SalaryLocationIndiaIndustryBanking & Financial ServicesJob Description
•Collaborate in the design of new General Insurance health products along with other stakeholders and play a pivotal role in product development
•Create and review excel and EMBLEM models for pricing and profit testing
•Provide main technical inputs and ensure robustness of pricing models and illustrations
•Ability to provide insightful summary of the results of various iteration and sensitivities done during pricing
•Review and sign off on all the pricing related work before review by Appointed Actuary
•Prepare pricing reports, F&U and other necessary documents to facilitate product approval from IRDA
•Active involvement in finalizing the pricing assumptions and take necessary sign offs.
QUALIFICATION & EXPERIENCE:
•At least 6 Actuarial exams cleared
•Minimum prior experience of 3-5 years working in an insurance and/or actuarial consultancy is required
•Awareness of competitive landscape in the Indian General Insurance market and IRDA regulations would be an added advantage
Experience of EMBLEM product pricing and other statistical analysis software like R, SAS, SQL Server will be an added advantage.