Wns - Actuarial Role - Pricing General Insurance (5-12 Yrs)

Role: Pricing General
Requirements:
- Knowledge of mathematics, probability, statistics and Commercial Insurance business
- Knowledge of Underwriting process and Insurance pricing methodologies (Conventional and Innovative approaches)
Mandatory Requirements:
- Work experience in Pricing for both short tail and long tail classes of commercial insurance business (eg. property and liability lines)
- Work Experience on pricing modelling using Exposure and Experience rating methodologies
- Should have in-depth knowledge in determining LDFs of portfolio, using ILFs and Loss Curves
- Should be able to analyse the ILF curves/Loss curves, review them, make adjustments and perform impact analysis
- Should have built pricing tools/raters on Excel or Rulebook
- Should have knowledge on Frequency, Severity modelling and Loss cost modelling
Additional good to have requirements:
- Knowledge of Actuarial tools (EMBLEM/RADAR), data mining tools like SAS/R/Python, automation using VBA macros
- Knowledge of ST-8 General Insurance Pricing Actuarial science would be preferable
- Work experience on GLM modelling - Frequency and Severity
Qualifications:
- Proficient in predictive analytics methodology and its use in the insurance industry.
- Experienced in use of R, Python, and other open-source languages. Familiarity with AWS, SAS and Willis Towers Watson modeling software preferred.
- Working knowledge of P&C insurance marketplace in the United States and the Independent Agent channel specifically.
- Including an understanding of best practices and the competitive landscape.