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Job Description
About the Opportunity:
CAT management and modeling services help insurers manage exposures and improve premium risk estimation. In conjunction with expertise in hydrological and geospatial science, the capability unit help insurers model catastrophes for more accurate risk-estimation, identify loss drivers and mitigate the unknown with real, actionable information. It measures CAT exposure and provide models and loss estimates; enhance underwriting operations and pricing strategies; and improve overall decision making. The job involves Risk Assessment and Pricing, examining of the threshold limits, reporting of exposure and loss changes and the management of the portfolio.
What you'll be do
• To ensure exposure information is captured in a precise and accurate manner and within the timeline specified. Understand and put to practice the basic rules of exposure management. • Gain a deep understanding of different insurance coverages, know location and policy specific data pertaining to different coverages. • Recognize and comprehend ground level data and associated policy coverages in excel and in allied software to carry out meaningful reporting. • Data Capture, reporting on a weekly / monthly duration, Analysis of data for different lines of business including Offshore Energy account, Offshore Construction policies, property, terrorism, marine, construction, cargo, hull etc. • Use of third-party software for the capturing exposure information like insured values, financial limits & retention for different lines of business • Daily interaction with onshore aggregation team/ underwriters / colleagues to clarify and answer associated queries. • Produce aggregate report for all class of business as per ACCORD standard on monthly and as and when needed on adhoc basis. • Understand worldwide geography and address formats, different occupancies and be responsible for the accurate positioning, cleansing and exactness of worldwide Address data. • Ensure clear and concise communication with the onshore counterparts before final delivery of the project. • Display good ability to work under pressure and ensure flexibility in working. • Ensuring documentation of processes is always up to date. • Ensuring onshore communication is necessary, clear, precise, complete & ensuring quicker resolution of queries. • Would be required to review the process on a regular basis to understand the scope of improvement areas and identify new process opportunities.
What you'll bring to the team:
• Masters in applied mathematics/ statistics/ economics/Insurance domain • Excellent analytical skills • Basic excel knowledge such as using VLOOKUP and running pivots • Good problem solving skills • Good presentation skills • Advance Excel/VBA
Skills
Risk ModelingModelingCatCat ModellingRiskReinsuranceDrivesInsuranceIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
As an industry-focused consulting and managed services company, Xceedance partners with insurers, reinsurers, brokers and MGAs/MGUs worldwide. Clients rely on us to launch new products, drive operations, implement cutting-edge technology, and deliver advanced analytics capabilities and process optimization. With clients on four continents, our ever-growing workforce is knowledgeable and responsive, serving a wide range of insurance providers in distinctive business ecosystems.
By leveraging our deep technical knowledge and extensive understanding of insurance processes, our clients gain significant enhancements to their direct distribution platforms, rating and pricing, and policy and claims management workflows. With unique solutions and services from Xceedance, insurers can effectively evaluate risk, understand customer behaviors and improve policyholder experiences.
Xceedance provides strategic operations support, technology, and data services to drive efficiencies for insurance organizations worldwide. The company helps insurers launch products, implement intelligent technology, deploy advanced analytics, and achieve business process optimization. The company’s proficiency extends to underwriting, actuarial services, catastrophe modeling, and exposure management, policy services, claims, BI and reporting, finance and accounting, and application development.
Insurers are faced with new challenges, affecting policyholder service, product and distribution strategy, company culture, the nature of the today’s workforce, and the cadence of technology-enabled operations. Today’s insurers can share some of this burden — and effectively relieve many of their challenges — by turning to an industry-focused partner who can bring expertise and focus on speed-to-market for new business, new products, and new service paradigms.
Xceedance provides insurers a measured gateway to modernization, incorporating talent and expertise, not only with new technologies, but also with best practices, processes, and regulatory considerations. We productively supplement insurer’s internal resources or act as a knowledgeable surrogate resource, providing knowledgeable talent without the need for extensive investment or training. The experience and success of Xceedance clients on four continents demonstrate the value of our technology-enabled services across the insurance lifecycle.
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