Assistant Manager - Actuarial (Group Pricing) Canara HSBC Life Insurance Company

1.0 - 6.0 years

6 - 12 Lacs

gurugram

Work from Office

This role involves providing Group Business Quotations for Group Credit Life / Group Term Life (Employer employee as well as Affinity) in a controlled manner within agreed TATs, engage with sales team on regular basis to understand the quote priorities, client requirements, queries etc. related to group schemes, maintaining clear audit trails of all group quote pricing related activities in line with products F&U document as well as applicable rules and regulations, raise quote requests to reinsurers in order to obtain favorable reinsurance terms and ensure all the cases are discussed and reviewed by Line manager as per agreed approval matrix, maintain daily tracker of quote requests received from the sales and processed by the team. This role would also involve providing support in calculating Loss Ratio for existing Group schemes portfolio on regular basis as per the business requirements, Assist in Product pricing of any new/ modification of group products. This includes: Analysis of competition rates to develop a pricing mechanism to ensure product is competitive ensuring business and regulatory requirements are met. Assist in developing filling documentation required for IRDAI product filling. This role requires a sound understanding of actuarial principles, basis understanding in respect of group business and local regulations, ability of interacting with other departments and contribute in an intense and a TAT oriented environment. Provide Group Quotes in a controlled manner within agreed TATs. Ensure that the requirements from Sales and other teams related to quote priorities, competition rates are addressed in appropriate manner Follow the agreed quote process and approval matrix. Ensure all the data requirements for loss ratio analysis is received within agreed timelines Ensure pricing mechanism as per approved F&U, and IRDAI regulations are adhered while providing group quotes All the Product related work is completed within required timescales. Reduction in timescales for carrying out tasks of the team without any compromise in quality. This role is expected to maintain group quote TATs, priorities set by sales team, audit trails for quotes, take quotes from Reinsurer within required timelines. Suggest any gaps and areas of improvement in existing quote process based on sales feedback

Posted 4 days ago

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Senior Analyst I - Actuarial Pricing Chubb

3.0 - 7.0 years

0 Lacs

karnataka

On-site

Chubb is a world-renowned insurance company operating in 54 countries and territories. With a wide range of insurance services for commercial and personal needs, Chubb stands out for its diverse offerings, strong financial position, and global presence. As part of Chubb Limited, listed on the NYSE and the S&P 500 index, the company boasts a workforce of approximately 43,000 individuals worldwide. Chubb India is currently undergoing a digital transformation journey fueled by a commitment to engineering excellence and analytics. The company has been recognized as a Great Place to Work for the past three years, showcasing a culture that values innovation, growth, and collaboration. As a Senior Analyst I / II - Actuarial Pricing in Bangalore, India, you will play a crucial role in the EMEA Actuarial Analytics team at Chubb. Your primary responsibility will be to leverage your expertise in data engineering and technology to develop actuarial tools and manage data effectively. By supporting the transformation initiatives within the EMEA Pricing function, you will contribute to enhancing analytical capabilities, ensuring data quality, and optimizing reporting processes. Your role will be instrumental in providing precise insights for strategic decision-making, driving efficiency, and fostering innovation in actuarial practices. Key responsibilities of this role include developing, enhancing, and maintaining actuarial tools and models, collaborating with pricing actuaries to implement IT solutions, managing large datasets, automating data processing tasks, conducting data analyses, and streamlining reporting processes through user-friendly dashboards and visualizations. You will also be responsible for providing training and support to team members on actuarial tools and data management systems. To excel in this role, you should possess excellent problem-solving skills, 3-5 years of analytical experience, proficiency in programming languages (SQL, Python, R), familiarity with data visualization tools (Tableau, Power BI, Qlik), a solid understanding of actuarial principles and methodologies, attention to detail, effective communication abilities, and experience with database management concepts. At Chubb, you will have the opportunity to be part of a leading global insurance company known for its underwriting and engineering excellence. The company offers a supportive work environment that encourages a start-up-like culture, where employees are empowered to deliver impactful results. With a focus on greatness, innovation, speed, agility, ownership, and continuous learning, Chubb provides employees with a conducive environment to grow and succeed. Chubb values its employees" well-being and professional growth, offering a comprehensive benefits package that includes flexible work options, generous paid time off, robust health coverage, savings and investment plans, upskilling opportunities, and health and welfare benefits. By joining Chubb, you will be part of a company that prioritizes employee experience, excellence, growth, and success.,

Posted 1 week ago

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