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Senior P&C Pricing Actuary role in Bengaluru – shape pricing models and support underwriting decisions.
Hybrid work – 3 days in office, opportunity to lead complex facultative pricing.
About the Role
As a P&C Pricing Actuary, you'll be at the intersection of mathematical modelling and business decision-making, providing actuarial expertise that supports underwriting decisions for complex facultative risks. Your analytical skills will help shape our pricing models, methodologies, and portfolio insights, contributing directly to sound underwriting decisions.
Key Responsibilities
- Develop, calibrate, and maintain pricing models and actuarial parameters, including trend assumptions, frequency and severity models, and rating factors.
- Prepare technical actuarial documentation and user guides and support the implementation of model and parameter updates into production underwriting systems through rigorous testing and impact assessments.
- Analyze Actual vs. Expected performance to identify opportunities for model improvements.
- Take ownership of the actuarial pricing for complex facultative reinsurance deals, determining technical pricing and supporting underwriters with structuring expertise.
- Contribute to continuous improvements of pricing methodologies and actuarial processes.
- Support the development of colleagues by coaching interns, graduates and colleagues on job rotations.
About the Team
The Global Specialty & Single Risk Costing team is part of Swiss Re's P&C Re Costing organisation. We develop and maintain pricing models that support facultative underwriters globally across Property and Casualty business. Our responsibilities include pricing model development, Actual vs. Expected analyses and actuarial advice for complex deals.
Our team is based across Europe and Asia, bringing together actuarial expertise, technical excellence, and close collaboration with underwriting. English is our working language, and we value diverse perspectives, continuous learning, and knowledge sharing.
About You
You're a curious and analytical professional who enjoys solving complex problems and collaborating across disciplines. You can communicate technical concepts clearly to both actuarial and non-actuarial audiences and are motivated to continuously develop your actuarial and technical expertise.
We're looking for someone with:
- Bachelor's or Master's degree in Mathematics, Statistics, Actuarial Science, Physics, Engineering or another quantitative discipline
- More than 5 years of experience in insurance or reinsurance in a quantitative role
- Strong verbal and written communication skills in English
- Experience with programming languages such as Python, R, or SQL, and data visualization tools such as Power BI
- A strong interest in pursuing (or continuing) an actuarial qualification.
- The ability to translate underwriting, risk engineering, economic, and policy wording considerations into actuarial models and pricing assumptions.
- Skill in explaining actuarial techniques in simple terms and training others on costing methods and tools
Nice to have:
- Experience working in an agile scrum setup
- Experience mentoring colleagues or leading small initiatives.
- Independence, pro-activity, initiative, outspoken, transparent communication
Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.
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. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world.
Keywords
Keywords: Reference Code: 138829
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.