1. Rate Indications & Pricing Support
- Develop actuarially sound rate indications.
- Perform trend, loss development, exposure, and profitability analyses.
- Support pricing model and rating algorithm development.
- Recommend pricing strategies to improve profitability and growth.
- Conduct competitive and market research.
- Collaborate with Underwriting, Claims, Compliance, and Reserving teams.
- Monitor pricing effectiveness and recommend improvements.
- Prepare and submit rate filings to U.S. State Insurance Departments.
- Draft actuarial memorandums and supporting documentation.
- Ensure compliance with:
- NAIC
- ISO
- NCCI
- State DOI requirements
- Respond to regulatory objections and interrogatories.
- Support implementation of approved rate changes.
- Create monthly rate monitoring and retention reports.
- Track:
- Achieved rate changes
- Retention trends
- Premium growth
- Policy count movements
- Analyze customer retention following rate changes.
- Identify drivers behind performance variances.
- Automate reporting and monitoring processes.
- Build scalable reporting frameworks and datasets.
- Bachelor's or Master's degree in:
- Actuarial Science
- Mathematics
- Statistics
- Economics
- Engineering
- Affiliation with IAI, IFoA, CAS, or SOA
- 8+ actuarial exams completed
- Part Qualified or Nearly Qualified Actuary
- 4-6 years of actuarial experience
- Preferred experience in:
- U.S. P&C Insurance
- Ratemaking
- Pricing
- Regulatory Filings
- Advanced Excel
- VBA
- SAS
- SQL
- R
- Python
- Power BI
- QlikView
- Strong analytical and problem-solving abilities
- Excellent communication skills
- Stakeholder management
- Team collaboration
- Ability to work independently
Skills Required
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, or Engineering
- Affiliation with IAI, IFoA, CAS, or SOA
- 8+ actuarial exams completed
- Part Qualified or Nearly Qualified Actuary
- 4-6 years of actuarial experience
- Experience in U.S. P&C Insurance
- Experience in Ratemaking
- Experience in Pricing
- Experience in Regulatory Filings
- Advanced Excel
- VBA
- SAS
- SQL
- R
- Python
- Power BI
- QlikView
- Strong analytical and problem-solving abilities
- Excellent communication and stakeholder management skills
- Ability to work independently and collaborate with teams
What We Do
Choosing a digital partner is about more than capabilities — it’s about collaboration and character. Unrealistic overhauls and off-the-shelf products ignore what matters most — your unique needs, culture, goals, and your legacy data and technology environments. At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We’re your business evolution partner—tailoring solutions that make the most of data to make better business decisions and drive more intelligence into your increasingly digital operations. Whether your goals are scaling the use of AI and digital, redesign operating models, or driving better and faster decisions, we’re here to partner with you to help you gain—and maintain—competitive advantage with efficient, sustainable models at scale. Our expertise in transformation, data science, and change management helps make your business more efficient and effective, improve customer relationships and enhance revenue growth. Instead of focusing on multi-year, resource- and time-intensive platform designs or migrations, we look deeper at your entire value chain to integrate strategies with impact. We use our specialization in analytics, digital interventions, and operations management—alongside deep industry expertise — to deliver solutions that help you outperform the competition. At EXL, it’s all about outcomes—your outcomes—and delivering success on your terms. Share your goals with us and together, we’ll optimize how you leverage data to drive your business forward. For more information, visit www.exlservice.com.
