Job Description
Role: Associate – Rate Filing
Location: Bengaluru, India
www.chubb.com
About the Company:
Chubb is the world’s largest publicly traded property and casualty (P&C) insurer. With operations in 54 countries, Chubb provides commercial and personal P&C insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Roles & Responsibilities:
The key responsibility of the successful applicant will be to support the state-wise ratemaking and filing process for various lines of business, primarily in North America. This includes the actuarial rate indications, rate proposals, policyholder impact calculations, manual pages, system rate tables, state filing packages and state statutory required exhibits.
The detailed steps of the process include:
- Reviewing the data, conducting reasonableness checks, and resolving data anomalies
- Proposing selections of premium and loss trends assumptions, and preliminary loss development factors, and obtaining the excess of loss and cat loads
- Producing statutory rate indications, and revising them based on feedback
- Running the policy impact analysis, and incorporating the state capping rules, if applicable
- Documentation activities, such as updating the rate table templates, drafting the required filing materials, assembling a filing package, drafting responses to objections from the Department of Insurance (DOI), etc.
Eligibility:
- A Graduate/Post Graduate degree, with a relevant major
- Fresher, or up to 2 years of work experience in a similar / related role
- Decent actuarial exam progress - at least 1 and up to 5 exams passed
- Strong analytical skills and a keen attention to detail
- Ability to work flexibly and communicate appropriately with stakeholders from different time zones
- Eagerness to learn the craft and build a reputation for dependability (in terms of both quality and timeliness of work)
- Ability to work independently as well as in a team environment
- Proficiency in spoken and written English, and in MS Office Suite.
Why Chubb Business Services India?
Here are some reasons to join us:
- You will be joining a group of diverse and driven professionals trained to succeed in today’s insurance landscape.
- We provide the opportunity to cultivate a robust career; we accommodate your growth and development even as we expect you to make meaningful contributions to our company.
- We offer competitive compensation and benefit programs. We pride ourselves in being a meritocracy that rewards the best talent.
- We seek to create an inclusive environment where employees of different cultures and backgrounds can thrive.
Our Company and Culture
Chubb Business Services India focuses on building strong capability in the areas related to technology, CAT modeling, risk management, actuarial services and advanced analytics. The culture we would like to establish would align with the core principles of the organization as outlined below with the desire to transform and grow together.
Our culture reflects a commitment to craftsmanship and as craftspeople, we adhere to certain ideals:
- A Can-Do Attitude – we are optimistic about our future, and we have an enthusiasm to serve our customers and business partners with utmost speed and energy. We approach our work with passion – people want to live their lives with meaning. We have a shared vision to build something great – to serve society and leave the world a little better place because we’ve been here.
- Excellence in All We Do – we hold ourselves to exacting standards of technical proficiency. Customers can count on us to pay claims fairly and quickly. Agents and brokers can rely on us for attention to detail and help them build their businesses.
- Constant Improvement – we are a learning organization. We are constantly searching for ways to improve our craft. We relentlessly pursue data-driven insights to drive better, smarter decision-making – our portfolio management efforts, for example.
- Global Reach and Local Expertise – we apply our craft locally all around the world. We appreciate differences in culture, history and geography. And this enables us to adapt accordingly to best serve diverse customers, markets and distribution.
Interested candidates share your CV to Nithya.b@chubb.com
