Actuarial Analyst

Digit Insurance; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading insurance company is seeking an Actuarial Analyst in Bengaluru, India to leverage data science in enhancing pricing, underwriting, and risk strategies for non-motor insurance products. Responsibilities include developing predictive models, collaborating with actuaries, and communicating findings. The ideal candidate should possess strong skills in statistical modeling and predictive analytics, with a knack for data-driven decision-making.

Qualifications

• Experience in statistical modeling and data analysis for insurance products.
• Strong skills in predictive analytics and risk management strategies.

Responsibilities

• Utilize statistical techniques to extract insights from datasets.
• Develop predictive models for assessing risk and pricing.
• Collaborate on refining pricing models based on data findings.
• Identify optimizations for pricing and claims processes.
• Ensure data quality through validation procedures.
• Communicate findings to management and stakeholders.

Skills

Statistical Modeling

Predictive Analytics

Data Cleaning

Insurance Risk Assessment

Actuarial Techniques

Job description

Position Description

Actuarial Analyst responsible for leveraging data science to enhance pricing, underwriting, and risk strategies for non‑motor insurance products.

Key Responsibilities

• Utilize statistical and data analysis techniques to extract meaningful insights from large datasets.
• Develop and maintain predictive models to assess risk and pricing strategies for non‑motor insurance products.
• Collaborate with actuaries to refine pricing models and underwriting guidelines based on data‑driven findings.
• Identify opportunities to optimize pricing, underwriting, and claims processes through advanced analytics.
• Ensure data quality and integrity by implementing robust validation and cleaning procedures.
• Communicate analytical findings and actionable recommendations to senior management and stakeholders.
• Stay updated on industry trends, emerging analytics technologies, and regulatory changes affecting non‑motor insurance.
• Contribute to the development and execution of data analytics strategies to enhance market competitiveness.

Key Competencies

• Statistical Modeling & Predictive Analytics
• Data Cleaning & Validation
• Insurance Risk Assessment
• Actuarial Techniques & Pricing Models

Behavioral Traits

• Analytical thinking and problem‑solving
• Clear and effective communication
• Collaboration and cross‑functional teamwork
• Curiosity and continuous learning
• Business acumen and strategic mindset