Pricing Actuary

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft; Bengaluru; On-site; INR 1,400,000 - 2,400,000; Full time

Job summary

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft in Bengaluru seeks an experienced actuarial pricing professional to shape profitability across a global underwriting portfolio. You will apply rigorous methods and interact with Underwriters and stakeholders across regions.

You will advance pricing models, work with data analytics tools, and contribute to strategic planning while collaborating with a diverse, global team in a hybrid work setting.

Qualifications

• Analytical problem-solver with ability to translate data into business insights.
• Bachelor's or Master's in quantitative field; actuarial progress preferred.
• Excellent communication and cross-functional collaboration skills.
• Experience in property or casualty pricing and global teams.

Responsibilities

• Independently price cases using actuarial methods and communicate findings to underwriters.
• Evaluate portfolio profitability with Experience Rating and Exposure Rating.
• Deliver technical insights supporting financial performance across sub-portfolios.
• Perform advanced statistical analyses and data slicing to identify trends.
• Present findings to Portfolio Managers, Finance, Actuarial, and underwriting teams.
• Update pricing model parameters during reviews, focusing on Fire costing model.
• Enhance models and develop approaches for emerging risks and perils.
• Manage data pipelines for analytics, model reviews, and improvements.
• Contribute actuarial insights to yearly planning and strategy.

Skills

Analytical thinking

Communication skills

Self-starter mindset

Global teamwork

Education

Bachelor's/Master's degree in Mathematics, Statistics, Economics or equivalent

Tools

R

Python

SQL

Data visualization tools

Job description

re you ready to shape the future of risk assessment in the commercial insurance space? Join our dynamic team where your analytical expertise will directly impact global business decisions and portfolio performance!

About the Role

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 methodologies and effectively communicate findings with Underwriters and key stakeholders
• Evaluate portfolio profitability through sophisticated techniques including Experience Rating and Exposure Rating
• Deliver technical insights that support financial performance management across various sub-portfolios
• Perform advanced statistical analysis and data slicing on portfolios to uncover trends and opportunities
• Present valuable findings to cross-functional teams including Portfolio Managers, Finance, Actuarial, and underwriting departments
• Update and refine pricing model parameters during actuarial rate reviews, with particular focus on our proprietary Fire costing model
• Enhance existing models and develop innovative approaches for emerging risks and perils
• Manage data pipelines and transformations for analytics, model reviews, and continuous improvements
• Contribute to yearly planning exercises by providing actuarial insights that support business strategy

About the Team

We are a global team of Actuaries spread across Bangalore, Munich, Zurich, Manchester, London, New York, Windsor and Kansas City. Our team comprises qualified and student Actuaries who work on the largest portfolio for Swiss Re CorSo. As part of the Underwriting Unit reporting directly to the Chief Underwriting Officer (CUO), we play a critical role in business decision-making. We foster an inclusive culture that celebrates diverse perspectives and innovative thinking, ensuring everyone has equal opportunities for professional growth and development.

About You

You're an analytical problem-solver who thrives in a collaborative environment and enjoys translating complex data into actionable business insights. Your communication skills allow you to effectively partner with stakeholders across multiple functions and geographies.

We are looking for candidates who meet these requirements:

• Bachelor's/Master's degree in Mathematics, Statistics, Economics or equivalent quantitative field from a recognized university
• Minimum 5 years of actuarial experience, preferably in property or casualty line of business pricing
• Progress toward recognized actuarial qualifications
• Strong proficiency in analytical tools such as R, Python, or SQL
• Excellent communication skills and a solution-oriented, self-starter mindset.
• Experience with commercial property insurance products
• Familiarity with data visualization tools
• Experience working in global, cross-cultural teams

Why Join Us?

• Work in a multicultural, high-performing environment with global exposure
• Influence high-impact portfolio decisions that shape business strategy
• Collaborate with world-class experts across various business functions
• Excellent opportunities for professional development and model innovation

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace 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.

We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

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