Responsibilities:

Computation of actuarial -related liabilities:
a. Assist in
preparation or review of run -off triangles (Accident year or Underwriting year
cohort) including analysis of historical claims data and identify potential
issues and trends and report the findings for General lines of business.

b. Assist in the
preparation or review of Technical Provisions report which includes Claims
provision, Premium provision, and Risk margin as per requirements of Solvency
II.

c. Assist in the
preparation or review of Unearned Premium Reserves (UPR), Unexpired Risk
Reserves (URR), Incurred Loss ratio, IBNR reserves (Chain Ladder or Bornhuetter
Ferguson or other methods as applicable) for estimation of Premium, Claims severity
for paid or incurred claims including the impact of inflation if any.

d. Actuarial
liability estimation for general insurance lines of business which involves
data preparation, data loading to tools, analysis of liabilities, and
presenting results under IFRS 4 / IFRS 17.

e. Working knowledge




of different loss projection methods and their applications along with
familiarity of the general line of business.

f. Assist in the
computation of actuarial liabilities in the event of special circumstances such
as an Initial Public Offering (IPO), merger, demerger, or acquisition of the
entity post taking into consideration relevant actuarial practices.

Developing/building of actuarial models:

a. Assist in
building or maintaining actuarial models using statistical tools such as
R/Python/SPSS/SAS or others, including validation of models as required. This
can include the calculation of actuarial reserves under different GAAPs.

b. Assist in
performing User Acceptance testing (UAT) for models built by the client and
help evaluate the model’s performance and provide recommendations, if
necessary, to ensure a successful Go -live.

c. Assist in the
preparation or review of credit risk modelling for reinsurance recoverables,
receivables, and premium rece

📌 Actuary – General Insurance Entity (Mumbai)
🏢 Uniqus Consultech
📍 Mumbai