1,040 Actuary jobs in India

Company
Munich Re

Location
Mumbai , India

To facilitate growth of Value Added New Business (VANB) of the allocated clients by assisting in the development of organic growth from existing treaties and supporting the development of organic growth from existing treaties and supporting the development of profitable new reinsurance opportunities.

• To carry out effective portfolio management and profitability of nominated clients' existing treaties.
• To enhance the overall business relationship with nominated current/potential clients

Your Role:

• Support the development and implementation of new business opportunities for treaty clients and potential clients, focusing strongly on opportunities that will enhance VANB for Munich Re in India.
• Responsible for the overall client relationship for specified clients and work with other MR departments to ensure growth and profit contribution from specific clients
• Be a Relationship Manager for several clients, identify business development opportunities and facilitate in meeting business targets
• Supporting clients in New Business Initiatives: Conduct client workshops to understand client business philosophy and uncover client product related needs. Thereafter produce product recommendations and capital solutions for clients based on methodical and rigorous analysis.
• Managing existing business: To monitor and manage clients' treaty business including profitability and risk exposure. Focus on developing organic growth in existing treaties and rehabilitating loss making treaties.
• Document reinsurance terms in quotation/treaties and facilitate final treaty negotiations.
• Highlight the services and offerings Munich Re can provide and ensure MR is first choice partner for clients. Coordinate internally effectively to ensure maximum client satisfaction.
• Liaise with regional counterparts to share information and expand service offerings to clients.
• Promote Munich Re and its expertise through initiatives including presentations, seminars, client meetings, publications and surveys. Build individual and Munich Re India visibility in the market.

Your Profile:

• A graduate degree in mathematical subject e.g. pure or applied mathematics, statistics, sciences, economics, finance (Essential) Fellow of Institute of Actuaries / Institute or Faculty of Actuaries in the UK or close to qualifying as Actuary from the stated institutes and relevant post qualification experience (Preferrable)
• Excellent written and spoken English are required
• 1. 5+ years of experience in Actuarial and related fields
• Ability to independently manage interactions with technical actuarial, underwriting and finance teams and regional stakeholders and external parties
• Superior interpersonal and time management skills
• A solutions-based approach with the ability for complex problem solving
• Strong analytical abilities including mathematical and statistical concepts
• Strong command of MS Office PowerPoint and Excel required
• Knowledge of data gathering and manipulation techniques and tools such as Access, SQL
• Willing to travel as needed
• Thorough knowledge products and regulations relating to Indian insurance industry

About Munich Re: Founded in 1880, Munich Re Group is one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1900 team members in 20 locations. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.

About
About Munich Re Munich Re Worldwide

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Role:
Group Pricing Manager

Job Title:
Manager / Senior Manager

Work Experience:
2 years +

Education:
Graduate

Department:
Actuary

Work location:
Goregaon (East), Mumbai

To execute Credit Life Quotation process including analysis of mortality experience and profitability of the portfolio.

Execution of pricing for group insurance schemes for Group Credit Life schemes / Group Term schemes

Liaising with Kotak Life Group Sales team and reinsurer for group quotation

Ongoing monitoring of profitability and analysis of mortality experience of the scheme.

MIS on the desired frequency.

Role Overview

We are looking for an experienced Senior Actuary with a strong background in Life Insurance Pricing. You will be responsible for developing and implementing pricing strategies for life insurance products, ensuring financial sustainability while aligning with business objectives. The role involves close collaboration with product, finance, underwriting, and technology teams to drive innovation in nsurance offerings.

Key Responsibilities

• Develop and optimize pricing models for life insurance products, ensuring a balance between

competitiveness and profitability.

• Perform experience analysis to assess mortality, morbidity, persistency, and other key

assumptions impacting pricing.

• Conduct risk assessments and scenario testing to ensure product sustainability and financial

viability.

• Support product development initiatives, providing actuarial insights into structure, premium

rates, and market positioning.

• Ensure regulatory compliance with IRDAI guidelines and contribute to actuarial reporting and

certifications.

• Analyze claims and persistency trends, identifying areas for improvement in pricing and

underwriting strategies.

• Collaborate with finance, underwriting, and product teams to align actuarial outputs with

business goals

Requirements

• Fellow of the Institute of Actuaries of India (FIAI) or an equivalent global certification (e.g., FIA,

FSA).

• 8+ years of actuarial experience, with a focus on Life Insurance Pricing.

• Strong expertise in mortality, morbidity, and persistency analysis.

• Experience in product pricing, valuation, and risk assessment within the life insurance domain.

• Proficiency in actuarial software such as Prophet, R, Python, or similar tools.

• Strong analytical and problem-solving skills with a data-driven mindset.

• Excellent communication skills to present complex actuarial concepts to stakeholders.

• A strategic mindset with a focus on innovation and continuous improvement. Role & responsibilities

About Us

Kshema General Insurance Limited (Kshema) was established in 2018 and is India's only Digital Agri Insurance Company, catering to farmers/cultivators in the Agriculture sector. Kshema enables cultivators with resilience from financial distress due to extreme climate events and perils through localised insurance products. Kshema is leveraging Technology to provide cutting-edge insurance solutions to farmers.

Kshema has a pan-India presence with more than 500+ employees on roles, along with 500+ employees as contractors.

Experience:
Minimum 15 years

Qualification:
Fellowship/Associateship with all actuarial exams cleared (IAI/IFoA or equivalent)

Role Overview

As a Senior Actuary, you will leverage your deep technical expertise and leadership skills to:

• Design and review pricing strategies across motor, health, property, and commercial lines
• Lead reserving and valuation exercises to ensure accurate liability measurement
• Drive capital modeling (Solvency II/IRDAI norms) and reinsurance optimization
• Mentor and develop a high-performing team of actuarial analysts

Key Responsibilities

• Develop, validate, and maintain actuarial models (Prophet, Emblem, or equivalent)
• Perform annual and quarterly reserve analyses; propose adjustments based on emerging trends
• Partner with underwriting and finance teams to align pricing with risk appetite and profitability targets
• Oversee IRDAI filings, statutory valuations, and submission of actuarial reports
• Conduct experience studies and loss ratio analyses to refine assumptions
• Guide capital adequacy assessments and stress testing for regulatory compliance
• Present technical findings to C-suite stakeholders and the board

Qualifications & Skills

• Fellowship/Associateship with all professional actuarial exams completed (IAI/IFoA/Equivalent)
• Minimum 15 years of actuarial experience, ideally in pricing, reserving, or capital modeling
• Proficiency in actuarial and statistical tools: Prophet, R, Python, SAS, SQL
• Strong understanding of IRDAI regulations, solvency frameworks, and reinsurance structures
• Exceptional analytical, problem-solving, and communication skills
• Proven track record of influencing senior management and driving cross-functional initiatives

What We Offer

• Competitive compensation with performance-linked incentives
• Opportunity to lead strategic actuarial projects and influence business decisions
• Continuous learning through training, certifications, and industry conferences
• Collaborative work culture with a focus on innovation and career growth

About The Role
Are you aspiring to be a Pricing Actuary in the Commercial General Insurance space? This role offers the opportunity to develop product expertise and analytical skills crucial to enhancing the profitability of a global underwriting portfolio.

As a key team member, you will use actuarial methods and data-driven techniques to analyze portfolios, set costing parameters, and influence business decisions with a focus on our in-house proprietary property costing model. You will have a direct impact in steering your portfolio and ultimately the overall Business Unit's performance.

Key Responsibilities

• Independently conduct case pricing using actuarial reviews and communicate findings with Underwriters and stakeholders.
• Evaluate portfolio profitability using techniques like Experience Rating and Exposure Rating.
• Deliver technical insights to support financial performance management across various sub-portfolios.
• Perform statistical analysis and data slicing on portfolios and sub-portfolios.
• Present insights to cross-functional teams including Portfolio Managers, Finance, Actuarial, and underwriting departments.
• Update pricing model parameters during actuarial rate reviews, particularly for the in-house Fire costing model.
• Enhance models and develop new ones for emerging risks and perils.
• Manage data pipelines and transformation for analytics, model reviews, and improvements.
• Contribute to yearly planning exercises by providing actuarial inputs and supporting business strategy.

About The Team
We are a global team of Actuaries spread across the globe in Bangalore, Munich, Zurich, Manchester, London, New York, Windsor and Kansas City. Our team comprises of qualified and student Actuaries who work on the largest portfolio for Swiss Re CorSo. We are part of the Underwriting Unit and report to the Chief Underwriting Officer (CUO).

We foster an inclusive culture that values diverse perspectives and innovative thinking, ensuring equal opportunities for professional growth.

About You
To thrive in this role, you should have:

• A Bachelor's/ Master's degree in a Mathematics, Statistics, Economics or equivalent quantitative/numerical field from a recognized university.
• At least 5 years of actuarial experience, ideally in pricing for property or casualty line of business.
• Progress toward actuarial qualifications.
• Strong proficiency in tools such as R, Python, or SQL.
• Excellent communication skills and a solution-oriented, self-starter mindset.

Why Join Us?

• Work in a multicultural, high-performing environment.
• Influence high-impact portfolio decisions.
• Collaborate with global experts across business functions.
• Opportunities for professional development and model innovation.

About Swiss Re Corporate Solutions
Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces 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.

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• Leading and managing the actuarial team, including hiring, training, and performance management.
• Developing and implementing actuarial policies and procedures to ensure compliance and best practices.
• Overseeing the calculation of reserves, pricing of new products, and profitability analysis.
• Developing and maintaining sophisticated financial models for forecasting and valuation.
• Assessing and managing the company's financial risks, including mortality, morbidity, and investment risks.
• Ensuring compliance with all relevant regulatory requirements and accounting standards.
• Providing actuarial expertise and insights to senior management and the board of directors.
• Developing strategies to optimize capital allocation and improve financial performance.
• Representing the company in discussions with regulators and external stakeholders.
• Mentoring junior actuaries and fostering professional development within the team.

• Fellow of the Actuarial Society (FAS) or equivalent international designation.
• A minimum of 10 years of progressive experience in actuarial roles within the insurance industry.
• Proven experience in a senior actuarial leadership position.
• Strong knowledge of life, health, or general insurance products and markets.
• Expertise in financial modeling, risk management, and regulatory compliance (e.g., IRDAI guidelines).
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional leadership, communication, and interpersonal abilities.
• Proficiency in actuarial software and programming languages (e.g., R, Python, SQL).
• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Demonstrated ability to translate complex actuarial concepts into clear business recommendations.

• Oversee all actuarial functions, including pricing, reserving, financial modeling, and product development.
• Develop and implement actuarial policies and procedures to ensure compliance with regulatory requirements and industry best practices.
• Lead the actuarial team, providing mentorship, guidance, and professional development.
• Conduct complex actuarial analyses to assess financial risks and opportunities.
• Develop and maintain sophisticated financial models to support strategic decision-making.
• Work closely with senior management, finance, and risk management departments to align actuarial strategies with business objectives.
• Present actuarial findings and recommendations to the board of directors and regulatory bodies.
• Stay abreast of emerging actuarial trends, technologies, and regulatory changes.
• Ensure the accuracy and integrity of all actuarial data and reports.
• Contribute to the development of innovative insurance products and pricing strategies.

• Fellow of the Institute of Actuaries (FIA) or equivalent international designation.
• Minimum of 15 years of progressive experience in the insurance industry, with at least 7 years in a senior actuarial leadership role.
• Extensive knowledge of life, health, or general insurance actuarial principles and practices.
• Proven experience in pricing, reserving, and solvency regulations (e.g., Solvency II, IFRS 17).
• Strong financial modeling and analytical skills, with proficiency in actuarial software and programming languages (e.g., R, Python, SQL).
• Demonstrated leadership ability with experience managing and developing high-performing teams.
• Excellent communication, presentation, and interpersonal skills, with the ability to explain complex technical concepts to non-technical audiences.
• Strategic mindset with a strong business acumen.
• Experience working in a remote or distributed team environment is highly desirable.
• Commitment to ethical conduct and professional integrity.

• Lead and manage the actuarial team, providing guidance and mentorship.
• Develop and implement actuarial strategies aligned with business objectives.
• Oversee the calculation of reserves and the assessment of insurance liabilities.
• Develop and maintain pricing models for new and existing insurance products.
• Conduct financial forecasting and scenario analysis to assess risk exposures.
• Ensure compliance with all relevant actuarial standards and regulatory requirements.
• Collaborate with executive leadership to inform strategic decisions and financial planning.
• Evaluate and manage the company's capital adequacy and solvency.
• Identify opportunities for actuarial innovation and process improvements.
• Present actuarial findings and recommendations to senior management and the board.

• Fellow of the Actuarial Society of India (FASI) or equivalent international designation.
• Minimum of 10 years of progressive actuarial experience in the insurance industry.
• Proven experience in a senior actuarial leadership role.
• Expertise in life, health, or general insurance actuarial principles and practices.
• Strong knowledge of financial modeling, statistical analysis, and risk management techniques.
• Familiarity with relevant software and actuarial modeling tools.
• Excellent communication, presentation, and interpersonal skills.
• Demonstrated ability to think strategically and provide insightful analysis.
• Strong understanding of Indian insurance regulations and compliance.
• Ability to manage complex projects and meet tight deadlines.