Senior Analyst I - Actuarial Pricing Modernization

Chubb Ltd.; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Chubb External Bengaluru invites a focused Analyst/Senior Analyst I – Actuarial Pricing (Radar CoE). You will translate rating manuals and Radar-based raters into pricing models, collaborate with line actuaries, and support live pricing with underwriting platforms.

Key tasks include validating premiums, updating Radar models, and performing impact/scenario analyses. This role suits someone aiming to advance pricing analytics in P&C, with strong Excel and scripting skills.

Qualifications

• 2-6+ years actuarial or pension experience; pricing principles knowledge.
• Experience with radar pricing models or radar suite is a plus.
• Strong MS Excel; VBA/Macros advantageous.

Responsibilities

• Translate rating manuals into Radar pricing models with actuarial input.
• Validate Radar-generated premiums against data sets for accuracy.
• Update Radar models; rate/modifier and algorithm changes.
• Assist with proof of concept projects; coordinate with onshore and offshore teams.

Skills

MS Excel

SQL

Python

R

VBA/Macros

Communication skills

Tools

Radar suite

Job description

Job Title: Analyst/Senior Analyst I – Actuarial Pricing (Radar CoE) Job Location: Bangalore Year of experience: 2-6 Years

Job Description/Key Tasks:

• As a member of the Radar CoE team at CBSI, candidate will be required to prepare and translate rating manuals or excel based raters into Radar pricing models (working in close conjunction with line actuaries) that can be used for live pricing with UW platforms and for actuarial pricing tasks (impact analysis, scenario analysis, generate rate monitoring reports etc).
• Validate premiums generated from Radar pricing model against available data sets to ensure model accuracy & consistency.

Work on radar model updates & enhancements such as rate/modifier, algorithm updates. Support with proof of concepts projects within the team.

This role presents an excellent opportunity for individuals looking to advance their career in Pricing Analytics within the Property & Casualty (P&C) industry.

Key skills required:

• 2-6+ years of experience in actuarial or pension roles (awareness of General Insurance pricing principles & LOBs would be preferred)
• Familiarity with rating algorithms & understanding or knowledge of raters (excel, PDF etc) would be a big plus.
• Prior work experience in Radar suite software will be an added advantage but not mandatory for the role.

Strong MS Excel skills is mandatory, and additional knowledge in VBA/Excel macros will be advantageous for data handling and automation.

Proficiency in programming languages such as SQL or R or Python, enabling efficient data manipulation and analysis.

The role will involve contributing, working & coordinating with both onshore and offshore teams (Actuarial, UW, IT etc.) at Chubb. Excellent communication & presentation skills are needed.