Senior Actuarial Analyst

About Swiss Re

The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime.

The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organized into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.

About the Position

This position provides an ambitious opportunity to work on various actuarial projects in agile scrum setup.

You will be part of a team undertaking development and calibration of costing parameters, maintenance of pricing tools and providing actuarial consultancy to the Underwriters.

Also, you would get opportunities to work with Product Centre, Risk Engineering Services, P&C Underwriters from various desks. This position will be based out of Bangalore, India.

Principal Responsibilities:

1. Build Actuarial Models, Calibrating parameters like Rates, Exposure Curves, Benchmarks, ILFs and development & trend factors.
2. Participate in various Global Rate Review projects using sophisticated analytics tools like Palantir, R, Python, etc.
3. Create & maintain dashboards and reports for actuarial and data insights using various data visualization tools like Palantir or MS Power BI.
4. Working in collaboration with Underwriters across the Globe and provide for actuarial advice / consultancy for complex deals.
5. Actively involved in bringing the new models to the Underwriters and implementing them into the pricing tools. Preparation of technical actuarial documentation and User guides, Upload model parameters and testing the correctness/impact estimation.
6. You would contribute towards the overall goal of P&C&S Underwriting Hub Bangalore.

About the Team:

The Actuarial Services P&C (ASPC) Bangalore Team is part of the Property & Casualty Centre Cluster. The team works in very close collaboration with ASPC Team spread across Zurich, London and the US.

We develop the actuarial models, methods and tools used for pricing the single risk P&C reinsurance business. We make sure the Underwriters have good parameters to price their business. We are the go-to team for actuarial advice and perform the risk assessment for complicated deals.

About You:

• University Graduate / Postgraduate degree in Mathematics / Statistics / Actuarial Science / Engineering / Computer Science / Science.
• Relevant Working Experience of 4-6 years in Insurance / Reinsurance Industry - preferably with experience in pricing role.
• Is pursuing or willing to pursue Actuarial Science from any recognized professional body (IAI, IFoA or SOA/CAS) and has deep understanding of Insurance/Reinsurance concepts.
• Skilled in statistical and data analytics software and packages like R, Python, Power BI, etc.
• Proficient in Actuarial methods widely used in General Insurance Pricing.
• Inquisitive and willing to learn new technology and methods.
• Good oral and written communication skills.
• Experience of working in agile environment in multicultural distributed team.
• A self-starter and able to tackle problems and develop solutions
• Basic Project Management know-how is added advantage.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.