Actuarial - General Insurance - Commercial Pricing WNS Global Services

3.0 - 7.0 years

0 Lacs

karnataka

On-site

Job Description: As a Pricing General at our company, you will play a crucial role in pricing for commercial insurance risks, particularly in the property line of business. Your responsibilities will involve utilizing your knowledge of mathematics, probability, statistics, and Commercial Insurance business to develop innovative pricing methodologies. You will be expected to work on pricing modelling using Exposure and Experience rating methodologies, with a strong emphasis on tools like EMBLEM and RADAR. Additionally, you will be involved in building pricing tools/raters on Excel, as well as conducting Frequency, Severity modelling, and Loss cost modelling. To excel in this role, you must have prior work experience in Pricing for commercial insurance risks, along with a deep understanding of pricing methodologies using tools like EMBLEM and RADAR. Knowledge of actuarial tools such as EMBLEM/RADAR, data mining tools like SQL/R/Python, and automation using VBA macros will be advantageous. Familiarity with ST-8 General Insurance Pricing Actuarial science is preferable, as well as experience in GLM modelling, Frequency and Severity, and Impact Analysis using Radar tool. To ensure that you meet our screening parameters, you should have a strong background in General Insurance Pricing and a solid understanding of Pricing Exposure & Experience rating techniques. It will be beneficial if you have cleared or appeared for Actuarial Science exam- ST-8: General Insurance Pricing and have experience in Modelling (Frequency & Severity modelling) using Emblem/R/SAS/Python. Ideally, you should be proficient in predictive analytics methodology and its application in the insurance industry. Experience with R, Python, and other open-source languages is essential, with familiarity with Willis Towers Watson modeling software being a plus. A working knowledge of the P&C insurance marketplace, along with an understanding of best practices and the competitive landscape, will also contribute to your success in this role.,

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