Insurance Pricing Analyst Jobs in Chennai Insurance Company

📋 Job Description

Jobzi is sourcing qualified candidates for Insurance Pricing Analyst positions in Chennai's private Insurance Company sector. This is a full-time opportunity with a reputed Insurance and Financial Services employer in Chennai offering competitive salary, structured growth, and a professional work environment. Tamil communication skills are preferred alongside English for professional and business interaction in Chennai.

📌 Key Responsibilities

• Build and maintain pricing models for life, health, or general insurance product lines
• Analyze loss ratios, claim frequencies, and severity trends to support premium rate reviews
• Develop risk segmentation models for underwriting and pricing precision using statistical methods
• Benchmark product pricing against competitor rates using market intelligence and pricing surveys
• Support product filing with actuarial pricing notes, rate schedules, and benefit illustrations
• Conduct experience studies on mortality, morbidity, lapse, and expense for assumption updates
• Prepare pricing presentations for management approval and IRDAI regulatory submissions

🎓 Qualifications and Requirements

• B.Sc. Statistics/Mathematics, MBA in Finance, or actuarial exam passes (IAI CT series) with 3-7 years experience
• Proficiency in R, Python, or SAS for statistical analysis and pricing model development
• Strong knowledge of actuarial pricing concepts: GLM, credibility theory, and frequency-severity models
• Experience with insurance data extraction, cleaning, and analysis from policy admin systems
• Understanding of IRDAI product regulations and actuarial certification requirements
• Good Excel/VBA skills for pricing workbook development and scenario modeling
• Actuarial exam progress (minimum 3-5 IAI exams passed) strongly preferred
• Good Tamil and English communication skills for team coordination and client interaction in Chennai.

✅ Required Skills