Job Description

Role: Pricing General

Requirements:

Knowledge of mathematics, probability, statistics and Commercial Insurance business.


Knowledge of Insurance process(es) and pricing methodologies (conventional and Innovative approaches)

Mandatory Requirements:

Work experience in Pricing for commercial insurance risks (eg. property LOB)Work experience on pricing modelling using Exposure and Experience rating methodologies.


Should have in-depth knowledge in pricing methodologies using EMBLEM and RADAR tools.


Should have built pricing tools/raters on Excel.


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 SQL/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 Work experience on Impact Analysis using Radar tool would be an added advantage.

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


Modelling (Frequency & Severity modelling) using- Emblem/R/SAS/Python

Qualifications

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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 Willis Towers Watson modeling software preferred.


Working knowledge of P&C insurance marketplace.


Knowledge and understanding of best practices and the competitive landscape.

Job Location

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