Pricing Actuary

4 weeks ago

Bengaluru, Karnataka, India Swiss Re Full time
About the role

As a Pricing Actuary, analyzing the profitability of the business is key We need to identify key drivers impacting the portfolio performance. We develop proposals in collaboration with business owners to mitigate gap between what has been costed against actual performance and ensuring the profitability of the book.

You will work with counterparts in Underwriting, Reserving, Claims and Finance to have a 360° view on and develop an independent Actuarial Pricing opinion on the portfolio's expected performance. We develop insights on trends and set parameters using Actuarial and Data Science techniques to improve the predictability and accuracy of costing models. You will have a direct impact in steering your portfolio and ultimately the overall Business Unit's performance.

About the team

The Actuarial Portfolio Management APAC team comprised of a mix of expert members already entrenched in their dedicated product specialization and highly motivated newer members who thrive in a dynamic and fast learning environment. This team reports into the Chief Underwriting Officer and is part of the Global Actuarial Portfolio Management unit comprising portfolio steering teams and two other regional pricing teams with the same regional directive of driving costing accuracy for Swiss Re Corporate Solutions.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

Main responsibilities

Profitability Studies

  • Have a clear independent view on current pricing or loss adequacy driven by data analysis
  • Collaborate with customers and team members to develop a pricing view in and represent and develop compelling recommendations
  • Translate details into impactful Executive reports with effective communication

Costing Accuracy and Data Analytics

  • Translate profitability findings into corrective actions on costing models and parameters.
  • Build and maintain costing parameters and tools in accordance to Swiss Re Group standards and business needs.
  • Use of actuarial and statistical models to find trends and insights that can be used for risk selection or differentiation, and costing improvements
  • Model and price deal transactions.
About you

Professional experience

  • A minimum of 4 years of experience in P&C commercial insurance. Good knowledge of Property and Casualty products in APAC markets.
  • Experience in commercial insurance pricing, portfolio profitability analysis and costing model and tool development. Know-how of reinsurance treaty pricing would be an additional advantage.
  • Familiarity with reserving techniques and can confidently operate between the two (reserving and costing) views, sufficiently identifying parallels and divergences in developing an independent costing assessment.
  • Exposure to market/LOB portfolio ownership, acting as a go-to person for quantitative questions and solutions, but also comfortable to be both an advocate and a provider of dissenting opinions.

Technical skills

  • A person with highly developed numerical and analytical skills Applying these skills using real business data to develop insights and practical solutions and to translate the quantitative work into effective visualizations for high impact communication.
  • A good understanding of actuarial methods, models, and related business processes.
  • Statistical programming skills (e.g. R, Phyton) and know-how of data science techniques is an advantage.
  • Review analytical results, derive recommendations, and communicate implications to all partners- from peers to senior leaders.
  • Able to challenge and defend assumptions, methods, and conclusions. Evaluate accuracy and uncertainty in models, according to the available data/information at hand.
  • Whilst attention to detail is important, there is oversight on the bigger picture, focusing efforts on areas or solutions that would have the highest impact.

Personal Leadership Skills

  • You are independent and accountable - and have the skill to priorities to complete plans to achieve high quality results on time.
  • You work for the collective success of the team, take own initiative, are open and diligent; and demonstrate collaboration and intercultural competence. It is important to contribute towards a collaborative team spirit, sharing standard methodologies and insights and motivating the whole team to work together.
  • You can articulate your work and channel your communications accordingly to various situations (advocating vs. dissenting) and be comfortable in communicating and defending your work.

Educational level

  • Master's degree in Mathematics, Statistics, Economics, or equivalent quantitative/ statistical fields
  • Good progression towards actuarial qualifications/ Exams

About Swiss Re


Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.



Keywords:
Reference Code: 128874

  • Pricing Actuary

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the Role: We are seeking an experienced and client focused Pricing Actuary to join our Portfolio Management team.The "Pricing Actuary" is a senior level standout colleague reporting into Team Lead Actuarial Portfolio Management P&S within Actuarial Portfolio Management Unit to execute the portfolio must-wins by using data driven techniques,In this...

  • Pricing Actuary

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the Role: We are seeking an experienced and client focused Pricing Actuary to join our Portfolio Management team. The "Pricing Actuary" is a senior level standout colleague reporting into Team Lead Actuarial Portfolio Management P&S within Actuarial Portfolio Management Unit to execute the portfolio must-wins by using data driven techniques, In this...

  • Pricing Actuary

    1 month ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the roleAs a Pricing Actuary, analyzing the profitability of the business is key We need to identify key drivers impacting the portfolio performance. We develop proposals in collaboration with business owners to mitigate gap between what has been costed against actual performance and ensuring the profitability of the book. You will work with...

  • Senior Assistant Pricing Actuary

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the Role:You will be a part of the Actuarial Reserving P&C Re team for Americas in Bangalore and will have the opportunity to apply your technical actuarial, modelling and data analytics skills across a wide variety of activities outlined below. You will have the opportunity for out of the box thinking while working on solutions to a broad range of...

  • Associate Pricing Actuary

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    Job Title: Associate Pricing Actuary Corporate Title: AssociateDivision: BOU-CUO P&C ReinsuranceLocation: Bangalore, IndiaAbout Swiss ReThe Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk - from natural...

  • Pricing Actuary

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the role As a Pricing Actuary, analyzing the profitability of the business is key We need to identify key drivers impacting the portfolio performance. We develop proposal in collaboration with business owners to mitigate gap between what has been costed against actual performance.You will work with counterparts in Underwriting, Reserving, Claims and...

  • Pricing Actuary

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the roleAs a Pricing Actuary, analyzing the profitability of the business is key We need to identify key drivers impacting the portfolio performance. We develop proposal in collaboration with business owners to mitigate gap between what has been costed against actual performance.You will work with counterparts in Underwriting, Reserving, Claims and...

  • Pricing Actuary P&C

    3 days ago

    Bengaluru, Karnataka, India Swiss Re Full time

    Pricing Actuary P&C Actuarial Services, FacultativeAbout Swiss ReThe Swiss Re Group is one of the world's leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk - from natural catastrophes to climate change, from ageing populations to cybercrime....

  • Pricing Actuary P&C

    1 month ago

    Bengaluru, Karnataka, India Swiss Re Full time

    Pricing Actuary P&C Actuarial Services, FacultativeAbout Swiss ReThe Swiss Re Group is one of the world's leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to...

  • Associate Pricing Actuary

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the roleAs Associate Pricing Actuary, you will be responsible to help senior team members in analyzing the profitability of the assigned line of business. You will help to identify drivers to portfolio performance and develop to mitigate gaps between what has been costed against actual performance. You will work with Senior team members and...

  • Associate Pricing Actuary

    1 month ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the roleAs Associate Pricing Actuary, you will be responsible to help senior team members in analyzing the profitability of the assigned line of business. You will help to identify drivers to portfolio performance and develop to mitigate gaps between what has been costed against actual performance. You will work with Senior team members and...

  • Pricing Actuary Casualty

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    Job Title: Pricing Actuary Corporate Title: Assistant Vice President Division: BOU-CUO P&C ReinsuranceLocation: Bangalore, IndiaAbout Swiss ReThe Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk - from...

  • Senior Actuarial Analyst

    2 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the TeamPart of pricing & underwriting services team with around 80+ members between Actuarial and Underwriting teams located in Bangalore. This role will be supporting Australia and New Zealand market (ANZ) for reinsurance pricing - actuarial and experience studies.Objective of RoleTo support the ANZ Pricing & ES team, by providing technical expertise...

  • Senior Actuarial Analyst

    1 week ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the TeamPart of pricing & underwriting services team with around 80+ members between Actuarial and Underwriting teams located in Bangalore. This role will be supporting Australia and New Zealand market (ANZ) for reinsurance pricing - actuarial and experience studies.Objective of RoleTo support the ANZ Pricing & ES team, by providing technical expertise...

  • Senior Actuarial Analyst

    6 days ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the TeamPart of pricing & underwriting services team with around 80+ members between Actuarial and Underwriting teams located in Bangalore. This role will be supporting Southeast Asia and India markets (SEAI) for reinsurance pricing - actuarial and experience studies(ES).Objective of RoleTo support the SEAI Pricing teams, by providing technical...

  • Senior Actuarial Analyst

    1 week ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the TeamPart of pricing & underwriting services team with around 80+ members between Actuarial and Underwriting teams located in Bangalore. This role will be supporting Southeast Asia and India markets (SEAI) for reinsurance pricing - actuarial and experience studies(ES).Objective of RoleTo support the SEAI Pricing teams, by providing technical...

  • Manager - Actuarial

    4 weeks ago

    Bengaluru, Karnataka, India Navi Full time

    Hiring Manager - Shantanu GaurAbout NaviNavi is one of the fastest-growing financial services companies in India providing Personal & Home Loans, UPI, Insurance, Mutual Funds, and Gold. Navi's mission is to deliver digital-first financial products that are simple, accessible, and affordable. Drawing on our in-house AI/ML capabilities, technology, and product...

  • Associate Director

    4 weeks ago

    Bengaluru, Karnataka, India Aon Corporation Full time

    Associate Director - Pricing, Tyche - STGDo you want to address the pricing modelling challenges faced by insurers?Do you want to be part of the dynamic Aon Tyche team who are developing cutting-edge systems for the insurance and reinsurance market?This is a fantastic opportunity for an experienced insurance practitioner to join a collaborative, friendly,...

  • Senior Actuarial Analyst

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the Role: To support Life & Health Pricing Office APAX in regional projects and initiatives; as well as providing support for other teams around the Asia region.Major responsibilities: Point of contact for governance queries from the market teams, other governance tasks such as updating Asia Costing and Pricing sta Regional Terms of Trade (ToT)...

  • Senior Actuarial Analyst

    4 weeks ago

    Bengaluru, Karnataka, India Swiss Re Full time

    About the Role: To support Life & Health Pricing Office APAX in regional projects and initiatives; as well as providing support for other teams around the Asia region. Major responsibilities: Point of contact for governance queries from the market teams, other governance tasks such as updating Asia Costing and Pricing sta Regional Terms of Trade (ToT)...