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Manager-Actuarial

Manager-Actuarial

ConfidentialIndia
2 days ago
Job description

Product Pricing and filing

  • Gathers data from various stakeholders and analyzes historical data / risk parameters / expected loss cost / loss ratio calculations / other metrics to assist in pricing of various products so as to maintain desired profitability for BAGIC
  • Responsible for analyzing inputs and deriving the pricing for tenders floated under government schemes
  • Responsible for analyzing inputs and deriving the pricing for retail products / large business quotes
  • Providing inputs on new (including revisions) product design and structure
  • Collaborating with concerned stakeholders such as underwriters, marketing, product development etc. with regards to the pricing and filing the same with IRDA.
  • Prepare technical documents related to pricing
  • Review all documents being signed by Appointed Actuary and then filed with IRDAI for accuracy and consistency.

Portfolio Monitoring and Analysis

  • Analyze existing retail portfolio performance on key factors by creating KPI reports for the same
  • Creating specific reports as an when required by other stakeholders – UW / Marketing / claims
  • Provide support w.r.t. profitability review, projections of experience and renewal decisions
  • Analysis And Adhoc Requirements

  • Uses market data to carry out competitor analysis, trend analysis, and price benchmarking
  • Assist in the development of pricing / distribution tactics that maximize profitability for target volumes
  • Collaborate with the product development team in product filing
  • Assistance with logics for system development different products
  • Provide Support in a wide range of potential exercises relating to : analyzing the results and performance of products, reinsurance tenders, product development and other actuarial work.
  • Assist Fraud Investigation Team with logics to develop or improvise fraud detection models
  • Provide logics to MIS to ensure various stakeholders (UW / claims / marketing / product) get the reports they require
  • Analyse IIB data prepare reports and share it with Management / various stakeholders
  • Skills Required

    Competitor Analysis, Product Pricing

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    Manager-Actuarial • India

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