5 Reinsurance Pricing Jobs

You should have 4 to 8 years of relevant experience in Reinsurance Pricing and Capital Modelling. Your responsibilities will include: - Demonstrable expertise in Reinsurance treaty pricing. - Conducting end-to-end pricing across various (Re)insurance structures such as QS, per Risk XoL, Agg XoL, Stop Loss, Indexed Layers, etc. - Utilizing exposure rating and experience rating methodologies. - Handling large datasets for modeling, including preparing and manipulating data. - Modeling premium and pricing features like reinstatements, AADs, swing-rated deals. - Deriving and reconciling Loss Development Factors (LDFs) and development patterns. - Providing support and input to enhance the efficiency of individual risk assessment, such as automated data manipulation. In terms of Capital Modelling, you should have: - Understanding of Solvency II regulation and Capital Requirements. - Experience in Standard Formula calculations and reporting. - Proficiency in internal capital modelling, calibration, validation, and reporting. If you are interested in this position or have any references, please feel free to reach out to riya@beanhr.com.,

We believe that every candidate brings something special to the table, including you! So, even if you feel that you're close but not an exact match, we encourage you to apply. We'd be thrilled to receive applications from exceptional individuals like yourself. Gallagher, a global industry leader in insurance, risk management, and consulting services, boasts a team of over 50,000 professionals worldwide. Our culture, known as "The Gallagher Way," is driven by shared values and a passion for excellence. At the heart of our global operations, the Gallagher Center of Excellence (GCoE) in India, founded in 2006, upholds the values of quality, innovation, and teamwork. With 10,000+ professionals across five India locations, GCoE is where knowledge-driven individuals make a significant impact and build rewarding, long-term careers. Gallagher Re actuarial team uses deep actuarial skills along with high-quality analytical and problem-solving prowess to assist clients in enhancing their business performances and optimize their reinsurance portfolios. The expertise obtained over several years of market presence allows the client-oriented teams to provide the finest services. As a candidate, you will work in Reinsurance Pricing teams for business lines like Property & Casualty, Motor, and/or Specialty lines like Aerospace and Marine. The teams provide pricing of contracts and dynamic portfolio optimization for international clients serviced via our international offices. Your principal responsibilities will include: - Data cleansing and processing to facilitate actuarial analysis - Assisting on-shore stakeholders and Actuaries in performing Actuarial Pricing Analysis such as Experience rating and Exposure rating for building a comprehensive, multi-dimensional loss model in accordance with client risk profiles and industry norms - Estimating reinsurance pricing and determining optimal Reinsurance Strategies - Preparing and providing reports and decks for the performed analyses - Contributing towards Industry studies and Benchmarking activities that aim at promoting Gallagher Re as a thought leader in the reinsurance marketplace - Contributing to the development of innovative concepts, tools, or automating the current process. About you: - Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce - A student member of any of the following institutes: - Institute of Actuaries of India (IAI) - Institute of Faculties of Actuaries UK (IFoA) - 3-6 Actuarial exams cleared as per the new Curriculum, along with zeal for pursuing the qualification further - Professional communication skills, both written and oral - Good understanding of insurance and reinsurance concepts - Strong analytical and problem-solving skills - Propensity to think beyond the assignment at hand and show the ability to be detail-oriented - Driven to take initiatives and challenging work - Ability to work collaboratively in a team - Ability to turn around work of professional quality within set deadlines - Excellent MS Office skills, particularly Excel is essential - Knowledge of VBA, SQL, Python, R, Power BI, etc., is an added advantage - A relevant internship or industry experience of 2-5 years will be an added advantage. We value inclusion and diversity. Inclusion and diversity (I&D) is a core part of our business and is embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees" diverse identities, experiences, and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. Additionally, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability unless the accommodation would impose an undue hardship on the operation of our business.,

Sr Analyst\AM\Manager : Reinsurance Pricing and Capital Modelling Reinsurance Pricing: In-depth understanding of Reinsurance treaty pricing (with demonstrable experience) End-to-end pricing across a range of (Re)insurance structures (QS, per Risk XoL, Agg XoL, Stop Loss, Indexed Layers etc) Exposure rating (where applicable) Experience rating using frequency/severity and burning cost etc approaches Dealing with large data sets preparation and manipulation for modeling, including: Modeling premium and pricing (and loss-sensitive) features e.g. reinstatements, AADs, swing-rated deals Derivation and reconciliation of LDFs and development patterns Support and input on increasing efficiency of individual risk assessment where possible e.g. automated data manipulation Capital Modelling: Understanding of Solvency II regulation and Capital Requirements Standard Formula calculations and reporting Internal capital modelling, calibration, validation, and reporting

Role & responsibilities Reinsurance Pricing: In-depth understanding of Reinsurance treaty pricing (with demonstrable experience) End-to-end pricing across a range of (Re)insurance structures (QS, per Risk XoL, Agg XoL, Stop Loss, Indexed Layers etc) Exposure rating (where applicable) Experience rating using frequency/severity and burning cost etc approaches Dealing with large data sets preparation and manipulation for modeling, including: Modeling premium and pricing (and loss-sensitive) features e.g. reinstatements, AADs, swing-rated deals Derivation and reconciliation of LDFs and development patterns Support and input on increasing efficiency of individual risk assessment where possible e.g. automated data manipulation Capital Modelling: Understanding of Solvency II regulation and Capital Requirements Standard Formula calculations and reporting Internal capital modelling, calibration, validation, and reporting If someone is interested and have any reference, kindly share the updated resume on riya@beanhr.com Thanks & Regards, Riya Choudhary Bean HR Consulting-"Ahead Your Search" https://beanhr.com Locations:- Ghaziabad (Delhi-NCR) / Dehradun

Job Overview: As a candidate for the role, you will be expected to understand the basics and principles of cat modeling and outputs such as exposure, hazard, geocoding, vulnerability, and financial models. You should possess knowledge of using one or more cat modeling software like RMS, AIR, IF, etc. Your tasks will involve running and analyzing QBE exposures on various modeling software tools such as Risk Modeler, AIR Touchstone, and ELEMENTS based on project requirements and business needs. Additionally, you will be required to comprehend different model profile settings, conduct sensitivity tests, and extract and report results. Understanding the client's exposure and risk perspective to facilitate informed decision-making and becoming familiar with in-house tools will also be part of your responsibilities. Responsibilities: In this role, your responsibilities will include but not be limited to: - Performing model validation and offering recommendations on model usage or necessary adjustments. - Collaborating with internal teams and external data providers to analyze data, including scientific information, claims, and insured exposure. - Contributing to and leading Group projects when necessary, while interacting with various teams globally. - Generating customized reports on exposure and modeled results. - Evaluating re/insurance pricing for individual accounts and product classes. - Analyzing catastrophe reinsurance structures and strategies to support reinsurance placements. - Assisting in analyzing real-time events and extracting insights from post-event reviews. Qualifications and Experience: To be successful in this role, you should possess the following qualifications and experience: - A postgraduate or undergraduate degree, preferably in a quantitative, scientific, or environmental discipline. - Strong analytical and numerical skills to analyze large datasets effectively. - Experience working with re/insurance catastrophe data and/or catastrophe modeling software. - Excellent written and verbal communication skills with the ability to explain technical concepts clearly. - Proactive attitude towards identifying inefficient processes and developing improvements. Desirable Requirements: Additionally, having the following qualifications would be desirable: - Knowledge of commercial insurance and/or the catastrophe modeling industry. - Sound working knowledge of RMS/AIR and other vendor modeling platforms. - Coding experience in a relevant language such as SQL, VBA, R, or C#. - Experience in using mapping software like GIS. Qualifications: A degree in Mathematics, Applied Mathematics, Statistics, Engineering, or Actuarial Science would be beneficial for this role.,