Actuarial Graduate Management Trainee

Description

To support the Actuarial Function by providing actuarial analysis, pricing support, portfolio monitoring, and reporting, with a primary focus on Medical Insurance. The role will also provide analytical support to Finance and other insurance business lines where required to support sound business decisions and sustainable portfolio growth.

Key Tasks and Responsibilities

Support the pricing of new and renewal medical business by assessing premium adequacy and preparing quotations.

Assist in developing pricing recommendations based on claims experience, medical inflation, utilization trends, and scheme demographics.

Support benefit design reviews by assessing the cost impact of proposed benefit changes, co-payments, deductibles, and hospital restrictions.

Analyze claims experience, loss ratios, and utilization trends to identify key cost drivers and emerging risks.

Prepare regular portfolio performance...