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Insurance Risk Manager (UK & EMEA)

Join us as an Insurance Risk Manager to take your career to the next level with an international market leader.

How you'll make an impact

The Insurance Risk Manager (IRM) is responsible for monitoring and assessing insurance risks within the AIG UK and AESA legal entities along with the wider EMEA region. The IRM supports the Head of Insurance Risk, the AIG UK CRO, and the EMEA CRO with regulatory requirements related to the insurance business. This includes legal entity governance, regulatory requests, risk appetite setting and monitoring, and capital requirement review.

This is a fantastic role which will give you the opportunity to build an excellent internal network and work across all lines of business.

Some of the key responsibilities include:

  • Identify, assess, manage, monitor and report all insurance risks, gross and net of reinsurance, material to AIG in the UK and EMEA
  • Provide challenge and questioning on the management of Insurance risks. This includes providing input into the annual ORSA, business plan risk review, and updating of business plan risk watch list
  • Work closely with the legal entity teams (UK and AESA) to assist with regulatory requirements such as economic model submissions and stress testing
  • Contribute to the development of risk management information, advising on the data requirements to support monitoring of insurance risks and their Key Risk Indicators
  • Work closely with the Economic Capital Modelling team; in particular, provide input for the man-made catastrophe calibration and review the insurance risk calibration
  • Provide input into the Insurance risk appetite and monitor risk profile to address timely potential breaches
  • Assist in the maintenance of effective systems and controls regarding exposure to aggregations of insurance risk within and across lines at the UK and AESA entity level
  • Work with Actuarial, establishing regular reviews of the UK and EMEA pricing and reserving processes, as well as identifying key drivers of risks and trends
  • Contribute to Insurance Risk Committee and sub-forums (Pricing, Risk Aggregation, Reinsurance, and Large and Unusual Transactions). Attend meetings of relevant risk forums.

What you'll need to succeed:

  • Strong working knowledge and familiarity of the General insurance industry with an understanding of Insurance Risk
  • Knowledge and practical experience of actuarial techniques or an actuarial student/ qualified Actuary
  • Experience of managing cross product line risk aggregation or quantitative portfolio analysis experience
  • Familiarity with Solvency II requirements including ORSA and economic capital
  • Ability to work closely with peers and build strong partnerships with key stakeholders
  • Strong organizational, project management and multi-tasking skills
  • Strong communication skills with the ability to facilitate discussions and assessments at varied levels of the organization

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers.

At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to

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