Pricing Modeller

5 days ago

Bengaluru, India Quality Matrix Full time

**Job id**
** QMR
- +91-XXXXXXXXXX

**Job Category**
** IT PROFESSIONALS

**Job title**
** Pricing Modeller

**Experience**
** 5-7 years

**City**
** Bangalore

**Description**
**General Requirements:
Knowledge of mathematics, probability, statistics and Commercial Insurance business - (General Liability, Professional Indemnity, Directors & Officers, Financial Lines).

Knowledge of Underwriting process and Insurance pricing methodologies (Conventional and Innovative approaches)

Mandatory Requirements:
Work experience in Pricing for classes of commercial insurance business (General Liability, Professional Indemnity, Directors & Officers, Financial Lines)

Work experience on GLM modelling - Frequency and Severity using Python / R (No need SAS, Radar, Emblem etc.)

Work Experience on pricing modelling using Exposure and Experience rating methodologies

Should have knowledge of determining LDFs of portfolio

Experience in ILF modelling and curve analysis would be a value add

Should be able to analyse the ILF curves/Loss curves, review them, make adjustments and perform impact analysis

Should have knowledge on Frequency, Severity modelling and Loss cost modelling

Knowledge of ST-8 General Insurance Pricing Actuarial science would be preferable

Experience in reviewing Rate Adequacy of Portfolio, performing model reviews and proposing rate changes on yearly basis

Screening parameters:
Work experience in General Insurance Pricing, Hands on exp in Python/R

Experience in GLM modelling for Frequency and Severity using Python/R

Knowledge on Pricing - Exposure & Experience rating techniques (familiar with key concepts like LDF, ILF, loss curves)

Cleared or appeared for Actuarial Science exam
- ST-8: General Insurance Pricing.

**No of positions - 1

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