Actuarial Analyst – Parametric Insurance

We are seeking a highly skilled and motivated Actuarial Analyst to play a pivotal role in the development, pricing, and implementation of innovative parametric insurance products. This position focuses on leveraging statistical models, actuarial science, and data analytics to address climate and disaster risks. The ideal candidate brings a strong analytical background, an aptitude for problem-solving, and a passion for creating impactful solutions for climate resilience.

Preference: Graduates from top-tier institutions like IAI, IFoA, ISI

Salary: Market-leading salaries negotiable based on expertise and experience

Employment Type: Full Time

Location: Gandhinagar, Gujarat

Join Us

Key Responsibilities

  • Develop actuarial models to determine pricing strategies for parametric insurance products.
  • Analyze climate and disaster risk data to assess exposure and inform product design.
  • Collaborate with product managers and engineers to design innovative insurance solutions.
  • Assist in defining payout triggers and thresholds for parametric insurance products.
  • Support claims monitoring processes, ensuring triggers are objectively assessed and payouts are accurate.
  • Evaluate product performance using statistical and actuarial methods, providing recommendations for optimization.
  • Work with data scientists to analyze weather and disaster datasets for risk assessment.
  • Generate insights for market research, customer needs, and competitive positioning.
  • Ensure compliance with regulatory requirements, collaborating with legal and compliance teams.
  • Prepare reports and visualizations for internal and external stakeholders to communicate risk assessments and product performance.

Qualifications

  • Bachelor’s or Master’s degree in Actuarial Science, Statistics, Mathematics, Data Science, or related fields, preferably from top-tier institutions.
  • 0-2 years of experience in actuarial analysis, risk modeling, or insurance product development.
  • Expertise in product development, pricing strategies, claims monitoring, and operations.
  • Proficient in coding in any programming language.

Required Skills

  • Product Strategy
  • Pricing Strategies
  • Claims Management
  • Market Research
  • Coding Skills
  • Data-Driven Decision Making
  • Stakeholder Management
  • Cross-Functional Collaboration
  • Climate Risk Mitigation
  • Regulatory Compliance