Underwriter
Technical Insurance Services Company LLC
Total des années d'expérience :6 years, 3 Mois
Underwriting Medical insurance.
Individual and groups including SMEs
Understanding and evaluating Client needs
to provide optimal insurance solutions
Liaising with Insurer to ensure smooth insurance process for the Client.
Involved in non-medical (general) insurance underwriting eg: Medical malpractice, PAR, CAR, EAR, TPL, WC and PI insurances
the Pricing team of Actuarial Department
the Pricing team of Actuarial Department
Responsibilities:
* Actuarial pricing of life insurance products that involves calculation of premium rates that
meet pre-identified profit criterion. Primarily, priced linked and non-linked individual
insurance products.
* End to end process of product pricing from concept ideation to approval of filed product
from Insurance Regulatory and Development Authority of India (IRDAI).
* Drafting of responses to queries and ensure ultimate product approval from the regulator.
* Other ad-hoc activities pertaining to priced insurance products to aid system development.
* UAT of approved products and preparing Benefit Illustrations (BIs).
* Providing training and involved in on-boarding of new joinees/ interns.
* SPOC for internal and /external audit for Actuarial function.
* Provide actuarial manual calculations support to Prudential UK & Capita Operations.
* Designing & developing actuarial calculations based spreadsheets in line with product specs.
* Ensure that all manual calculations produced are accurate and within agreed SLAs.
* Use technical knowledge to analyze business requirements and provide solutions.
* People management responsibility for 2 team members - Setting of performance objectives,
holding regular 1-1 discussions to provide feedback/support in relation to deliverables.
* Task management & resource allocation of the team in absence of Manager.
* Assist recruitment and training of new team members.
* Stakeholder management and communications.
* Improve efficiency in processing requests through process improvements.
* Review all team documentation periodically and ensure it is up to date.
* Perform quality assurance checks by monitoring of internal work log & checklists.
* Awarded the Star of the Quarter award for Q3 2013 at a department level.
Financial Reporting team
* Key member of the team deputed to UK for training and migration of the process.
* Valuation on all regulatory measures Peak1, Peak II, EEV, ICA & Solvency II for the Unit
Linked Business.
* Perform data checks and alterations before the data is input into the MoSes model.
* Perform analysis of key numbers and provide explanations for any deviations.
* Producing required FSA forms for the Unit linked business.
* Providing support on MoSes model testing.
Actuarial Exams (8 papers): CT1-Financial Mathematics, CT2-Finance & Financial Reporting, CT3-Probability & Statistics, CT4-Models, CT5-General Insurance, Life & Health Contingencies, CT6-Statistical Modeling, CT7-Economics, CT9-Business Awareness Module, ST2-Life Insurance 60% is a notional number as only pass class declared.