
Actuarial General Insurance Pricing
7 days ago
**Company Description**
General Requirements:
- Solid foundation in mathematics, probability, and statistics.
- Understanding of commercial insurance business.
- Knowledge of underwriting processes and insurance pricing methodologies (both traditional and innovative).
Mandatory Requirements:
- Hands-on experience in pricing for both short-tail and long-tail classes of commercial insurance (e.g., property and liability lines).
- Experience in pricing model development using exposure and experience rating methodologies.
- Strong understanding of loss development factors (LDFs), increased limit factors (ILFs), and loss curves.
- Ability to analyze, review, and adjust ILF/loss curves, including impact analysis.
- Experience in building pricing tools/raters using Excel or Rulebook.
- Proficiency in frequency, severity, and loss cost modeling.
**Qualifications**
- Graduation/Post graduation in Stats/Maths/Actuarial science
- Cleared actuarial exams preferred - ST-8 (General Insurance Pricing) from Actuarial Science curriculum
**Additional Information**
- Familiarity with actuarial tools such as EMBLEM/RADAR.
- Experience with data mining or statistical tools such as SAS, R, or Python.
- Knowledge of automation techniques using VBA macros.
- Background in ST-8 (General Insurance Pricing) from Actuarial Science curriculum.
- Experience in Generalized Linear Models (GLM) for frequency and severity modeling.
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