Short-term Actuarial Analyst
2 weeks ago
Key Responsibilities:
Pricing and product development involve analyzing claims data, market trends, and customer behavior to support the development and pricing of short-term insurance products. Data analysis and modeling require building, maintaining, and enhancing pricing models to predict risk and optimize premiums across various customer segments. Monitoring and reporting involve tracking and reporting on pricing effectiveness, including loss ratios, and other KPIs to assess profitability and suggest rate adjustments. Collaboration with underwriting, sales, and product development teams ensures accurate pricing aligned with business objectives. Compliance and documentation require ensuring pricing models and processes comply with regulatory requirements and are accurately documented.
Requirements:
- Education: A bachelor's degree in actuarial science, mathematics, statistics, or a related field.
- Actuarial exams: Completion of 8 exams.
- Technical skills: Proficiency in actuarial modeling software, Excel, SQL, and experience with programming languages such as Python or R.
- Analytical skills: Strong analytical and problem-solving skills, with a high attention to detail.
- Industry knowledge: Understanding of short-term insurance products, risk factors, and market trends.
- Communication skills: Ability to convey complex analytical insights to non-technical stakeholders effectively.
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