Pricing Actuary

7 days ago


Hyderabad, Telangana, India Kshema General Insurance Limited Full time

About Us

Kshema General Insurance Limited (Kshema) was established in 2018 and is India's only Digital Agri Insurance Company catering to farmers/cultivators in the Agriculture Sectors. Kshema enables cultivators with resilience from financial distress due to extreme climate events and perils through localised insurance products. Kshema is leveraging Technology to provide cutting edge insurance solutions to farmers.

Kshema has a pan India presence with more than 500+ employees on roles along with 500+ employees as contractors.

Job Title: Pricing Actuary

Reports to: Appointed Actuary

Location: Hyderabad

Job Description:

Responsibilities:

  • Lead the development and implementation of pricing policy, strategies, and models, ensuring they are competitive, profitable, and responsive to internal and external changes.
  • Lead the pricing for Government business, including tenders.
  • Collaborate with the reserving team to integrate reserving analysis into pricing decisions and ensure alignment with the company's risk appetite.
  • Work closely with the underwriting and product development teams to design pricing structures that support product innovation and market expansion.
  • Analyse market trends and competitor pricing to ensure Kshema's pricing strategy remains competitive and responsive to market dynamics.
  • Ensure compliance with regulatory requirements and internal policies in pricing process.
  • Lead, mentor, and develop the pricing team, fostering a culture of innovation, continuous improvement and professional growth.
  • Work closely with data scientists to utilize spatiotemporal data and build granular and dynamic pricing algorithms.
  • Communicate complex pricing concepts and strategies to non-technical stakeholders, including senior management and board members.
  • Implement new pricing tools, controls and risk management in the pricing function.

Requirements:

  • 5+ year of experience in general insurance pricing or portfolio management, including experience in a leadership role.
  • Deep understanding of actuarial principles, underwriting, regulatory environment, and product development processes
  • Strong leadership skills with experience managing a team and multiple priorities.
  • Keen interest in use of emerging technologies like GPTs, Power Platforms etc. in day-to-day work and pricing models.
  • Proficiency in data analysis and open-source coding languages like VBA, SQL & Python.
  • Strong analytical and problem-solving skills, with the ability to interpret complex data to make informed decisions.
  • Excellent communication and interpersonal skills.

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