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Gurgaon

    WNS - Actuarial Role - Pricing General Insurance - Gurgaon, India - Wns Global Services Private Limited

    Wns Global Services Private Limited
    Wns Global Services Private Limited Gurgaon, India

    Found in: Talent IN 2A C2 - 3 days ago

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    Description
    Role:
    Pricing Knowledge of mathematics, probability, statistics and Commercial Insurance business

    • Knowledge of Underwriting process and Insurance pricing methodologies (Conventional and Innovative approaches)
    Mandatory Requirements:


    • Work experience in Pricing for both short tail and long tail classes of commercial insurance business (eg. property and liability lines)
    • Work Experience on pricing modelling using Exposure and Experience rating methodologies
    • Should have indepth knowledge in determining LDFs of portfolio, using ILFs and Loss Curves
    • Should be able to analyse the ILF curves/Loss curves, review them, make adjustments and perform impact analysis
    • Should have built pricing tools/raters on Excel or Rulebook
    • Should have knowledge on Frequency, Severity modelling and Loss cost modelling
    Additional good to have requirements:


    • Knowledge of Actuarial tools (EMBLEM/RADAR), data mining tools like SAS/R/Python, automation using VBA macros
    • Knowledge of ST8 General Insurance Pricing Actuarial science would be preferable
    • Work experience on GLM modelling
    • Frequency and Severity Proficient in predictive analytics methodology and its use in the insurance industry.
    • Experienced in use of R, Python, and other opensource languages. Familiarity with AWS, SAS and Willis Towers Watson modeling software preferred.
    • Working knowledge of P&C insurance marketplace in the United States and the Independent Agent channel specifically.
    • Including an understanding of best practices and the competitive landscape.
    )
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