Pricing Actuary
15 hours ago
Job opportunity for General insurance pricing actuaries.
Experience - 3-8 years
Location - Gurugram
Notice period - Immediate joiners preferred
Job Description
Good experience in leading pricing projects including deployment of pricing tool into a business and discussions with underwriting.
Knowledge of mathematics, probability, statistics and Commercial Insurance business
Knowledge of Underwriting process and Insurance pricing methodologies (Conventional and Innovative approaches)
3-8 years’ experience in General Insurance Pricing modelling/Transformation/Actuarial Space
Qualifications
Work experience in Pricing for both short tail and long tail classes of commercial insurance
business (eg. property and liability lines)
Work Experience on pricing modelling using Exposure and Experience rating methodologies
Should have in-depth knowledge in determining LDFs of portfolio, using ILFs and Loss Curves
Should have built pricing tools/ raters on Excel or Rulebook
Should have knowledge on Frequency, Severity modelling and Loss cost modelling
Understanding of additive and multiplicative model flow
Additional information
Knowledge of Actuarial tools (EMBLEM/RADAR/RADAR LIVE), data mining tools like
SAS/R/Python, automation using VBA macros
Actuary in General Insurance Pricing Actuarial science would be preferable
Work experience on GLM modelling – Frequency and Severity
Experience in transforming old school Actuarial functions using new tools and technologies
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