Individual Pricing Role - Actuarial - General Insurance (3-7 yrs)

1 AM / DM/ Senior Manager

- Techniques such as Generalized Linear Model, Proposing rating structure

- Product Development, technical inputs , EMBLEM models, technical pricing dashboards, pricing related work before review by Appointed Actuary, pricing assumptions and take necessary sign offs.

- 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.

- Work with other functional stakeholders for execution and review of technical pricing dashboards.

- Ability to provide insightful summary of the results of various iteration and sensitivities done during pricing.

- Responsible for data analytics and management

- Review and sign off on all the pricing related work before review by Appointed Actuary.

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

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

MEASURES OF SUCCESS :

- Ability to work with minimum supervision and problem-solving ability.

- Completion of tasks on time and at desired standards including documentation and audit trials.

- Accuracy of results and comprehensiveness of the pricing model/reports.

- Liaise with other members within the Product management team and accomplish other projects that are assigned from time to time.