Retail Health Pricing

Go Digit General Insurance Limited; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Go Digit General Insurance Limited in Bengaluru seeks an actuarial consultant to price and develop health insurance products, aligning with market needs and customer preferences.

You will lead pricing, analyze profitability, and collaborate with marketing, underwriting, and product teams to optimize offerings and ensure regulatory compliance throughout the product lifecycle.

Qualifications

• Actuarial pricing for health insurance products.
• Pricing methodologies and financial projections for health products.
• Share pricing methodologies and support team learning initiatives.

Responsibilities

• Develop and enhance health insurance products tailored to market needs and customer preferences.
• Conduct market research and competitive analysis to identify opportunities for new product features.
• Lead actuarial pricing for assigned products, determining premium rates based on risk and financial projections.
• Ensure compliance with insurance regulations and collaborate with regulatory teams for approvals.
• Analyze product performance and recommend modifications or discontinuations.
• Assess profitability through actuarial modeling and implement pricing adjustments.
• Evaluate risk exposure and recommend mitigation strategies in collaboration with underwriting.
• Support product launches with cross-functional teams including marketing and distribution.
• Utilize actuarial tools for claims and expense projections; perform sensitivity analyses.
• Monitor post-launch performance and adjust pricing based on KPIs.
• Customize offerings for target customer segments in collaboration with marketing.
• Share pricing methodologies and support team learning initiatives.

Skills

Actuarial Analysis

Retail Health Underwriting

Audit & Risk Management

Health Insurance Domain Knowledge

Strategic Decision-Making

Job description

Position Description: Actuarial consultant responsible for pricing and product development of health products.

Key Responsibilities

• Develop and enhance health insurance products tailored to market needs and customer preferences.
• Conduct market research and competitive analysis to identify opportunities for new product features.
• Lead actuarial pricing for assigned products, determining premium rates based on risk and financial projections.
• Ensure compliance with insurance regulations and collaborate with regulatory teams for approvals.
• Analyze product performance and recommend modifications or discontinuations.
• Assess profitability through actuarial modeling and implement pricing adjustments.
• Evaluate risk exposure and recommend mitigation strategies in collaboration with underwriting.
• Support product launches with cross-functional teams including marketing and distribution.
• Utilize actuarial tools for claims and expense projections; perform sensitivity analyses.
• Monitor post-launch performance and adjust pricing based on KPIs.
• Customize offerings for target customer segments in collaboration with marketing.
• Share pricing methodologies and support team learning initiatives.

Key Competencies

• Actuarial Analysis
• Retail Health Underwriting
• Audit & Risk Management
• Health Insurance Domain Knowledge
• Strategic Decision-Making

Behavioral Traits

• Analytical thinking and problem-solving
• Effective communication and collaboration
• Adaptability and continuous learning
• Attention to detail and accountability