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Insurance Actuary Resume Samples(Text format)

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About Me

Insurance Actuary

  • Extensive experience of XX years inutilizing sophisticated dataanalysis and techniques to measure and evaluate risk for insurance products; designing, analyzingand testingstatistical data models in order to improve knowledge base and business intelligence
  • Providingsupport for product development, underwriting andsales teams; analyzingdiverse data sets to produce new discoveries about insured individuals and apply this to actuarial results; executingroot cause analysis and apply results to insurance pricing models.
  • Deft in developingnew methodologies, testing processes, and statistical reports to help optimize accuracy of complex data; developingactuarial policies and procedures, ensuring compliance within the department and external government agencies

EDUCATION

Actuarial Science, Bachelor's degree, Completed, June 2003

ABC College

Actuarial Science

Delhi, Delhi

Work Experience

July 2005 - November 2012

Insurance Actuary

XYZ Ltd

Delhi, Delhi

Key Result Areas:

  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates
  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits
  • Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improving existing business
  • Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information
  • Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums
  • Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies\
  • Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, and/or the public
  • Determine policy contract provisions for each type of insurance
  • Explain changes in contract provisions to customers
  • Manage credit and help price corporate security offerings
  • Provide advice to clients on a contract basis, working as a consultant
  • Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings
  • Testify before public agencies on proposed legislation affecting businesses

Key Highlights:

  • Any existing systems/ processes streamlined???? Results obtained????Major assignments handled????
  • Any unique initiative taken to improve customer satisfaction level???? Any major accounts/clients handled???
  • Awards/appreciation letters received???? Other relevant achievements????

 

January 2013 - December 2017

Insurance Actuary

ABCD Ltd

Delhi, Delhi

Key Result Areas:

  • Prepared monthly and quarterly financial reports
  • Used pricing models to perform analysis
  • Monitored market for current prices and products and prepare competitive analysis reports
  • Handled preparation and submission for filings of long-term care rates
  • Designed and pricedinsurance policies and pensions and ensure plans are financially sound

Key Highlights:

  • Any existing systems/ processes streamlined???? Results obtained????Major assignments handled????
  • Any unique initiative taken to improve customer satisfaction level???? Any major accounts/clients handled???
  • Awards/appreciation letters received???? Other relevant achievements????

 

Skills

Computer Proficiency

  • MS Office – Word, Excel and PowerPoint star3
  • Internet Applications star3

Languages

  • English
  • Hindi
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