Regional Manager – Insurance Risks
Role Overview
Lead insurance risk management activities, including reserving, reinsurance, risk appetite, underwriting, and product reviews.
Support the broader risk management system through financial and operational risk contributions as needed.
Key Skills for This Role
Full Job Posting
Job purpose
Lead insurance risk management activities, including reserving, reinsurance, risk appetite, underwriting, and product reviews.
Support the broader risk management system through financial and operational risk contributions as needed.
Key responsibilities
- Drive insurance risk management in alignment with local regulation and the company risk management framework.
- Represent Risk Management in forums and committees, including in support of or absence of the CRO.
- Serve as risk management contact for underwriting, actuarial, and reinsurance teams.
- Contribute to asset-liability matching, credit risk assessment, liquidity monitoring, internal control, and operational risk work.
- Manage and develop insurance risk team members.
Technical responsibilities
- Update insurance risk policies annually with business counterparts and maintain the risk appetite framework and limits.
- Monitor risk exposures against limits quarterly and contribute opinions on strategic plans and capital adequacy.
- Provide second opinions on Life and P&C reserves and conduct pricing peer reviews and sensitivity analysis on large deals.
- Review new and changed products for pricing, profitability, business plans, terms and conditions, operational setup, and compliance.
- Develop reinsurance counterparty risk models, maintain approved-securities lists, and update stochastic catastrophe and large-loss models.
- Use model outputs to provide formal opinions on the appropriateness of reinsurance structures.
Essential requirements
- Actuarial background and at least five years’ experience as an actuary, risk manager, or technical professional in insurance, reinsurance, or consulting are required.
- Graduate degree in any discipline; mathematics, statistics, or engineering is preferred.
- Requires technical and analytical judgment, executive communication, stakeholder influence, attention to detail, relationship management, and time management.
- Excellent verbal and written communication and presentation skills are required.
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