Pricing Actuary

Bangalore, Karnataka
Permanent
Full-time

21 days ago

About the RoleAre you aspiring to be a Pricing Actuary in the Commercial General Insurance space? This role offers the opportunity to develop product expertise and analytical skills crucial to enhancing the profitability of a global underwriting portfolio.As a key team member, you will use actuarial methods and data-driven techniques to analyze portfolios, set costing parameters, and influence business decisions with a focus on our in-house proprietary property costing model. You will have a direct impact in steering your portfolio and ultimately the overall Business Unit's performance.Key Responsibilities

Independently conduct case pricing using actuarial reviews and communicate findings with Underwriters and stakeholders.
Evaluate portfolio profitability using techniques like Experience Rating and Exposure Rating.
Deliver technical insights to support financial performance management across various sub-portfolios.
Perform statistical analysis and data slicing on portfolios and sub-portfolios.
Present insights to cross-functional teams including Portfolio Managers, Finance, Actuarial, and underwriting departments.
Update pricing model parameters during actuarial rate reviews, particularly for the in-house Fire costing model.
Enhance models and develop new ones for emerging risks and perils.
Manage data pipelines and transformation for analytics, model reviews, and improvements.
Contribute to yearly planning exercises by providing actuarial inputs and supporting business strategy.

About the TeamWe are a global team of Actuaries spread across the globe in Bangalore, Munich, Zurich, Manchester, London, New York, Windsor and Kansas City. Our team comprises of qualified and student Actuaries who work on the largest portfolio for Swiss Re CorSo. We are part of the Underwriting Unit and report to the Chief Underwriting Officer (CUO).We foster an inclusive culture that values diverse perspectives and innovative thinking, ensuring equal opportunities for professional growth.About YouTo thrive in this role, you should have:

A Bachelor's/ Master's degree in a Mathematics, Statistics, Economics or equivalent quantitative/numerical field from a recognized university.
At least 5 years of actuarial experience, ideally in pricing for property or casualty line of business.
Progress toward actuarial qualifications.
Strong proficiency in tools such as R, Python, or SQL.
Excellent communication skills and a solution-oriented, self-starter mindset.

Why Join Us?

Work in a multicultural, high-performing environment.
Influence high-impact portfolio decisions.
Collaborate with global experts across business functions.
Opportunities for professional development and model innovation.

About Swiss Re Corporate SolutionsSwiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.Keywords:
Reference Code: 134602

Swiss Re

Apply Now