Ageas (UK) Limited

Capital Modelling Actuary

Job Ref
Closing Date
Advertised Range (External)
Up to £50k
Permanent Full-Time

Job Purpose

Ageas are currently looking for Capital Modelling Actuary based out of our Eastleigh office.  


The successful Capital Modelling Actuary will be responsible for ensuring that appropriate internal and regulatory capital calculations are performed. This includes the interpretation and communication of the results from the analysis to Senior Management.


Responsibilities of and Capital Modelling Actuary:


  • To assist in the development of ICAS/Solvency II estimation using appropriate actuarial and statistical techniques, ensuring FSA compliance. This includes the interpretation of FSA guidelines and communication from the analysis to Senior Management.
  • Ensure production of the analysis of large claim experience to assist in the financial / strategic reinsurance decision making process.
  • Pro-active use of data available and wider insurance business awareness to support the underwriting and claim functions in identifying areas of interest.
  • Lead, motivate, develop and mentor “Actuarial Analysts” and “Actuarial Trainees”, as appropriate.
  • Assist in ensuring production of the analysis to support ad-hoc Ageas projects, including interpretation of data together with concise recommendations.
  • Assist in the production of company forecasting and planning analysis, and assist Senior Management in strategic decision making


Key skills of a  Capital Modelling Actuary:


  • Prior experience working within Capital Modelling.
  • Database packages, for example, Access or SAS
  • Statistical analysis software, for example, ResQ, EMBLEM or SAS
  • Insurance analytical systems, for example, WhatIf
  • Microsoft Office and the development of macro driven application systems
  • Understanding of the motor, household, commercial and travel insurance businesses for underwriting, claims and business processing
  • Degree level Mathematics/Statistics (2:1 or above) or equivalent. 


About #AgeasUK


We are a leading provider of award-winning insurance solutions in the UK, distributing our Personal and Commercial products through brokers, intermediaries, affinity partners and the internet. We have two consumer brands – Back Me Up and RIAS – and partner with some of the nation’s most well-known brands, such as John Lewis, Age UK, Toyota, Virgin Money and General Motors.  We also hold a 50.1% share in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers.  Insuring around five million customers and working with a range of partners, we are recognised for delivering consistent and high-quality customer experiences.  We employ around 4,000 people with offices based across the UK.


Here are some of the benefits you can enjoy as an Actuarial Capital Analyst:


As much as we value our customers, we also value you. So in your Actuarial Capital Analyst position you can enjoy a comprehensive range of flexible benefits options - such as a company pension, 25 days’ holiday (buy or sell up to 5 days), a car lease scheme, private medical insurance, life assurance, and an annual bonus.  Our people receive childcare vouchers and enjoy discounts on company products and with a wide range of retailers & gyms. 



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