KEY RESPONSIBILITIES:

Product Pricing

● Proposing rating structure and develop rates/review and revise rates for retail products using advanced statistical techniques such as Generalized Linear Model

● Collaborate in the design of new General Insurance P&C 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.

● Work with other functional stakeholders for execution and review of technical pricing

dashboards.

● Ability to provide insightful summary of the results of various iterations and sensitivities done during pricing.

● Responsible for data analytics and management

● 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 taking necessary sign offs.

MEASURES OF SUCCESS:

● Ability to work with minimum supervision and problem-solving ability.

● Completion of tasks on time and at desired standards including documentation and audit trials.

● Accuracy of results and comprehensiveness of the pricing model/reports.

● Liaise with other members within the Product management team and accomplish other projects that are assigned from time to time.

QUALIFICATION & EXPERIENCE

● At least 6 Actuarial exams cleared.

● Minimum prior experience of 3-5 years working in a general insurance and/or actuarial

consultancy on motor or health line of business is required.

● Awareness of the 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 preferred.