Actuary, Pricing
HumanaSalary not specified
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries
Requirements
- Bachelor’s degree in Mathematics, Actuarial Science, or related field
- Minimum of 3-8 years of overall experience, with a strong preference for local motor insurance pricing experience
- Must be pursuing actuarial designation or is already an Associate of the Australia
Responsibilities
- Performing rate reviews, rate modeling (such as vehicle model rating), and portfolio monitoring for assigned territories/lines of business
- Collaborating with local businesses to profitably acquire and grow the motor insurance business through visits, presentations, and pricing recommendations to local underwriting agencies and reinsurers
- Liaising with external stakeholders including underwriting agencies, brokers, reinsurers, actuarial consultancies, external vendors, and internal functions (Business Development, Risk, Claims, Finance, and Operations)
- Owning the process of responding to all internal, external, or ad hoc requests for business unit/product line support, with guidance from a manager
- Analyzing data from various source systems, ensuring accuracy, and identifying adjustments for anomalies. Gathering information, completing reports and analysis as directed, and incorporating feedback for reporting and communications
- Assisting with collecting data and responding to inquiries from state insurance departments, auditors, and internal functions regarding business processes, gaps, strategy & improvements
- Identifying system and data inefficiencies and providing recommendations to resolve
- Implementing solutions to translate financial projections into business metrics, understanding area productivity, processes, and business profitability
- Participating in cross-training and knowledge sharing within the team/department to accomplish goals. Actively managing self-development and taking actuarial exams in pursuit of professional designation
Skills
Rate Reviews
Rate Modeling
Vehicle Model Rating
Portfolio Monitoring
Data Analysis
Pricing Recommendations
Underwriting Support
Actuarial Analysis
Assurant
Provides risk management and insurance solutions
About Assurant
Assurant provides risk management solutions that focus on protecting major consumer purchases, particularly in mobile devices, electronics, and smart technology. The company offers insurance products and extended service contracts that help consumers safeguard their investments in high-value items. When a product is damaged or malfunctions, Assurant also provides repair services to restore it efficiently. This approach helps clients minimize financial losses from unexpected events. Assurant generates revenue through the sale of insurance policies, service contracts, and repair services. Unlike many competitors, Assurant emphasizes diversity, equity, and inclusion within its corporate culture, which enhances its ability to serve a diverse customer base. The company's goal is to support consumers and businesses in maintaining their day-to-day operations while protecting their investments.
New York City, New YorkHeadquarters
1892Year Founded
IPOCompany Stage
Financial Services, Consumer GoodsIndustries
10,001+Employees
Benefits
Health Insurance
Hybrid Work Options
Professional Development Budget
Risks
Integration challenges from acquiring iSmash may affect operational efficiency.
Regulatory scrutiny from acquiring American Lease Insurance could pose compliance challenges.
Cultural clashes from acquiring American Financial & Automotive Services may impact operations.
Differentiation
Assurant specializes in risk management for mobile devices and electronics globally.
The company offers insurance, service contracts, and repair services for high-value items.
Assurant's DEI commitment fosters innovation and enhances customer understanding.
Upsides
Increased demand for mobile device insurance due to remote work trends.
5G expansion drives demand for new devices and related insurance products.
Acquisition of iSmash enhances Assurant's tech repair service capabilities.
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