AVP/Chief Manager - Actuarial - Insurance

Pricing experience:

- New product pricing for comprehensive Health products for a P&C insurer in India

- Designed a new product involving decision-making with respect to coverage, sub-limits, waiting periods, exclusions and other T&Cs

- Determined the street premium for multiple new products via experience analysis by sensitivity testing the inputs and enabling assumption setting, desktop research and competitor benchmarking

- Collaborated with teams across product, claims, sales and actuarial domain regarding rates, loadings, benefits and product placement in the market to eliminate/mitigate misalignment

- Prepared technical notes, rate charts and other documents required for regulatory filing

- Portfolio segmentation via multivariate/GLM modelling using Emblem for an Indian P&C insurer

- Analyzed frequency and severity of Motor OD for the Private Car segment

- Used Motor TP Industry data to generate a market vs company view to help an Indian P&C insurer identify the size and opportunity of their untapped market

- Scenario and Simulation Testing for assessment of alternative rating structure o Built model in Radar to test for change in rates, factor relativities, discounting, risk margins for a target LR

Reserving experience:

- Supported actuarial due diligence for an Indian P&C insurer

- Conducted independent assessment of IBNR reserves from both the sell-side and the buy-side focusing on other key areas such as attractiveness of the products, settlement patterns and settlement ratios

- High level review of reinsurance arrangement by analyzing credit worthiness of the reinsurers, concentration of risk and calculating the expected probability of default on the total book

- Managed team of associates on multiple reserving assignments

- Assisted the peer reviewer of statutory actuarial valuation in reviewing reasonableness of the methodology, assumptions and the actual reserves held by the company

- Carried out end-to-end reviews of the claims and premium liabilities for health care systems, mutual insurers and general insurance companies involving an array of reserving methods

- Conducted sensitivity analysis on the point-estimate results to explain variability

- Guided junior associates while ensuring quality and timely delivery of the work products