Analyst – Risk Analytics - Actuarial

Introduction


Overview

Overview

We’re looking for an Analyst to join the Gallagher Re Actuarial Team in Mumbai. Backed by Gallagher, one of the world’s largest insurance brokers, you’ll work with a global team that uses data and analytics to design reinsurance solutions tailored to client needs. This is your chance to collaborate with experts, enhance your skills, and make a real impact in a dynamic and supportive environment.

How You’ll Make an Impact

In this role, you’ll analyse data and trends to help clients optimise their reinsurance strategies. You’ll build loss models, investigate loss ratios, and provide insights that drive decision-making. Working closely with global teams, you’ll ensure clients receive the best solutions for their unique needs.

Here’s what you’ll also do:

• Conduct ground-up analysis to understand client portfolios.
• Build and maintain loss models based on experience and exposure.
• Communicate complex technical information to non-technical stakeholders.
• Support the growth and development of team members.

About You

Here’s what you’ll bring to the role:

• A strong understanding of insurance principles and regulations.
• Analytical skills to interpret data and draw meaningful insights.
• The ability to explain complex ideas clearly to different audiences.
• A collaborative mindset and eagerness to learn.
• Experience in actuarial science or related fields.

How you'll make an impact

Responsibilities:

The successful candidate must have a deep understanding of insurance principles and regulations and be able to effectively communicate complex technical information to non-technical stakeholders. As an important member of the team, the candidate would be responsible for the growth and development of other members of the team, ultimately contributing to the overall success of the team and organization.

• Analyzing data and trends to help clients make informed decisions of the optimal reinsurance strategies they should adopt
• Performing ground up analysis and loss ratio investigations to build client portfolio understanding
• Build comprehensive loss models based on experience and exposure analysis in accordance with client’s risk profiles and industry standards
• Estimate reinsurance treaty pricing for clients mainly in Property, Casualty, Marine, Aerospace, etc. lines of business (depending on the market/team)
• Reinsurance structure optimisation and profitability analysis to manage earnings volatility and solvency risk for clients
• Collaborating with cross-functional teams to ensure actuarial principles and techniques are accurately implemented in product development and pricing strategies
• Generating reports and presentations summarizing analyses and findings to support business decision-making
• Contributing towards the Industry studies and benchmarking activities, that aim at promoting Gallagher Re as thought leaders in the reinsurance marketplace
• Providing valuable insights and support to clients while continuously improving processes through innovation in the form of tool development and automation of Actuarial analysis

About you

Qualifications:

• Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce
• A member of any recognized Actuarial institute like Institute of Faculties of Actuaries – UK (IFoA), Institute of Actuaries of India (IAI), etc.
• 2 - 5 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further.
• Excellent MS Office skills, particularly Excel is essential.
• Knowledge of VBA, SQL, Python, R, Power BI etc. is an added advantage.

Additional Information

At Gallagher, we believe supporting our colleagues goes far beyond the role itself. For more information, visit our Benefits page.

• Competitive compensation
• Comprehensive benefits programs designed to support your well-being 
• Career development opportunities and ongoing learning 
• A collaborative, people-first culture with accessible leadership 
• The opportunity to do meaningful work with global reach and local impact 

At Gallagher, we are dedicated to building an inclusive and authentic workplace. If your past experience doesn’t align perfectly, we encourage you to join our Talent Community to stay connected to additional career opportunities. At times, we will consider transferable skills from previous roles.

Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)