AM/DM - Actuary Pricing

Hands On; Dadri, New Delhi, Gurugram District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Hands On is seeking an experienced pricing actuary to develop and maintain sophisticated pricing models for health and general insurance products in the Indian market. The role involves analysing claims data, underwriting experience, and market trends to refine pricing assumptions and strategies.

You will collaborate with product development, underwriting, and sales teams to assess financial viability of new propositions and support regulatory filings related to pricing.

Qualifications

• Pricing analysis and modelling for health/general insurance products.
• Experience analysis and adjustments to pricing parameters.
• Regulatory filings related to pricing.

Responsibilities

• Develop and maintain pricing models for health insurance products.
• Collaborate with product, underwriting, and sales to provide actuarial insights.
• Monitor profitability and prepare reports on pricing adequacy and market competitiveness.

Skills

Pricing analysis

Actuarial modelling

SAS

Python

Databricks

SQL

Excel/VBA

Tools

R

Job description

Role & responsibilities

• Pricing Analysis & Modelling:
  • Develop and maintain sophisticated pricing models for new and existing health insurance products, including retail, group, and innovative offerings.
  • Conduct in-depth analysis of claims data, underwriting experience, and market trends to inform pricing assumptions and strategies.
  • Perform experience analysis and recommend appropriate adjustments to pricing parameters.
  • Utilize actuarial software and statistical tools for data analysis and modelling (e.g, SAS,Databricks R, Python, SQL, Excel/VBA).
• Product Development Support:
  • Collaborate closely with the product development, underwriting, and sales teams to provide actuarial insights and support the design of new and revised products.
  • Assess the financial viability and risk profile of new product propositions.
  • Assist in the preparation of regulatory filings related to product pricing.
• Performance Monitoring & Reporting:
  • Monitor the profitability and performance of various products and segments, identifying areas for improvement or intervention.
  • Prepare and present regular reports on pricing adequacy, claims experience, and market competitiveness to senior management.

Preferred candidate profile

• Relevant experience into health/general insurance pricing in Indian market
• R, Python, SAS, Databricks