Deputy Manager/Manager - Actuarial - P&C Pricing - General Insurance

Responsibilities :

- Proposing rating structure and develop rates/review and revise rates for retail products using advanced statistical techniques such as Generalized Linear Model

- Collaborate in the design of new General Insurance P&C products along with other stakeholders and play a pivotal role in product development.

- Create and review excel and EMBLEM models for pricing and profit testing.

- Provide main technical inputs and ensure robustness of pricing models and illustrations.

- Prepare pricing reports, F&U and other necessary documents to facilitate product approval from IRDA.

- Active involvement in finalizing the pricing assumptions and taking necessary sign offs

Requirements :

- At least 6 Actuarial exams cleared.

- Minimum prior experience of 3-5 years working in a general insurance and/or actuarial consultancy on motor or health line of business is required.

- Awareness of the competitive landscape in the Indian General Insurance market and IRDA regulations would be an added advantage.

- Experience of EMBLEM product pricing and other statistical analysis software like R, SAS, SQL Server preferred.