Designation: Appointed Actuary – General Insurance
Location: Pune
Role Overview
The Appointed Actuary – General insurance is responsible for providing independent actuarial oversight of the non-life reinsurance business. The role ensures the financial soundness of the general reinsurance portfolio through robust reserving, reinsurance pricing, capital and solvency management, risk and accumulation assessment, retrocession strategy, and regulatory compliance. The position acts as a key actuarial advisor to senior management, the Board, auditors, and regulators.
Key Responsibilities
• Certify appropriate technical reserves for general reinsurance, including IBNR and outstanding claims liabilities.
• Monitor loss development patterns, reserve adequacy, and portfolio volatility across reinsurance treaties.
• Identify emerging experience trends and reserve risks impacting the reinsurance portfolio.
• Lead actuarial pricing, experience analysis, and profitability assessments for general reinsurance treaties.
• Support underwriting teams on pricing assumptions, risk evaluation, limits, deductibles, and treaty structures.
• Analyze portfolio performance to support underwriting strategy and portfolio optimization decisions.
• Assess solvency position, capital adequacy, and alignment with the company’s risk appetite framework.
• Conduct stress testing and scenario analysis, including catastrophe and accumulation risk assessments.
• Develop and review retrocession and risk transfer strategies to manage volatility and optimise capital utilization.
• Prepare actuarial opinions, certifications, and reports for the Board, Audit Committee, regulators, and external auditors.




• Ensure compliance with applicable actuarial standards, regulatory requirements, and professional guidelines.
• Ensure accuracy, integrity, and governance of actuarial data, models, and assumptions.
• Identify and manage actuarial risks and uncertainties inherent in general reinsurance operations.
• Lead and develop the general reinsurance actuarial team, ensuring technical capability and governance standards.
• Act as the principal actuarial advisor on non-life reinsurance matters to senior management and key stakeholders.
• Stay current with developments in general reinsurance markets, actuarial practices, and regulatory frameworks.
Reporting Structure
Department: Actuarial
Reports To: CEO
Educational Qualifications & Certifications
• Graduate / Postgraduate degree in Actuarial Science, Mathematics, Statistics, or a related discipline
• Fellow of the Institute of Actuaries of India (FIAI) or equivalent – Mandatory
• Robust exposure to non-life reserving, reinsurance pricing, and catastrophe risk modelling preferred
Experience
• Industry: General Insurance
• Experience: 10–15+ years of relevant actuarial experience with strong regulatory and audit exposure
Key Competencies & Skills
• General reinsurance reserving and pricing
• Loss development and volatility analysis
• Catastrophe and accumulation risk management
• Capital and solvency assessment
• Regulatory compliance and audit interaction
• Leadership, communication, and stakeholder management
Work Environment & Other Details
• Employment Type: Full-time, permanent
• Travel: As required for regulatory, audit, or business needs

📌 Appointed Actuary- Digit General Insurance (Delhi)
🏢 Digit Insurance
📍 Delhi