AVP - Actuarial - Life Insurance

Role : AVP - Actuarial

Location : Delhi/NCR

Education : Any

Exp : 10-15 years

Certification/ professsional qualification : Must have passed some papers of Actuarial Science

Note : Must be from Indian Life Insurance/ Actuarial consulting working on Indian life insurance

Role Purpose :

This role also involves all tasks relating to product designing and pricing of new individual products as well as redesigning/ re pricing of existing individual products.

This includes :

- Developing products suitable to needs of the customers; developing pricing models, Assumptions justifications to optimize profitability, capital usage, commission and customer returns, ensure product meets risk appetite of company, identify financial risks and suggest mitigating strategies, develop pricing report for peer review by region and necessary documents for regulatory filing, assisting AA to gain approval of regulator to launch the product and launch activities including review of marketing literature, systems testing and wing to wing negotiations with re-insurers.

KRA :

- Generating ideas/designing/pricing the individual and group products and assist in launching the product as per the agreed product calendar.

- Generating the customized and competitive group term quotes including credit life and providing actuarial valuations for employee retirement benefits.

- Supporting in developing the successful and viable group business model through robust strategy.

- Review of various parameters associated with existing group/individual products (profitability, competitiveness, risks etc) to assess the need for redesign/repricing of existing products.

- Liaise with external stakeholders (Reinsurers, Regional team) in areas relating to product pricing and other relevant areas.

- Direct interface/discussions with the channel partners/distributors on the needs of launch of group /individual products and group schemes.

If feel interested kindly apply with your updated CV with following details :

Current CTC :

Expected CTC :

Notice Period :

Vanita Duggal