Head Group Pricing Life Insurance

2 days ago

Mumbai, Maharashtra, India Hipotz Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Role & responsibilities

To conduct and manage the group pricing actuarial function and group products. To comply with various IRDAI regulations as applicable for the line of business

Group Term Life Quotation Pricing

  1. Ensuring to set the pricing strategy / assumptions / methodology for the group term life line of business

  2. Pricing model updates from time to time

  3. Managing stakeholder expectations in terms of premium rates and profitability

  4. Managing reinsurers & reinsurance solutions for this line of business

Group Products Management

  1. Review the business requirements for group products both new products as well as modifications

  2. Developing, pricing, preparing product documentation, conducting Product Managing Committee meeting, filing with IRDAI, launching products, etc.

  3. Managing end to end product lifecycle

Group Funds

  1. Evaluating the profitability of funds on quarterly / annual basis

  2. Declaration of interest rates for traditional products on monthly/quarterly / annual basis, as per product design

Analysis of business

  1. Analyzing profitability of the GTL book on regular basis to take relevant decisions on group business

  2. Analysing the ceded experience to make sure we get competitive reinsurance terms from the reinsurer

  3. Performing experience studies for Group Term Life business, thereby recommending suitable actionables based on the outcome

Reinsurance

  1. All the reinsurance treaties, risk retention limit and other terms and conditions are regularly reviewed.

  2. Ensure reinsurance terms are competitive and effective.

  3. Reinsurance risk is diversified.

  4. Reviewing of treaties and driving the signing process

Automation

  1. Driving automation in all aspects of work

Note :

We kindly request that you apply only if you meet the relevant experience and skill set outlined in the job posting.

We will review all applications and respond accordingly based on suitability. Thank you for your understanding.

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