Group Manager

2 months ago


Gurugram, India WNS Global Services Full time
Job Description

Role: Pricing General

Requirements:

Knowledge of mathematics, probability, statistics and Commercial Insurance business Knowledge of Underwriting process and Insurance pricing methodologies (Conventional and Innovative approaches)

Mandatory Requirements:

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

Should have built pricing tools/ raters on Excel or Rulebook

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

Additional good to have requirements:

Knowledge of Actuarial tools (EMBLEM/RADAR), data mining tools like SAS/R/Python, automation using VBA macros

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

Work experience on GLM modelling – Frequency and Severity

Screening parameters:

Work experience in General Insurance Pricing

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

Exposure to Pricing Modelling (Frequency & Severity modelling) using– Emblem/R/SAS/Python


Qualifications

Proficient in predictive analytics methodology and its use in the insurance industry.

Experienced in use of R, Python, and other open-source languages. Familiarity with AWS, SAS and Willis Towers Watson modeling software preferred.

Working knowledge of P&C insurance marketplace in the United States and the Independent Agent channel specifically.

Including an understanding of best practices and the competitive landscape.


Additional Information

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