Insurance Analyst

Senior Analyst I - Actuarial Life Valuation

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

About Chubb India

At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work® for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow.

With a team of over 2500 talented professionals, we encourage a start-up mindset that promotes collaboration, diverse perspectives, and a solution-driven attitude. We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape.

We offer an environment where you will be part of an organization that is dedicated to solving real-world challenges in the insurance industry. Together, we will work to shape the future through innovation and continuous learning.

Position Details

• Job Title: Sr Analyst
• Function/Department: Actuarial
• Location: Bengaluru
• Employment Type: Full time
• Reports To: Team Lead
• Role Overview: The modelling senior analyst supports the development and migration of actuarial models, ensuring accurate calculations and timely project delivery for Chubb Life entities in Asia Pacific, in collaboration with regional and local teams.
  
  

Key Responsibilities

• Lead the Prophet migration project and manage its timeline and deliverables
• Design and develop coding to meet local and Chubb requirements (including real world, risk neutral, and US GAAP calculations)
• Prepare and review impact analysis between old and new models with thorough investigation and explanations
• Lead and manage the development of functional check spreadsheets to validate calculation functionalities in the new model
• Support local country teams on dry runs and UATs
• Manage and support model change work performed by local entities
• Support regional projects like US GAAP LDTI and IFRS17 to ensure the new model meets future requirements
• Support local projects such as ALS development for HK RBC purposes 

 

 

 

 

• Bachelor’s or Master’s degree in Mathematics, Actuarial Science or Statistics.
• 8 - 10 exams from recognized actuarial institute and 5-7 years of relevant experience.
• In-depth knowledge of USGAAP (LDTI), Pricing and Experience studies.
• Proficiency in Prophet, or similar Actuarial software is highly desirable.
• Strong data analytics skills, attention to detail, and problem-solving abilities.
• Excellent communication and interpersonal skills, with the ability to manage multiple projects and meet deadlines.
• Prior experience with R or Python is must.
• Proficiency in MS Excel and other office applications.

 

Why Chubb?

Join Chubb to be part of a leading global insurance company!

Our constant focus on employee experience along with a start-up-like culture empowers you to achieve impactful results.

• Industry leader: Chubb is a world leader in the insurance industry, powered by underwriting and engineering excellence
• A Great Place to work: Chubb India has been recognized as a Great Place to Work® for the years 2023-2024 and 2024-2025
• Laser focus on excellence: At Chubb we pride ourselves on our culture of greatness where excellence is a mindset and a way of being. We constantly seek new and innovative ways to excel at work and deliver outstanding results
• Start-Up Culture: Embracing the spirit of a start-up, our focus on speed and agility enables us to respond swiftly to market requirements, while a culture of ownership empowers employees to drive results that matter
• Growth and success: As we continue to grow, we are steadfast in our commitment to provide our employees with the best work experience, enabling them to advance their careers in a conducive environment

 

Employee Benefits

Our company offers a comprehensive benefits package designed to support our employees’ health, well-being, and professional growth. Employees enjoy flexible work options, generous paid time off, and robust health coverage, including treatment for dental and vision related requirements. We invest in the future of our employees through continuous learning opportunities and career advancement programs, while fostering a supportive and inclusive work environment. Our benefits include:

• Savings and Investment plans: We provide specialized benefits like Corporate NPS (National Pension Scheme), Employee Stock Purchase Plan (ESPP), Long-Term Incentive Plan (LTIP), Retiral Benefits and Car Lease that help employees optimally plan their finances
• Upskilling and career growth opportunities: With a focus on continuous learning, we offer customized programs that support upskilling like Education Reimbursement Programs, Certification programs and access to global learning programs.
• Health and Welfare Benefits: We care about our employees’ well-being in and out of work and have benefits like Hybrid Work Environment, Employee Assistance Program (EAP), Yearly Free Health campaigns and comprehensive Insurance benefits.

 

Join Us

With you Chubb is better. Whether you are solving challenges on a global stage or creating innovative solutions for local markets, your contributions will help shape the future. If you value integrity, innovation, and inclusion, and are ready to make a difference, we invite you to be part of Chubb India’s journey.

 

Experience Level

Senior Level