Consultant/Senior Consultant - Actuarial Non-Life (Re) Insurance Consulting

WTW group; Gurugram District; On-site; INR 3,500,000 - 7,000,000; Full time

Job summary

Willis Towers Watson in Gurgaon (India) is seeking experienced non-life actuaries to join our growing actuarial consulting practice. You will work across reserve adequacy, pricing, IFRS 17 implementation, and capital modelling for global clients.

You will collaborate with leading insurers and reinsurers, coach juniors, and contribute to innovative actuarial solutions while travelling to client sites when required.

Qualifications

• 8+ years of actuarial experience in non-life insurance or general insurance consulting.
• Qualified Actuary or nearly qualified from IA I/IFoA or comparable body.
• Strong knowledge in reserving, pricing and IFRS 17 implementation practices.

Responsibilities

• Manage actuarial engagements across reserve adequacy reviews, liability valuation and independent peer reviews, pricing and IFRS 17 implementation, capital modelling, RBC, and reinsurance optimisation.
• Support design and implementation of technology-enabled actuarial solutions, including pricing/reserving analytics and IFRS 17 systems.
• Oversee end-to-end project delivery across multiple workstreams, ensuring technical excellence and quality.
• Build and maintain client relationships, acting as trusted advisor to senior stakeholders and delivering strategic insights.
• Drive thought leadership, develop actuarial methodologies/tools, and support business development initiatives.

Skills

Reserving

Pricing

IFRS 17

Excel

PowerPoint

Python

SQL

R

Power BI

Client communication

Education

Actuarial qualification (IAI/IFoA)

Tools

ResQ

Emblem

Radar

VBA

Job description

Description

About the Company:

Willis Towers Watson (NASDAQ: WTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets.
We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance.
Together, we unlock potential.

About the team

Our insurance consulting and technology (ICT) practice includes over 1,300 insurance practitioners who have expertise across markets, geographies and disciplines. We also work closely with our technology team who are responsible for developing some of the most innovative and widely used non-life actuarial software in the market including ResQ, Emblem, Radar, Igloo, Unify, Data Validator, WTW IFRS 17 Enterprise Solution and other such tools.

About the role

We are looking for non-life Actuarial professionals to join our growing actuarial consulting practice. The role offers exposure to insurance and reinsurance markets across multiple geographies and actuarial disciplines, including reserving, pricing, regulatory reporting, capital modelling, and International Financial Reporting Standards 17 (IFRS 17) implementation, while working with leading insurers and reinsurers globally.

You will work collaboratively with some of the market’s top thought leaders on domestic client engagements, catered to variety of requirements of non-life insurance companies. In addition, opportunities arise from time to time to support projects spanning across different Asia Pacific and European countries.

This role is based in Gurgaon (India) to support the insurance consulting team of Willis Towers Watson in India.

Key Responsibilities

• Manage and deliver actuarial consulting engagements across reserve adequacy reviews, liability valuation and independent peer reviews, pricing and product development, International Financial Reporting Standards 17 (IFRS 17) implementation and reporting, capital modelling and risk-based capital (RBC) assessments, reinsurance optimisation, mergers & acquisitions, business planning, market entry, regulatory reporting, and broader actuarial transformation initiatives for insurance and reinsurance clients globally.
• Support the design and implementation of technology-enabled actuarial solutions, including pricing and reserving analytics, International Financial Reporting Standards 17 (IFRS 17) systems, data transformation initiatives, process automation, and the digitalisation of actuarial and finance functions.
• Manage end-to-end project delivery, overseeing multiple workstreams, ensuring technical excellence, quality assurance, effective resource management, and the successful execution of complex client engagements.
• Build and maintain strong client relationships, acting as a trusted advisor to senior stakeholders and delivering insights and solutions that address strategic, financial, and regulatory priorities.
• Drive innovation, thought leadership, and practice development through research, intellectual capital creation, the development of actuarial methodologies and tools, and the design of differentiated market solutions.
• Contribute to business growth by identifying emerging client needs, developing new service offerings, supporting business development initiatives, and expanding existing client relationships.
• Guide and train junior team members on technical concepts and professional development, while fostering a culture aligned with WTW's values of Client Focus, Teamwork, Integrity, Respect, and Excellence.
• Willingness to travel to client site when required

Willis Towers Watson is an equal opportunities employer and does not discriminate on any basis.

Qualifications

The Requirement:

• 8+ years of actuarial experience within a non-life insurance company or the general insurance practice of a consulting, professional services, or insurance industry, in India and other geographies.
• Qualified Actuary or nearly qualified from the Institute of Actuaries of India, the Institute and Faculty of Actuaries (UK), or a comparable actuarial body.
• Strong technical knowledge of reserving, pricing and other common technical actuarial topics. desirable to have knowledge International Financial Reporting Standards 17 implementation practices.
• Proficiency in Microsoft Excel and PowerPoint, along with experience using general insurance actuarial software - ResQ, Emblem, Radar etc. Exposure to programming and data analytics tools such as Python, VBA, SQL, R, or Power BI would be advantageous.
• Strong communication and analytical skills to efficiently make judgements and explain results to senior leadership and identify solutions for clients, along with participate effectively in development of junior resources.
• Good to have hands-on experience on other geographies beyond India/APAC regions.
• Self-motivated to learn and develop new skills, ideas and solutions for clients. Ability to develop out-of-box solutions as part of projects.
• Proactive, energetic, and can demonstrate being a “safe pair of hands”.
• Good project management, task prioritisation and time management skills.
• Willingness to travel to client site when required

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email [e-mail]