Consultant - Actuaries - Non Life

Job Responsibility

- Actuarial Reserving - UK & US (audit and independent review) Provide actuarial opinion, consulting and audit support for US and UK based insurance companies, self-insuring corporations and captive insurers to calculate IBNR loss reserves, ALAE reserves and ULAE reserves and submit Actuarial Summary Review Memorandum. perform capital modeling exercises.

- Capital Model validation which involved review of the model structure including model parameterization and calibration, review of the results for completeness and adequacy, benchmarking against peers and documentation of the final findings and analysis.

- Validation of standard formula SCR calculation for various Non-Life Insurance companies using the Llyods SCR validation template as a part of Solvency II requirement for the different risk segments.

- Produce Statement of Actuarial Opinion (SAO) for US Trust fund & Whole account

- Convert GAAP reserves (Llyods QMA223) to the Solvency II Technical Provisions TP), having insight on the different bridging components to calculate the net TPs.

- Analysed business requirements for Rating from product model and rating requirements perspective.

- Configured rate books in Policy Center that includes mapping rating variables, designing rate tables and algorithms.

- Provided insurance expertise in understanding the rate table design specification, which involves inclusion of key rating variables and its configuration.