Academic Trip to AXA Affin General Insurance

On the 5th June, SUAS have organised an academic trip to AXA Affin General Insurance.

This event is aimed to gain insight into the Actuarial Department in AXA Affin General Insurance Berhad. As some of the SUAS members will go for internship at the end of this year, it would be a great chance for them to have an image of what working in an actuarial department is like. Due to the limited space in the actuarial department for a group of over 40 students, we were accommodated in their training centre instead which is in a separate location from their office. This unfortunately means that we are unable to visit their work stations. However, their company has promised us to try to include a demonstration using their software.

We arrived at AXA Internal Training Centre by 8:30 am and was greeted by Mr Alvin Choong, Vice President of Actuarial Team. Mr. Sylvain Ducros, CFO of AXA Affin General Insurance Industry started off the event with a welcoming speech. Light refreshment was served and members had the opportunity to interact with the employers in AXA Affin General Insurance Berhad.

From left: Chief Financial Officer - Mr. Sylvain Ducros, Vice President – Actuarial - Mr. Alvin Choong

After the refreshment, we continued our session with “Journey of Discovery” by Human Resources department from “birth” of AXA in France to the current AXA Affin General Insurance in Malaysia followed by the operation and roles of different departments in AXA Affin General Insurance Berhad.

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Mr. Alvin Choong gave an overview about the actuarial team and presented the career opportunities in the company

Mr. Anand (pricing team) briefly introduced the application of Generalized Linear Model (GLM) and Excel Heat Maps in pricing products

Lastly, Mr. Joshua Koh (reserving team) demonstrated the usage of IBNRS software in determining the amount of reserves in the company

A group photo of all the participants and employers in AXA Affin General Insurance Berhad