✅ Professional JD Description – Actuarial Role (General Insurance)
Designation: Actuarial / Risk Analytics Professional (General Insurance)
Role Summary:
The Actuarial professional plays a critical role in assessing financial risks, determining premium pricing, and ensuring the long-term financial stability of the organization. The role involves applying statistical, mathematical, and financial models to evaluate risk exposure across various general insurance products.
Key Responsibilities:
- Analyze historical data and market trends to assess risk exposure
- Develop actuarial models for pricing, reserving, and underwriting support
- Recommend premium rates aligned with risk profiles and regulatory norms
- Monitor claims experience and profitability across product lines
- Support product development with actuarial insights and risk evaluation
- Ensure compliance with IRDAI and actuarial standards
- Prepare reports for internal stakeholders and regulatory filings
- Collaborate with underwriting, claims, and finance teams
Key Skills:
- Strong analytical and statistical capabilities
- Knowledge of general insurance products (Motor, Health, Property, Liability)
- Expertise in actuarial tools and modeling techniques
- Understanding of regulatory frameworks
- Attention to detail and risk assessment capability
Business Relevance:
Actuarial functions are essential in insurance because they:
Evaluate and manage risks using data and statistics
Help in determining premiums and policy structures
Ensure financial sustainability and solvency of insurers
10 years above as Actuari
Pay: ₹300,000.00 - ₹1,452,234.32 per month
Benefits:
- Cell phone reimbursement
- Health insurance
- Leave encashment
- Provident Fund
Work Location: In person
