Retail Health Pricing

GoDigit; Bengaluru; On-site; INR 1,500,000 - 2,300,000; Full time

Job summary

GoDigit is seeking an actuarial consultant focused on pricing and product development for health insurance offerings. The role involves leading pricing strategies, conducting market research, and collaborating with cross-functional teams to drive successful product launches.

The candidate will analyze profitability through actuarial models, monitor post-launch performance, and tailor offerings to different customer segments in Bengaluru and broader India.

Qualifications

• Experience in health insurance product pricing and development.

Responsibilities

• Develop and enhance health insurance products tailored to market needs and customer preferences.
• 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.
• Support product launches with cross-functional teams including marketing and distribution.
• 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 pricing

Product development

Market research

Competitive analysis

Regulatory compliance

Stakeholder collaboration

Actuarial modeling

Data analysis

Pricing strategy

Communication

Tools

Actuarial software

Job 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.

Health Insurance Domain Knowledge

Strategic Decision-Making

• Analytical thinking and problem-solving
• Effective communication and collaboration