk measures.
  • Maintain a high level risk register for insurance risks and follow-up on mitigation actions (i.e. hold lines of business to account for their mitigation plans or lack thereof).
  • Work with the business lines to identify key underwriting limits and ensure alignment with corporate risk tolerances.
  • Draft the section on insurance risk in the company’s Own Risk and Solvency Assessment (ORSA) report.
  • Conduct risk oversight reviews of business unit practices to ensure that policies, underwriting guidelines and pricing procedures are reasonably implemented and consistent across the organization.
  • Collaborate with the economic capital modelling team to determine pricing targets for each line of business.
QUALIFICATIONS
  • Bachelor’s degree or higher.
  • 7+ years of experience in P&C insurance product development, underwriting, and/or claims.
  • Self-motivated team player with the ability to be flexible as the role evolves.
  • Superior written and verbal communication skills with the ability to contribute meaningfully to meetings with members of senior management.
  • Ability to challenge the status quo and influence change.
  • Commercial lines experience is an asset.