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Bangalore, KA, IN

Senior Actuarial Analyst


About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 13,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?


About the Team:
L&H Products Services unit in Bangalore provides support to diverse units to L&H Products teams across the globe including pricing of reinsurance treaties. The L&H Pricing Services Japan-Korea team supports the team in Japan-Korea in pricing, experience studies and other related activities. Team will consist of 3 to 4 associates.


About the Role:
Reporting to the Head L&H Pricing Services North Asia, the candidate will be responsible to deliver support to Japan-Korea Pricing Team with
analytical capabilities.


Key work areas are –

  • Working closely with local, regional pricing actuaries and client managers on new product pricing/design, Terms of Trade review and Open Treaty Reviews for existing treaties
  • Pricing related projects targeted for efficiency improvements
  • Portfolio analysis for Japan and South Korea reinsured business
  • Providing experience analysis insights emerging for Pricing and Valuation 


Major responsibilities:


  • Support reinsurance quotation requests and co-ordinate pricing process with relevant market teams and XFT's for the requirement
  • Support in product development, review existing treaties and set best estimate pricing bases. Maintain pricing models for various lines of business.
  • Maintain documentation of all pricing work and ensure compliance with pricing guidelines and standards.
  • Understanding product designs, pricing philosophy and target population experience to analyse and peer review experience analysis results for planned treaties
  • Perform end to end Experience study (ES) independently and also review ES results for peers
  • Support market teams/ XFTs with decision making process by providing data-based recommendation and an understanding of data reliability measures, confidence intervals, etc.
  • Collaborate with stakeholders to facilitate OTRs, Terms of Trades and Large Transactions, be able to explain the ES results in terms of theory and rational behind suitable age/rate labels and application of appropriate rates
  • Be able to lead junior associates with and without direct line reporting, be responsible to lead, mentor, engage and inspire in the team.



About You:

  • A qualified actuary or at associate level with understanding of L&H (Re)insurance domain
  • Overall experience of at least 6 years, preference for direct and/or reinsurance pricing within Asian Market.
  • Preferably having experience in guiding and coaching team members to achieve team goals
  • Good interpersonal, communication and leadership skills
  • Skills in VBA and any data analytical software's SAS/Python/R will be an added advantage
  • Job may involve occasional travelling


Kindly reach out to hiring manager if you have any questions or need more clarifications.

Reference Code: 100738 


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