Gurgaon

Mumbai

Part Qualified

Associate

Qualified

Life

Health

Property & Casualty

Products

Reserving

Reporting

Reinsurance

Risk

Systems

Python

Modelling

Prophet

Coding

Pricing

Valuation

Consulting

Excel

MG-ALFA

AXIS

The Company OverviewAon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement, and health solutions.Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.Aon India Insurance Brokers Private Limited, licensed since 2017, is a composite insurance broker delivering insurance and reinsurance broking services to corporate clients in India.Aon India has over 500 colleagues across nine locations in India.Job Dimensions (role and responsibilities):<ul><li>Experience in various actuarial pricing techniques such as experience and exposure rating.</li><li>High level of proficiency in dynamic financial analysis (DFA) for the purposes of reinsurance optimization and reinsurance pricing.</li><li>An understanding of the various reinsurance structures to manage risk and implementation of them within the modelling framework.</li><li>Play a proactive role in establishing and upholding actuarial best practice including technical peer review with potential scope to participate on the regional Actuarial Practice Group (APG).</li><li>Take on responsibility as actuarial territorial contact, liaising with clients and colleagues to establish client project objectives and outcomes, and manage these projects.</li><li>Do presentations and conduct training sessions relating to actuarial work and methods, ensuring the effective and efficient communication of concepts and key outcomes to both colleagues and clients.</li><li>Peer review projects undertaken by other team members and provide guidance and mentoring to junior analysts whenever required.</li><li>Provide support around workflow management for renewals including managing and delivering project outcomes for domestic and regional clients.</li><li>Assist in driving improvements in efficiency in actuarial projects aligned with commercial needs and help develop the articulation in delivery of actuarial outcomes.</li></ul>Work location is Mumbai.Need to be a University graduate in Business, Economics, Actuarial Science, or related fields such as Finance or Statistical studies. Actuarial qualification or working towards actuarial qualification is strongly preferred.Minimum 3+ years’ relevant experience in the Non-Life insurance industry working in consulting, product development, marketing, or analytical roles. Reinsurance experience would be a major plus.Key Performance Indicators:<ul><li>Impeccable customer service.</li><li>Developing and maintaining actuarial networks and key relationships.</li><li>Insurance and/or reinsurance pricing and tendering experience.</li><li>Natural taste for tackling challenges and creating new market norms.</li><li>This role offers a great combination of fun and hard work and will bring you a wealth of client-facing experience.</li></ul>Skills and Attitude:<ul><li>Enthusiastic dedication to clients with a winning spirit.</li><li>Self-motivated, holds oneself accountable, and takes ownership for problem resolution.</li><li>Able to prioritize under the pressure of competing deadlines.</li><li>Excellent communication and presentation skills.</li><li>Able to engage and interact within internal and external organizations.</li></ul>

About KPMG in India<ul><li>KPMG entities in India are professional services firms affiliated with KPMG International Limited.</li><li>KPMG was established in India in August 1993.</li><li>Professionals leverage the global network of firms and are familiar with local laws, regulations, markets, and competition.</li><li>KPMG has offices across India in various cities.</li></ul>Job Summary<ul><li>Job Title: Executive</li><li>Function: Life Actuarial Team</li><li>Location: Bangalore</li><li>Department: Risk Consulting, FRM</li></ul>About usKPMG is a leading professional services firm with over 174,000 professionals in more than 155 countries. The firm focuses on Audit, Tax & Advisory services and recorded revenues exceeding USD 24.4 billion in 2015.The position is with the Risk Consulting team at KPMG Global Services (KGS). The team addresses fundamental business issues such as managing risk, increasing revenues, and controlling costs across various industries.Roles and responsibilitiesThe Executive role in the Life Actuarial Services team involves working for KPMG UK, US, and India. Responsibilities include actuarial audits, modeling, appraisal value review, and assisting clients with new regulations implementation.Essential Requirements<ul><li>Education/professional qualifications: Graduate/Postgraduate with a strong background in mathematics or statistics. Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India with at least 4 actuarial exams passed.</li><li>Prior Experience: 2-4 years of life actuarial experience with knowledge in reporting, reserving, embedded value, business planning, pricing, etc.</li><li>Required Skills: Knowledge of insurance business, actuarial techniques, familiarity with spreadsheets, databases, statistical analysis programs, and proficiency in Prophet.</li></ul>Equal employment opportunity informationKPMG India provides equal opportunity for all applicants and employees regardless of various factors. Diversity is valued, and applicants are encouraged to support diversity initiatives.

Requirements:<ul><li>Graduate/Postgraduate with a strong background in mathematics or statistics.</li><li>Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India.</li><li>Must have passed at least 4 actuarial exams including CT5.</li></ul>Equal Employment Opportunity InformationKPMG India provides equal opportunity for all applicants and employees regardless of various factors. We value diversity and encourage applicants to support us in our diversity efforts.About KPMG in IndiaKPMG entities in India are professional services firms affiliated with KPMG International Limited. Established in India in August 1993, our professionals leverage the global network of firms and have offices across India in various cities.KPMG entities in India offer services to national and international clients across sectors, providing rapid, performance-based, industry-focused, and technology-enabled services.<ul><li>Actuarial Audits: Audit of the client's valuation systems, IFRS and Solvency II review, modelling, and appraisal value/transactions review.</li><li>Other related responsibilities include assisting clients with new regulations implementation and actuarial system transformation.</li></ul>

Job SummaryThe job holder will be a member of the SGP&amp;C Specialty Insurance Single Risks Pricing &amp; Modelling team supporting single-risk business and Binder business written on SCOR Company Paper and SCOR Syndicate. The Cat Modelling Team is embedded within the Specialty Insurance Single-Risk Pricing &amp; Modelling Team will interpret, communicate, and provide reliable, and accurate CAT (natural and man-made) analytics to underwriting teams and other internal and external Stakeholders.Responsibilities<ul><li>Perform individual submission catastrophe modelling using third-party catastrophe models ensuring data checks around accuracy and timeliness are completed to a high standard.</li><li>Help to achieve minimum standards of data capture.</li><li>Should be able to scrub simple and complex broker Sov’s efficiently and quickly.</li><li>Supporting P&amp;M APACtreaty team with fac and treaty pricing of reinsurance transactions.</li><li>Have a better understanding of how Bordeaux works.</li><li>Liaise with internal and external data teams to ensure all modelled policies are captured, that the data is up to date, and data interpretations are accurate.</li><li>Conduct a thorough analysis of exposure data across multiple lines of business, regions, and products.</li><li>Utilise exposure management tools and databases to gather and analyse exposure information.</li><li>Evaluate and quantify potential risks associated with speciality accumulations, such as natural catastrophes, terrorism, or other relevant perils at both risk and portfolio levels.</li><li>Collaborate with underwriting teams to assess and manage accumulations of risk within defined tolerances.</li><li>All other miscellaneous responsibilities as required by management</li></ul>Qualifications<ul><li>Experience in using RMS and/or AIR modelling software.</li><li>Good communication skills and experience working with underwriters and clients</li><li>Practical work/programming experience in MS Excel, SQL, etc.</li><li>At least 2-3 years of CAT modelling experience</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Job SummaryThe job holder will be a member of the SGP&amp;C Specialty Insurance (Single Risks Pricing &amp; Binder) team supporting the Portfolio roll-up process. The Cat Modelling Team is embedded within the Specialty Insurance Single-Risk Pricing &amp; Modelling Team will interpret, communicate, and provide reliable, and accurate CAT (natural and man-made) analytics to underwriting teams and other internal and external Stakeholders.ResponsibilitiesKey duties and responsibilities<ul><li>Perform Portfolio roll-up using third-party catastrophe models with high accuracy and on a timely manner.</li><li>Perform the relevant checks and resolve queries to ensure the accuracy and quality of the portfolio.</li><li>Should be able to identify the movements between the portfolios and able to justify them with sensible commentaries.</li><li>Supporting P&amp;M APACtreaty team with fac and treaty pricing of reinsurance transactions.</li><li>Conduct a thorough analysis of exposure data across multiple lines of business, regions, and products.</li><li>Liaise with internal and external data teams to ensure all modelled policies are captured, that the data is up to date, and data interpretations are accurate.</li><li>Assist in developing a more robust view of the models and components through analysis of catastrophe modelling data and back testing.</li><li>Evaluate and quantify potential risks associated with speciality accumulations, such as natural catastrophes, terrorism, or other relevant perils at both risk and portfolio levels.</li><li>Collaborate with underwriting teams to assess and manage accumulations of risk within defined tolerances.</li><li>Contribution to growth and profitability.</li><li>Internal training for junior staff and new joiners of other departments.</li><li>All other miscellaneous responsibilities as required by management.</li></ul>QualificationsRequired experience &amp; competencies<ul><li>Experience in using RMS and/or AIR modelling software.</li><li>Good communication skills and experience working with underwriters and clients.</li><li>Practical work/programming experience in MS Excel, VBA, R, Python, etc.</li><li>At least 5 years of experience in the CAT modelling Industry.</li></ul>Personal Competences:<ul><li>Strong pragmatic problem-solving capabilities.</li><li>Good team spirit, inter-personal competency.</li></ul>Required Education:<ul><li>University degree in a technical discipline that requires strong analytical and statistical know-how (Geology, Meteorology, Engineering, Mathematics, …).</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

About usKPMG is a leading professional services firm with over 174,000 professionals in more than 155 countries. The position is with the Risk Consulting team at KPMG Global Services (KGS).Roles and responsibilitiesThe recruitment is for an Executive role in the Life Actuarial Services team working for KPMG UK, US, and India. Responsibilities include actuarial audits, modeling, appraisal value review, and more.Essential Requirements<ul><li>Graduate/Postgraduate with a strong background in mathematics or statistics.</li><li>Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India.</li><li>2-4 years of life actuarial experience.</li><li>Knowledge of reporting, reserving, embedded value, business planning, pricing, etc.</li><li>Understanding of IFRS 17 preferred.</li></ul>Required Skills<ul><li>Knowledge of insurance business and actuarial techniques.</li><li>Familiarity with spreadsheets, databases, statistical analysis programs.</li><li>Working knowledge of Prophet essential.</li><li>Prior experience with actuarial modeling software is a plus.</li></ul>Equal employment opportunity informationKPMG India provides equal opportunity for all applicants and employees regardless of various factors. Diversity is valued, and applicants are encouraged to support diversity initiatives.

About MillimanMilliman is one of the world’s largest independent professional services firms. Founded in 1947, the firm provides consulting services to clients in four practice areas: healthcare, life insurance and financial services, employee benefits and pensions, and property and casualty insurance. Today, Milliman has more than 60 offices worldwide.Job SummaryMilliman is seeking actuarial professionals with strong analytical, problem-solving, technical and communication skills to join our life practice based in Mumbai.This is an ideal opportunity for actuarial professionals to join and collaborate with our team of experts from across the world in a fast-paced, challenging and rewarding environment.Job Responsibilities:<ul><li>Work closely with a team of consultants based in Asia delivering high-quality work to our clients, working with some of the best actuarial experts in the region</li><li>Work on a diverse range of actuarial projects (actuarial modelling, reporting, pricing, business planning, mergers and acquisitions and many more)</li><li>Contribute to research projects and innovate new solutions to help our clients</li><li>Work effectively and efficiently in project teams led by senior actuaries</li><li>Help develop and maintain client and internal relationships</li><li>Work in a flexible and fast-paced environment</li></ul>Desired experience and professional qualifications<ul><li>2-4 years of relevant actuary experience in the life insurance domain</li><li>Demonstrable progress through actuarial examinations from a recognized professional body/institute.</li><li>Bachelors or Masters in a relevant field (Actuarial Science, Mathematics, Statistics, Economics, etc.)</li></ul>Desired competencies<ul><li>Actuarial domain knowledge of Indian life insurance products are required.</li><li>Strong technical and actuarial modelling skills are required and actuarial coding skills on leading actuarial software are preferable</li><li>Ability to work in a highly collaborative environment as well as independently with minimum supervision</li><li>Ability to take ownership of a technical challenge and see it through to a successful conclusion</li><li>Excellent analytical and communication skills</li><li>Driven and self-motivated</li></ul>Benefits offered<ul><li>Opportunity to work with local and international market experts on a wide variety of projects</li><li>Competitive remuneration and annual performance-based bonuses</li><li>Professional actuarial examination support</li><li>Opportunity for continuous training and development</li><li>Flexible working arrangements</li></ul>

The role will be part of the L&amp;H India pricing team taking responsibility for product development and pricing of new Life &amp; Health business to help the region achieve its ambitious growth plans. We aim to do this through better client experience; cutting-edge, better-informed pricing; and supporting development of innovative products for clients in the region.Major Responsibilities:<ol><li>New Business Quotes and Tenders<ul><li>Lead and support the pricing and modelling of new business; this includes the review on quotes prepared by other team members and authority to sign-off</li><li>Identify and understand clients' needs and concerns</li><li>Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity</li></ul></li><li>Costing Methodology and Guidelines<ul><li>Review pricing guidelines and ensure their correct application</li><li>Able to challenge status-quo and look to simplify and improve existing practices</li><li>Keep up to date with market, regulatory and competitive trends</li><li>Work with Experience Studies team to gain insight into claims and lapse experience</li><li>Ensure pricing guidelines are kept up-to-date via research and experience studies</li></ul></li><li>Strategy, Product Development and Brand Presence<ul><li>Contribute to technical, research and project management input for product development initiatives</li><li>Provide strategic inputs in the running of the Swiss Re business in India including implications of regulations, market and industry developments</li></ul></li><li>Leadership<ul><li>Support development of the team on technical knowledge and business acumen</li><li>Lead and contribute to regional projects</li></ul></li></ol>Qualifications &amp; Requirements:<ul><li>Qualified or close to qualified actuary (under a recognized actuarial body - SOA/CAS/IFOA/IAI/FOA/FIA) with a Bachelor degree in Actuarial Science, Mathematics, Statistics, Economics or equivalent</li><li>Insurance or reinsurance working experience (including consulting); pricing experience, particularly in India and / or across the South East Asian markets is strongly desirable</li><li>Commercial and technical skills in Life &amp; Health product design and pricing</li><li>Demonstrate maturity and flexibility at managing both internal and external stakeholders</li><li>Experience at using and developing pricing tools, is a plus</li><li>Excellent verbal and written communication skills in English </li></ul>

This is an exciting opportunity for an individual to take on the role of Actuarial Analyst for Medical Reinsurance, based in Mumbai, India.The successful candidate will support a dedicated Medical insurance costing team to offer pricing support, product development, and portfolio management as part of Swiss Re's Reinsurance solutions to Medical insurance clients in India as well as Asia.He / she will also be working closely with client managers, underwriting and medical operations colleagues to develop and execute strategies to accelerate business growth and maintain operational excellence.Major Responsibilities:<ul><li>To support the System Landscape Project by being involved in each step of the data journey and working closely with the Data Centre team.</li><li>To help manage in-force medical portfolio by performing in-depth experience studies and claims analytics on large data sets and communicating results effectively to internal and external stakeholders.</li><li>To assist in actuarial pricing of medical business by performing data analysis supplemented by general and market research (incorporating advanced modelling techniques).</li><li>To provide support for projects related to data analytics for medical business.</li><li>To collaborate with client managers, underwriting and medical operations team in pursuing new business opportunities and in maintaining healthy performing medical portfolio.</li></ul>Qualifications &amp; Requirements:<ul><li>Good progress towards actuarial qualification (minimum 6 exams credit) under a recognized actuarial body (SOA/CAS/IOA/FOA/FIA) with a Bachelor degree from a recognized university.</li><li>2 years of insurance, reinsurance or consulting working experience (including internships)</li><li>Strong technical skills with proficiency in MS Excel + Macros, SAS, R, SQL or other statistical / actuarial software</li><li>Excellent verbal and written communication skills</li><li>Sound knowledge of current medical products, trends, market, and regulations</li><li>Ability to work independently, accurately and deliver to deadlines, and consult with internal stakeholders and external clients</li></ul>

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