Actuarial - Motor Pricing

Role : Actuarial - Motor Pricing

Job location: Lower Parel, Mumbai

Role & Responsibilities

• Develop, maintain and enhance Motor pricing models and pricing frameworks.
• Conduct pricing studies, experience analyses, and portfolio performance reviews to support pricing decisions.
• Support product and rate filings by preparing technical documentation and actuarial analyses.
• Analyse policy and claims data to identify trends, assess portfolio performance, and recommend pricing actions.
• Drive automation and continuous improvement of pricing processes and reporting.
• Partner with Underwriting, Claims, Product, Finance, Reinsurance, and Business teams on pricing initiatives.
• Lead pricing projects and mentor junior actuarial analysts.

Education and Actuarial Qualification

• Bachelor's/masters degree in Mathematics, Statistics, Actuarial Science, Engineering, Economics or another quantitative discipline.
• Good progress towards actuarial qualification (IAI, IFoA, or equivalent). 7-10 actuarial examinations cleared preferred.

Experience

• Experience in General Insurance, preferably in Motor Pricing or Actuarial Analytics.
• Experience in actuarial pricing, product/rate filings, portfolio management, and pricing governance.

Skills

• Strong understanding of Motor insurance pricing, actuarial pricing methodologies, and Generalized Linear Models (GLMs). Good understanding of insurance financial metrics, portfolio profitability, reserving concepts, and regulatory requirements.
• Hands-on experience with WTW Emblem, Radar. Proficiency in R, SQL, and Microsoft Excel.
• Strong analytical, problem-solving, and data interpretation skills.