874 Insurance Products jobs in India

• Leading the design, pricing, and implementation of new insurance products across various lines of business.
• Developing and maintaining actuarial models for risk assessment, pricing, and reserving.
• Analyzing market trends and competitor activities to identify opportunities for product innovation.
• Ensuring compliance with all relevant regulatory requirements and solvency standards.
• Collaborating with cross-functional teams to refine product features and marketing strategies.
• Performing financial projections and profitability analyses for new and existing products.
• Mentoring and guiding junior actuaries and analysts.
• Communicating complex actuarial concepts to stakeholders with varying levels of technical expertise.
• Continuously evaluating and improving actuarial methodologies and tools.
• Contributing to the strategic planning of the company's product roadmap.

• Associate or Fellow of the Casualty Actuarial Society (ACAS/FCAS) or equivalent professional actuarial qualification.
• Minimum of 7 years of progressive experience in the insurance industry, with a strong focus on product development and pricing.
• Proficiency in actuarial modeling software and techniques.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong understanding of insurance regulations and financial reporting.
• Exceptional communication, presentation, and leadership abilities.
• Proven ability to work independently and manage multiple complex projects in a remote setting.
• Experience with data analysis tools and techniques is a plus.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Associate or Fellow designation from a recognized actuarial society (e.g., IAI, SOA, CAS).
• Minimum of 5 years of actuarial experience, with a focus on life insurance.
• Proficiency in actuarial software and modeling tools (e.g., Prophet, GGY Axis).
• Strong understanding of life insurance products, pricing methodologies, and reserving principles.
• Experience with regulatory requirements and compliance in the insurance industry.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong programming skills (e.g., SQL, Python, R) are a plus.
• Effective communication and presentation skills, with the ability to explain complex concepts to non-actuaries.
• Detail-oriented with a commitment to accuracy and quality.
• Ability to work independently and collaboratively in a team environment.

• Develop and maintain actuarial models for pricing new and existing life insurance products, ensuring competitive positioning and profitability.
• Perform regular experience studies (morbidity, mortality, lapse rates) to inform pricing assumptions and monitor product performance.
• Conduct asset-liability management (ALM) analysis to ensure the financial stability and risk mitigation of insurance liabilities.
• Assist in the preparation of statutory and regulatory financial statements, ensuring compliance with all relevant guidelines.
• Collaborate with underwriting, marketing, product development, and finance teams to provide actuarial insights and support strategic initiatives.
• Perform ad-hoc analysis and financial projections to support business decision-making.
• Contribute to the development and implementation of new actuarial software and tools.
• Mentor and guide junior actuarial staff, fostering their professional development.
• Stay current with industry trends, regulatory changes, and emerging risks relevant to the life insurance sector.
• Communicate complex actuarial concepts and results clearly and concisely to both technical and non-technical audiences.
• Assist in the valuation of insurance reserves and embedded value calculations.
• Participate in the design and testing of new product features and enhancements.
• Support the development of risk management frameworks and capital modeling initiatives.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• Progress towards or completion of actuarial exams (e.g., ACET, FSA, FIA) is highly desirable.
• Minimum of 5 years of actuarial experience in the life insurance industry.
• Strong proficiency in actuarial modeling software (e.g., Prophet, ALFA) and data analysis tools (e.g., SQL, R, Python).
• Excellent understanding of life insurance products, principles, and regulatory requirements.
• Demonstrated experience in pricing, reserving, or financial modeling for life insurance.
• Advanced analytical and problem-solving skills, with meticulous attention to detail.
• Strong communication and interpersonal skills, enabling effective collaboration in a remote setting.
• Ability to manage multiple projects simultaneously and meet strict deadlines.
• Proficiency in Microsoft Excel and PowerPoint.
• Experience with data visualization tools is a plus.

• Develop, implement, and maintain actuarial models for pricing new life insurance products and reviewing existing ones.
• Perform complex reserving calculations in compliance with regulatory requirements (e.g., IRDAI guidelines).
• Analyze mortality, morbidity, and lapse data to inform product development and risk assessment.
• Conduct profitability analysis and sensitivity testing for various product lines.
• Assist in the preparation of regulatory filings and statutory financial statements.
• Collaborate with product development, underwriting, claims, and finance teams to provide actuarial insights.
• Stay updated on industry trends, new regulations, and best practices in actuarial science.
• Contribute to the enhancement of actuarial systems and processes.
• Support internal and external audits of actuarial data and methodologies.
• Mentor junior actuarial staff and provide technical guidance.
• Prepare clear and concise reports and presentations for management and stakeholders.

• Passed at least 5 actuarial examinations from a recognized professional actuarial body (e.g., Institute of Actuaries of India, SOA, CAS).
• Minimum of 5 years of experience in the life insurance industry, with a focus on pricing and reserving.
• Strong analytical and quantitative skills, with proficiency in actuarial software and tools (e.g., Prophet, ALDONZA, R, Python, SQL).
• Excellent understanding of life insurance products, regulations, and financial reporting.
• Proficiency in Microsoft Excel and other relevant software.
• Strong communication and interpersonal skills, with the ability to explain complex concepts to non-actuaries.
• Ability to work independently and as part of a team in a hybrid work environment.
• Detail-oriented with a strong commitment to accuracy and quality.

• Develop, implement, and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze financial data to assess the profitability and solvency of life insurance products.
• Assist in the design and pricing of new life insurance products.
• Perform reserve calculations and ensure adequacy of reserves.
• Evaluate capital requirements and risk exposure.
• Support financial planning and strategic decision-making with actuarial insights.
• Collaborate with underwriting, product development, and finance teams.
• Ensure compliance with regulatory requirements and actuarial standards.
• Mentor junior actuarial staff and review their work.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Minimum of 5 years of actuarial experience, with a focus on life insurance.
• Progress towards or completion of actuarial designations (e.g., ACAS, FCAS, ASA, FSA) is required.
• Proficiency in actuarial software (e.g., Prophet, GGY Axis) and programming languages (e.g., R, Python, SQL).
• Strong analytical, problem-solving, and statistical modeling skills.
• Excellent written and verbal communication skills, with the ability to explain complex concepts.
• Experience working in a remote environment is essential.
• Detail-oriented and highly organized.

Job Role:

∙Sourcing of quotes for Non Health Products – Fire, Marine, Engineering & Miscellaneous

lines.

Draw up quotes for competitive insurance premiums

Negotiate and define the specific terms of insurance policies with insurance companies

Preparation of Quote comparative reports.

Building relationships with Public sector offices by visiting them regularly.

Liaise with specialists in Insurance companies to gather information and opinions

Assisting sales team in client interactions for large proposals.

Analysis loss exposures and determine underwriting alternatives

Keep detailed records of policies underwritten and decisions made

Skill & other Requirements:

Education – Graduate/Post graduate in any stream

Additional qualifications in Insurance stream would be preferable

Sound product knowledge across all products – Fire, Marine, Engineering

Ability to work independently and comfortable in engaging with CXOs of corporates

Self-driven, enthusiastic person with hunger to make it big.

• Evaluate insurance applications for various lines of business, assessing risk factors.
• Analyze applicant information, including financial data, medical records, and other pertinent details.
• Determine appropriate policy coverage, terms, conditions, and premium rates.
• Ensure compliance with underwriting guidelines, company policies, and regulatory requirements.
• Communicate underwriting decisions and rationale clearly to agents, brokers, and internal stakeholders.
• Collaborate with claims departments to understand loss trends and impact on underwriting.
• Assist in the development and refinement of underwriting manuals and procedures.
• Monitor industry trends and best practices in underwriting and risk management.
• Identify and report on potential fraud or misrepresentation in applications.
• Contribute to the profitable growth of the assigned book of business.

• Bachelor's degree in Business, Finance, Economics, or a related field.
• Minimum of 5 years of experience in insurance underwriting.
• Strong understanding of insurance principles, risk assessment, and actuarial concepts.
• Proficiency in underwriting software and financial analysis tools.
• Excellent analytical, problem-solving, and decision-making abilities.
• Exceptional attention to detail and accuracy.
• Superior written and verbal communication skills.
• Ability to manage a high volume of applications efficiently.
• Professional certifications such as AU (Associate in Underwriting) or CPCU (Chartered Property Casualty Underwriter) are a significant advantage.

• Evaluate insurance applications to assess risk and determine eligibility for coverage.
• Analyze financial statements, medical reports, and other relevant documentation to underwrite policies.
• Determine appropriate policy terms, conditions, and premium rates based on risk assessment.
• Communicate underwriting decisions and rationale clearly to agents and policyholders.
• Adhere to company underwriting guidelines, regulatory requirements, and industry best practices.
• Review and re-evaluate existing policies to manage ongoing risk.
• Identify potential fraud or misrepresentation in applications.
• Collaborate with claims adjusters and legal departments as needed.
• Stay informed about changes in insurance laws, market trends, and risk management techniques.
• Maintain accurate and complete underwriting files and records.
• Provide guidance and support to junior underwriting staff.

• Bachelor's degree in Finance, Economics, Business, or a related field.
• Minimum of 3 years of experience in insurance underwriting.
• Strong understanding of insurance principles and risk assessment techniques.
• Excellent analytical, critical thinking, and problem-solving skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Detail-oriented with a high degree of accuracy.
• Strong written and verbal communication skills.
• Ability to work independently and meet deadlines.
• Relevant professional certifications (e.g., CPCU) are a plus.
• Must be able to work full-time and be physically present in Vadodara, Gujarat, IN .