Kshema General Insurance Limited
Location
Hyderabad | India
Job description
Job Description
: The Actuarial Analyst in the Pricing Team will play a pivotal role in analysing and developing pricing strategies for our insurance products. This position involves working closely with the actuarial, underwriting, and product development teams to ensure competitive and financially sustainable pricing. The ideal candidate will possess strong analytical skills, a keen understanding of the insurance market, and the ability to apply actuarial techniques to solve complex pricing challenges. Responsibilities: Assist in the development and implementation of pricing models and strategies for various insurance products. Work on the pricing for government business, including tenders. Analyse market trends, competitor pricing, and customer behaviour to inform pricing decisions. Collaborate with the underwriting and product development teams to ensure pricing strategies align with business objectives and risk appetite. Conduct profitability analysis and monitor the performance of pricing strategies, recommending adjustments as necessary. Prepare detailed reports, presentations and visualisation tools to communicate pricing analysis, results and recommendations to senior management. Support the actuarial team in regulatory filings and compliance related to pricing. Engage in continuous learning to stay current with industry developments, actuarial practices, and regulatory changes. Work closely with data scientists to utilise spatiotemporal data and build granular and dynamic pricing algorithms. Participate in cross-functional projects and initiatives as required. Requirements: Bachelor's degree in actuarial science, mathematics, statistics, commerce or a related field. Progress towards actuarial qualifications with a recognized actuarial body (e.g., Institute of Actuaries of India) is highly desirable. 1+ years of prior experience in an actuarial function within the insurance industry is advantageous, especially in pricing or related areas. Proficiency in MS Office Suite, VBA, SQL and Python along with use of emerging technologies like GPTs and Power Platforms is desirable. Deep understanding of actuarial principles, underwriting, regulatory environment, and product development processes Strong analytical and problem-solving skills. Strong attention to detail and ability to handle complex data. Good communication skills, with the ability to present findings in a clear and concise manner. A team player with a proactive approach to tasks and projects.Job tags
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