10134 - Life Associate Actuary or Actuary Experienced ASA/FSA Actuary with over 10 years of comprehensive expertise in the life insurance industry, specializing in valuation, financial reporting, and regulatory compliance. Proven track record in... https://bit.ly/3VZhzCl #actuary #actuarial #actuaryjob #actuarialjobs #actuarialscience #careers
SC International, Ltd.’s Post
More Relevant Posts
-
One-stop shop for navigating insurance & financial news & analysis | Storytelling | Data Crunchers | Open for collab
IRDAI has released a detailed Master Circular on the Actuarial, Finance, and Investment Functions of Insurers. This comprehensive document aims to provide necessary guidance on various aspects of the IRDAI (Actuarial, Finance, and Investment Functions of Insurers) Regulations, 2024, and is applicable to all insurers, including those engaged exclusively in reinsurance business, unless otherwise specified. Key highlights 1. Actuarial Function -Appointed Actuary/Mentor Actuary/Consulting Actuary/Certifying Actuary: The circular delineates roles and responsibilities, ensuring clear guidelines for these crucial positions. -Valuation of Life Insurance Business: Standards for valuing life insurance policies are established, ensuring consistency and accuracy. -Valuation of General and Standalone Health Insurance Business: Guidelines for assessing the financial health of general and health insurance sectors. -Valuation of Reinsurance Business: Criteria and procedures for evaluating reinsurance companies are specified. 2. Finance Function -Accounting and Disclosure Requirements: Comprehensive accounting practices and disclosure norms to be followed by all insurers. -Accounting and Disclosures Specific to Life Insurers: Tailored guidelines for life insurance companies to maintain transparency. -Accounting and Disclosures Specific to General Insurance, Health Insurance, and Reinsurance Companies: Including branches of foreign reinsurers, ensuring uniformity across various segments. -Accounting and Disclosures Specific to Reinsurers, FRBs & Lloyds: Specific requirements for these entities are detailed. 3. Investment Function -Conditions Applicable for Specific Categories of Investments: Rules governing different types of investments to ensure compliance and risk mitigation. -Risk Management and Concurrent Audit: Frameworks for managing investment risks and conducting audits concurrently to ensure robust financial health. -Valuation Guidelines: Detailed methods for valuing investments. -Operational Procedure: Steps and protocols for investment operations. -Disclosure Norms: Requirements for transparent reporting of investment activities. -Reporting Norms and Certificates: Standards for regular reporting and certification of investment portfolios. -Investment Category Codes and Valuation Methodology: Codes and methodologies for categorizing and valuing investments. #irdai #investments #actuarial #finance #insurance #reinsurance
To view or add a comment, sign in
-
Business, Unwriting, Pricing, Reserving, Risk Management, Capital Management, ALM, Hedging, Big Data and Predictive Analytics, Modeling and Valuation Actuary
The Actuarial Control Cycle is a fundamental actuarial process designed to construct the initial commercial rates of health insurance products. It follows a three-step process, which is crucial for defining the segmentation and calibration of the premium based on the rate requirement. Different modelling approaches for competitive maker analysis may be used, including traditional GLMs complemented by machine learning algorithms like random forest and gradient boosting machine (GBM). Calibrating the base rate to meet the objective of the rate requirement: the base of the market rating structure is calibrated on the company target combined ratio, which reflects losses, expenses, commissions and other loading. I am a big fan of the Actuarial Control Cycle, used for insurance product development, underwiring, pricing, reserving, and risk capital management. #Actuary #Insurance #HealthInsurance #Actuarial #Productdevelopment #Underwriting #RiskCapital #Reserving
To view or add a comment, sign in
-
-
President & COO | Private Equity | Investment Management | P&C | Commercial Insurance | Property Insurance | Value Creation | Growth | Transformation | M&A | Margin Improvement | Shared Services |
This challenging post-pandemic claims dynamics will continue in 2024. The industry will need strategies and focus on data-driven approach to improve profitability. This includes better ways to assess, price risks and being disciplined in underwriting. I am excited to be working on designing an innovative AI solution for the property insurance segment. #insurance #underwriting #claims #insurtech
To view or add a comment, sign in
-
In these times of rising inflation and income volatility, a no-lapse guarantee in your life insurance policy could be your financial safety net. This feature can provide uninterrupted coverage without the stress, even if the market wobbles. Plus, it sidesteps the costly process of buying again in future, giving you and your insurer a distinct advantage. Dr. Rajesh Dalmia Varun Gupta Swati Umre, MSc, FIA, FIAI Ahum MitraShristy Agarwal Harsha Vasireddy, Qualified Actuary (FIA), CFA, FRMABHINAV MISHRA #LifeInsurance #FinancialSecurity #NoLapseGuarantee #EconomicStability #InsuranceIndustryInsights #FinancialServices #Innovation #lifeinsurance #actuary #actuarial #actuaries #lifeisnurancematters #Leadership #BusinessStrategy #ExecutiveLeadership #InnovationLeadership #EY #insurance
To view or add a comment, sign in
-
In this report, KPMG insurance professionals explore some of the drivers for actuarial transformation in today’s market, identify the opportunities and barriers, and share key considerations to help insurance organizations on their transformation journey. Learn more. #Insurance #Transformation #Actuarial #Modernization
Insurance transformation: Modernizing the actuarial function
kpmgswitzerland.smh.re
To view or add a comment, sign in
-
In this report, KPMG insurance professionals explore some of the drivers for actuarial transformation in today’s market, identify the opportunities and barriers, and share key considerations to help insurance organizations on their transformation journey. Learn more. #Insurance #Transformation #Actuarial #Modernization
Insurance transformation: Modernizing the actuarial function
kpmgswitzerland.smh.re
To view or add a comment, sign in
-
Tax Director | Tax Services for Entrepreneurs & Executives | Start-Up's, SME + MNE | KPMG Switzerland
In this report, KPMG insurance professionals explore some of the drivers for actuarial transformation in today’s market, identify the opportunities and barriers, and share key considerations to help insurance organizations on their transformation journey. Learn more. #Insurance #Transformation #Actuarial #Modernization
Insurance transformation: Modernizing the actuarial function
kpmgswitzerland.smh.re
To view or add a comment, sign in
-
In this report, KPMG insurance professionals explore some of the drivers for actuarial transformation in today’s market, identify the opportunities and barriers, and share key considerations to help insurance organizations on their transformation journey. Learn more. #Insurance #Transformation #Actuarial #Modernization
Insurance transformation: Modernizing the actuarial function
kpmgswitzerland.smh.re
To view or add a comment, sign in
-
## Chartered Accountants: The Untapped Powerhouse in Life Insurance Sales Think a career in life insurance doesn't align with your CA expertise? Think again! CAs bring a unique and valuable skillset to the table: Financial Acumen: You understand the intricacies of financial planning, making you a trusted advisor for clients' long-term security needs. Risk Assessment: Your expertise in risk management translates perfectly to understanding and explaining life insurance's role in mitigating financial risks. Client Relationships: Building strong client relationships is key to both professions. Your existing network can be a springboard for success. Combined with strong sales skills, CAs can excel in life insurance, offering clients a comprehensive approach to financial security.** #lifeplanning #financialplanning #CA #careerswitch #insurance
To view or add a comment, sign in
-
-
Which factors do you believe are the most critical for driving insurance innovation forward? Share your ideal ranking in the comments section and let us know your thoughts! Explore more about one of the region’s premier Actuarial consulting firms at www.shmaglobal.com or reach out to us at info@shmaconsulting.com #SHMA #Insurance
To view or add a comment, sign in
Fantastic role!