Actuarial General Insurance Pricing

4 days ago

Bengaluru, Karnataka, India WNS Full time ₹ 15,00,000 - ₹ 25,00,000 per year

We are seeking actuarial professional to join our Actuarial team. This role will be pivotal in leading statutory forecasting, supporting reinsurance transactions, and shaping valuation methodologies for new product development and regulatory changes. The ideal candidate will possess deep expertise in US/ UK Statutory frameworks, actuarial modeling, risk and cross-functional collaboration.

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
  • Proficient in predictive analytics methodology and its application in the insurance industry.
  • 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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