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What are the core responsibilities?
Allianz’ actuaries are responsible for optimizing the transparency, consistency and quality of the actuarial analysis that supports capital market reporting and all reporting relating to the management of Allianz Group.
Furthermore our actuarial plays a specific part in developing an individual model based on Solvency 2. Both Allianz Group and Allianz Re invest a lot of work in the stochastic model components to capture best the individual risk situation – and the measurements to manage these risks in accordance to the regulatory requirements.
Key functions:
Our Actuarial team specialises on risk capital management, loss reserves and pricing.
Key functions of a risk capital actuary are:
- Development of the Risk Capital Model and methodology
- Preparation and Delivery of quarterly risk capital calculations, in conjunction with Allianz Re Risk Management team
- Develop appropriate approaches to use inputs from pricing, reserving, Natural Catastrophes and clients
- Further development of reserving models
Key functions of a pricing actuary are:
- Development and maintenance of pricing models, methodologies and parameters
- Reporting of renewal statistics
- Calibration of risk loads
- Analysis and reporting of renewal results
- Review of the performance of the individual segments, market pricing and trends
Key functions of a corporate actuary:
- Development and Maintenance of actuarial models for reserving, business planning and performance measurement
- Estimation and monitoring of loss reserves for individual business segments
- Development of reserving analyses
- Reporting and maintenance of actuarial data management
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