Job Description: EXL is seeking a Part Qualified or Nearly Qualified Actuary to support U.S. Property & Casualty (P&C;) insurance pricing, ratemaking, regulatory filings, and portfolio monitoring . The role involves developing actuarially sound rate indications, preparing rate filings for U.S. insurance regulators, analyzing portfolio performance, and collaborating with underwriting, claims, compliance, and data teams to drive profitable growth.
Responsibilities: 1. Rate Indications & Pricing Support
- Develop actuarially sound rate indications.
- Perform trend, loss development, exposure, and profitability analyses.
- Support pricing model and rating algorithm development.
- Recommend pricing strategies to improve profitability and growth.
- Conduct competitive and market research.
- Collaborate with Underwriting, Claims, Compliance, and Reserving teams.
- Monitor pricing effectiveness and recommend improvements.
2. Rate Filing Development & Regulatory Compliance
- Prepare and submit rate filings to U.S. State Insurance Departments.
- Draft actuarial memorandums and supporting documentation.
- Ensure compliance with:
- NAIC
- ISO
- NCCI
- State DOI requirements
- Respond to regulatory objections and interrogatories.
- Support implementation of approved rate changes.