The Company A global insurance company seeks to engage its next dedicated insurance actuary for one of its branches in Ivory Coast, who will among other tasks be in charge of data analysis, risks assessment and cost determination of insurance policies.
Responsibilities- Establish payment statements, funding and underwriting policies
- Prepare summaries of findings and make recommendations for approval or disapproval of regulated rates
- Analyze insurance policies and rates to determine the best coverage for clients’ needs
- Review and evaluate ratemaking techniques and their appropriateness in developing rates for various lines of insurance
- Liaise with insurers and state regulators to ensure compliance with legal requirements
- Review actuarial opinions, reports and memorandums in rate and rule filings, form filings, credit model filings, underwriting guideline filings, and information submitted to comply with filing requirements or special data requests
- Provide advice regarding the financial impact of proposed changes to an insurance policy
- Conduct research, assist with data calls, assist with data review and analysis and assist with preparation of technical reports to monitor the insurance market
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies
- Develop actuarial and statistical exhibits
