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Bajaj Allianz General Insurance Reviews by Employees

Sales Manager

Senior Executive

Territory Manager

Assistant Manager

Relationship Manager

Sales Executive

Senior Sales Manager

Executive

Junior Executive

Service Engineer

Regional Sales Manager

Sales Officer

Deputy Manager

Operations Executive

Junior Officer

Business Development Manager

Executive Trainee

Back Office Executive

Cluster Head

Management Trainee

Area Sales Manager

Senior Sales Executive

Team Lead

Manager

Senior Relationship Manager

Territory Sales Manager

Zonal Sales Manager

Senior Officer

Senior Service Engineer

Cluster Manager

City Head

Junior Service Engineer

Senior Manager

MIS Executive

Legal Executive

Claims Executive

Branch Operations and Service Manager

State Head

Senior Territory Manager

Sales Manager Bancassurance

Branch Manager

Direct Marketing Executive

Customer Service Executive

Senior Legal Executive

Insurance Sales Officer

Area Manager

General Insurance Executive

Assistant Sales Manager

Administration Executive

Circle Head

Regional Manager

Insurance Executive

Operation Support Executive

Insurance Adviser

Junior Sales Executive

Legal Officer

Regional Head

Agency Manager

Associate Sales Manager

Relationship Officer

Senior Business Development Manager

National Business Development Manager

Operations Manager

Senior Customer Support Executive

Claims Manager

Operations Officer

Relationship Executive

Operation Support

Bancassurance Sales Manager

Team Manager

Executive Relationship Manager

Insurance Relationship Manager

Branch Incharge

National Sales Manager

Data Entry Operator

Deputy Manager Operations

HR Support

Insurance Agent

Agent

Assistant Manager Operations

Insurance Consultant

Bancassurance Manager

Business Analyst

Plsql Developer

Branch Service Operations Manager

Operations Team Member

Intern

Job Purpose : Drive adherence to all regulatory requirements pertaining to reserving and ensuring correct reserves/numbers to be signed off by the appointed actuary, all reports related to actuarial submissions including reserve report and financial condition report to be submitted within timelines and all queries raised by the regulator are duly addressed. Role & Responsibility : Financial Condition Reporting and Other Actuarial Submissions - Review and monitor data/ risk parameters/ other metrics of various other functions in BAGIC (Investments, Risk Management, Underwriting and Finance) to obtain inputs on the financial condition of BAGIC - Lead team in conducting quantitative analysis of the data to be used for preparing regulator mandated report on financial health of the company - Guide team during preparation of reports on financial condition of the company, review - Preparing Asset Liability Matching Report on quarterly basis to ensure investment activities and asset positions are appropriate to the liability, risk profile and solvency of insurer and get approval from Appointed Actuary , CFO and CEO. - Compute Economic Capital of the company and monitor movement from previous year and identify reasons for movement and submit the report to regulator - Provide technical guidance to the team in giving structures for data gathering and conducting pricing analysis (ranging from simple excel based to complex regression model based) and seek inputs from Underwriting team to arrive at pricing points - Recommend to Appointed Actuary the final pricing of new products and revision or withdrawal of pricing of existing products with respect to health/travel LOB, and file with regulator to seek their approval - Recommend inclusions/exclusions and other policy condition basis experience while framing new or revised products - Monitor market for unprofitable segments, current prices, products and prepare competitive analysis reports to guide underwriting team on pricing, discounting and go to markets - Deploy sophisticated analytics principles and use of statistical software in day to day work Business insights - Provide levers to underwriters for pricing by providing insights on risks - Work closely with the product development team on policy wordings and features - Advisory to underwriting to take a final call on pricing in some complex/critical proposals/group quotes of high value - Interact with internal customers and influence key stakeholders at BAGIC to seek buy in - Understand requirements raised by various teams (e.g. sales, underwriting, finance etc.), guide team to conduct required analysis, drive maker-checker-review process by serving as the final reviewer - Present the analysis to relevant internal stakeholders, address queries and determine way-forward, as required and Provide detailed performance reports when required - Liaise with regulator for product filing as and when required Reinsurance - For product's backed by reinsurer, Assess the reinsurer's pricing and terms and conditions of the product and point out areas of concern and provide inputs in ensuring that the product is as best as possible for BAGIC - Liaise with external stakeholders (Regulator, Reinsurers, etc.) in areas relating to product pricing and other relevant areas Claims Analysis and Adhoc Requirements - Lead conduct of Reserve Committee meetings (conducted quarterly) and submit summary of reserves, address queries raised by Business Heads, present analysis (e.g. claims, loss ratio, portfolio) and aid in business decision making - Understand requirements raised by various teams (e.g. sales, underwriting, finance etc.), guide team to conduct required analysis, drive maker-checker-review process by serving as the final reviewer - Present the analysis to relevant internal stakeholders, address queries and determine way-forward, as required Qualifications : - Minimum qualification required- Graduation with sound actuarial knowledge Work Experience - Minimum 8+ years of experience as an actuary in a leading company - Knowledge of Indian general insurance industry

Pune

Bajaj Allianz - Vertical Head - Actuarial 

Job Description for Bajaj Allianz - Vertical Head - Actuarial  in Bajaj General Insurance Company Ltd. in  Pune for (7-15) years of experience. Apply Now!

Bajaj Allianz - Vertical Head - Actuarial  | iimjobs.com