Senior Actuarial Pricing Analyst

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 Bachelor’s degree (or equivalent) degree in a quantitative field such as Actuarial Science, Statistics, or Mathematics. 5-7 years of related practical experience, preferably in the commercial insurance sector. Showing good exam progress under one of the Actuarial Societies is preferred. Strong proficiency in statistical modelling techniques, specifically GLMs, and experience with software tools like R or Python. Solid understanding of insurance pricing principles, loss reserving, and risk assessment methodologies. Familiarity with insurance industry regulations, standards, and best practices. Excellent analytical and problem-solving skills, with the ability to translate data into meaningful insights and recommendations. Strong communication skills to effectively convey complex findings and recommendations to both technical and non-technical stakeholders. Attention to detail and ability to work independently, managing multiple projects and deadlines efficiently. Proficiency with data analysis and visualisation tools and platforms will be an added advantage, preferably QlikView/Qliksense, Power BI, etc . Why Chubb? Join Chubb to be part of a leading global insurance company! Our constant focus on employee experience along with a start-up-like culture empowers you to achieve impactful results. Industry leader: Chubb is a world leader in the insurance industry, powered by underwriting and engineering excellence A Great Place to work: Chubb India has been recognized as a Great Place to Work® for the years 2023-2024 and 2024-2025 Laser focus on excellence : At Chubb we pride ourselves on our culture of greatness where excellence is a mindset and a way of being. We constantly seek new and innovative ways to excel at work and deliver outstanding results Start-Up Culture : Embracing the spirit of a start-up, our focus on speed and agility enables us to respond swiftly to market requirements, while a culture of ownership empowers employees to drive results that matter Growth and success : As we continue to grow, we are steadfast in our commitment to provide our employees with the best work experience , enabling them to advance their careers in a conducive environment Employee Benefits Our company offers a comprehensive benefits package designed to support our employees’ health, well-being, and professional growth. Employees enjoy flexible work options, generous paid time off, and robust health coverage, including treatment for dental and vision related requirements. We invest in the future of our employees through continuous learning opportunities and career advancement programs, while fostering a supportive and inclusive work environment. Our benefits include: Savings and Investment plans: We provide specialized benefits like Corporate NPS (National Pension Scheme), Employee Stock Purchase Plan (ESPP), Long-Term Incentive Plan (LTIP), Retiral Benefits and Car Lease that help employees optimally plan their finances Upskilling and career growth opportunities: With a focus on continuous learning, we offer customized programs that support upskilling like Education Reimbursement Programs, Certification programs and access to global learning programs. Health and Welfare Benefits: We care about our employees’ well-being in and out of work and have benefits like Hybrid Work Environment, Employee Assistance Program (EAP), Yearly Free Health campaigns and comprehensive Insurance benefits. Join Us With you Chubb is better. Whether you are solving challenges on a global stage or creating innovative solutions for local markets, your contributions will help shape the future. If you value integrity, innovation, and inclusion , and are ready to make a difference, we invite you to be part of Chubb India’s journey . Apply Now : Chubb India Career page Experience Level Senior Level