Senior Analyst I - Actuarial Pricing

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

About Chubb India

At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work® for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow.

With a team of over 2500 talented professionals, we encourage a start-up mindset that promotes collaboration, diverse perspectives, and a solution-driven attitude. We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape.

We offer an environment where you will be part of an organization that is dedicated to solving real-world challenges in the insurance industry. Together, we will work to shape the future through innovation and continuous learning.

Position Details:

• Function/Department: Advanced Analytics
• Location: Bangalore, India
• Employment Type: Full-time
• Role Overview – Senior Analyst – Actuarial Pricing

The Pricing & Portfolio Insights Actuary is an integral role within our insurance company, responsible for utilizing sophisticated techniques, such as Generalized Linear Models (GLMs) or more advanced statistical techniques, to develop, calibrate, and implement predictive technical models for pricing and portfolio management purposes. The position requires strong knowledge of actuarial concepts, statistical models, and the ability to provide data-driven insights to support strategic decision-making.

The role is responsible for conducting robust quantitative and statistical analysis of our insurance product offerings and portfolio. It involves analysing complex datasets to identify trends, patterns and insights that serve to improve product performance, optimize portfolio management, and inform strategic decision-making. In this pivotal role, the Pricing & Portfolio Insights Actuary will collaborate closely with various stakeholders including Underwriting, Actuarial, Risk Management, and the Executive Team in driving evidence-based decisions, promoting profitability, and enabling efficient portfolio management

Responsibilities     

• Develop, calibrate, and implement technical models using GLMs and more advanced statistical techniques, incorporating relevant variables and factors for accurate pricing and risk assessment.

  
  

• Analyse historical insurance data to identify patterns and trends, and determine the impact of various factors on the models.

  
  

• Conduct rate level reviews to ensure appropriate pricing of insurance products, considering risk exposure, market dynamics, and profitability goals.

  
  

• Collaborate with cross-functional teams to understand business objectives and identify areas where data-driven solutions can drive revenue, growth, renewals, and/or claims efficiency.

  
  

• Enhance technical models over time by incorporating new data sources, refining variables, and exploring innovative modelling techniques.

  
  

• Evaluate the impact of pricing strategies, policy changes, and market shifts on portfolio performance, and make recommendations for adjustments, if needed.

  
  

• Present findings and recommendations to stakeholders, including senior management and underwriting teams, in clear and concise reports and presentations.

  
  

• Work closely with other departments including Underwriting, Claims, Actuarial, Finance, and Risk Management, providing them with the data and insights needed to make evidence-based decisions