SME I - Actuarial Pricing

Chubb; Bengaluru; On-site; INR 1,800,000 - 2,400,000; Full time

Benefits offered by this job

Hybrid Work Environment

Education Reimbursement

Health insurance

Job summary

Chubb India is seeking an SME in Actuarial Pricing to join the Actuarial department in Bangalore. The role focuses on pricing for Casualty lines and requires collaboration with the North America Casualty team on large account pricing for Primary/Excess Casualty business, including Auto, GL and Workers’ Compensation.

The candidate should have an analytical degree, progress in actuarial exams, and 5+ years of P&C pricing experience, with strong analytical and communication skills to work with

Qualifications

• Bachelor’s or equivalent in an analytical discipline; actuarial track encouraged.
• Pursuing actuarial exams with good progress.
• Minimum 5 years in Property & Casualty actuarial work; large account pricing advantageous.

Responsibilities

• Collaborate with North America Casualty team on large account pricing.
• Apply pricing methodologies including experience rating and exposure rating.
• Participate in pricing meetings and address questions on analyses and indications.
• Partner with underwriters to review outputs and communicate pricing outputs and recommendations.
• Contribute to ad hoc analyses and longer-term pricing initiatives.
• Maintain, enhance, and document pricing tools, templates, and processes.

Skills

Actuarial pricing

Analytical skills

Communication skills

Interpersonal skills

Project management

Education

Undergraduate degree in Mathematics/Actuarial Science/Statistics

Pursuit of actuarial exams

Tools

R

Python

SQL

Snowflake

Job description

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

About Chubb India

At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work® for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow.

With a team of over 2500 talented professionals, we encourage a start-up mindset that promotes collaboration, diverse perspectives, and a solution-driven attitude. We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape.

We offer an environment where you will be part of an organization that is dedicated to solving real-world challenges in the insurance industry. Together, we will work to shape the future through innovation and continuous learning.

Position Details

• Job Title:SME 1 - Actuarial Pricing
• Function/Department:Actuarial
• Location:Bangalore, India
• Employment Type:Full-time
• Reports To:Team Lead
• Role Overview -Pricing for Casualty lines

Key Responsibilities

• Collaborate with the North America Casualty team on core pricing responsibilities, with a focus on large account pricing for Primary/Excess Casualty business covering Auto, GL and Workers’ Compensation classes
• Apply Casualty pricing methodologies, including experience rating, exposure rating, and simulation techniques as necessary to support pricing analyses and underwriting decisions.
• Participate in pricing meetings and effectively address questions related to pricing analyses, assumptions, and indications.
• Partner closely with underwriters to review and communicate pricing outputs, key assumptions, and recommendations.
• Contribute to ad hoc analyses and longer-term pricing initiatives.
• Maintain, enhance, and document pricing tools, templates, and processes.

Skills and Qualifications

• Undergraduate degree in an analytical discipline such as Mathematics, Actuarial Science, Statistics, etc
• Pursuit of actuarial exams to qualify as an actuary and having good exam progress.
• 5+ years of relevant actuarial work experience in Property & Casualty insurance; experience in casualty lines and large account pricing is an advantage.
• Strong analytical skills with proficiency in statistical software (e.g., R, Python, SQL, Snowflake) and actuarial tools.
• Excellent communication skills, with the ability to convey complex information clearly to non-technical stakeholders.
• Strong problem-solving skills and attention to detail.
• Effective interpersonal skills, ability to manage competing projects, meet deadlines and work independently.

Why Chubb?

Join Chubb to be part of a leading global insurance company!

Our constant focus on employee experience along with a start-up-like culture empowers you to achieve impactful results.

• Industry leader:Chubb is a world leader in the insurance industry, powered by underwriting and engineering excellence
• A Great Place to work:Chubb India has been recognized as a Great Place to Work® for the years 2023-2024 and 2024-2025
• Laser focus on excellence: At Chubb we pride ourselves on our culture of greatness where excellence is a mindset and a way of being. We constantly seek new and innovative ways to excel at work and deliver outstanding results
• Start-Up Culture: Embracing the spirit of a start-up, our focus on speed and agility enables us to respond swiftly to market requirements, while a culture of ownership empowers employees to drive results that matter
• Growth and success: As we continue to grow, we are steadfast in our commitment to provide our employees with the best work experience, enabling them to advance their careers in a conducive environment

Employee Benefits

Our company offers a comprehensive benefits package designed to support our employees’ health, well-being, and professional growth. Employees enjoy flexible work options, generous paid time off, and robust health coverage, including treatment for dental and vision related requirements. We invest in the future of our employees through continuous learning opportunities and career advancement programs, while fostering a supportive and inclusive work environment. Our benefits include:

• Savings and Investment plans: We provide specialized benefits like Corporate NPS (National Pension Scheme), Employee Stock Purchase Plan (ESPP), Long-Term Incentive Plan (LTIP), Retiral Benefits and Car Lease that help employees optimally plan their finances
• Upskilling and career growth opportunities: With a focus on continuous learning, we offer customized programs that support upskilling like Education Reimbursement Programs, Certification programs and access to global learning programs.
• Health and Welfare Benefits: We care about our employees’ well-being in and out of work and have benefits like Hybrid Work Environment, Employee Assistance Program (EAP), Yearly Free Health campaigns and comprehensive Insurance benefits.

Join Us

With you Chubb is better. Whether you are solving challenges on a global stage or creating innovative solutions for local markets, your contributions will help shape the future. If you value integrity, innovation, and inclusion, and are ready to make a difference, we invite you to be part of Chubb India’s journey.