Introduction
Welcome to Gallagher - a global community of people who bring bold ideas, deep expertise, and a shared commitment to doing what's right.
We help clients navigate complexity with confidence by empowering businesses, communities, and individuals to thrive.
At Gallagher, you'll find more than a job; you'll find a culture built on trust, driven by collaboration, and sustained by the belief that we're better together. Experience a workplace where you're encouraged to be yourself, supported to succeed, and inspired to keep learning. That's what it means to live The Gallagher Way.
Founded in 2006, the Gallagher Center of Excellence (GCoE) upholds the values of quality, innovation, and teamwork. With 10,000+ professionals across five India locations, GCoE is where knowledge-driven individuals make a significant impact and build rewarding, long-term careers.
Overview
Gallagher Re actuarial team uses deep actuarial skills along with high quality analytical and problem-solving prowess to assist clients in enhancing their business performances and optimize their reinsurance portfolios. The expertise obtained over the several years of market presence allows the client-oriented teams to provide finest services.
The candidate will work in Reinsurance Pricing teams for business lines like Property & Casualty, Motor, and/or Specialty lines like Aerospace and Marine. The teams provide pricing of contracts and dynamic portfolio optimization for international clients, serviced via our international offices.
How You'll Make An Impact
The principal responsibilities for the candidate will be:
- Data cleansing and processing to facilitate actuarial analysis
- Assist on-shore stakeholders and Actuaries in performing Actuarial Pricing Analysis such as Experience rating and Exposure rating for building a comprehensive, multi-dimensional loss model in accordance with client risk profiles and industry norms
- Estimating reinsurance pricing and determining optimal Reinsurance Strategies
- Prepare and provide reports and decks for the performed analyses
- Contribute towards the Industry studies and Benchmarking activities, that aim at promoting Gallagher Re as thought leader in reinsurance marketplace
- Contribute to development of innovative concepts, tools or automating current process.
About You
- Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce
- A student member of any of the following institutes:
- Institute of Actuaries of India (IAI)
- Institute of Faculties of Actuaries - UK (IFoA)
- 3-6 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further
- Professional communication skills, both written and oral
- Good understanding of insurance and reinsurance concepts
- Strong analytical and problem-solving skills
- Propensity to think beyond the assignment at hand and show ability to be detail oriented
- Driven to take initiatives and challenging work
- Ability to work collaboratively in team
- Ability to turn around work of professional quality within set deadlines
- Excellent MS Office skills, particularly Excel is essential
- Knowledge of VBA, SQL, Python, R, Power BI etc. is added an advantage
- A relevant internship or industry experience of 2 - 5 years will be an added advantage.
Additional Information
Compensation and benefits
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.
Below are the
minimum core benefits you'll get, depending on your job level, these benefits may improve:
- Medical Insurance and Parental Medical Insurance
- Accidental Insurance and Life Insurance
- Retirals - Employee Gratuity, Future Service Gratuity benefit - Group Term Life, Employee Provident Fund, National Pension Scheme
- Flexi Benefits Plan - Tax Savings Plans
- Annual Leave/ Maternity & Paternity Leave/ Additional paid ML, Mental Health Day
Other benefits include:
- Employee Wellness Programs
- Training programs
- And more..
We value inclusion and diversity
Inclusion and diversity (I&D) is a core part of our business, and it's embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.
Gallagher embraces our employees diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.
Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination.
