Associate Pricing Actuary

2 months ago


bangalore, India Swiss Re Full time

About the Role

This position is an exciting opportunity to join the International Pricing team part of Casualty Underwriting office. The focus area would be building of Actuarial Models to price Casualty Reinsurance business, calibration of parameters, maintenance of Actuarial pricing tools and providing training and support to the Underwriters. In this role you will give actuarial advice to treaty underwriters worldwide on more sophisticated and large risks or portfolios. Your primary responsibilities will include but not limited to:

Development of portfolio level costing parameters, models and analytics, . market curves, tiering and default or pre-submission loss ratios, for the Market Units and Casualty Desks Oversee submission Data imports for Complex and Simple business in coordination with the UW desks. Monitor portfolio development and initiate steering actions as needed (for Simple and Complex business) Collaborate with Underwriting Desks, Market Units and Underwriting transformation team to establish costing, portfolio steering & monitoring approaches. Collaborate with Tools & Systems team to actively influence tool development towards the Simplex vision as representative of user community. Participate in various Global Rate Review projects using sophisticated analytics tools like Palantir, R, Python, etc.

About You

We are happy to meet you if you possess:

Bachelor's degree in actuarial science/ Computer Science/Mathematics A good understanding of actuarial methods, models, and related business processes. A minimum of 2+ years of experience in P&C commercial insurance. Good knowledge of Property and Casualty products in APAC and or EMEA 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. Excellent interpersonal, communication and influencing skills. A continuous improvement mind-set and dedication to uncovering better ways of working. "CAN DO" mentality and willingness to learn new technologies to continuously upskill. Excellent communication and stakeholder management skills, with the ability to effectively communicate with both technical and non-technical audiences in an international environment.

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.

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Reference Code:  128688

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