The Actuarial Team at CURE Auto Insurance is looking for a Senior Actuarial Analyst to join our growing team! In this role, you will be a key member in helping CURE grow profitably. The Senior Actuarial Analyst will be involved in a variety of actuarial work, including rate indication, reserving and development of predictive model.
Cure Auto Insurance is a unique insurance company that offers personalized auto insurance to safe drivers based on their driving record, rather than traditional factors such as credit score, education and income. The company is dedicated to providing affordable auto insurance to its customers and reducing the number of uninsured drivers on the road, while also promoting safe driving habits and giving back to the communities it serves.
Job Responsibilities
Pricing: prepare and review of rate indication to determine the base rate adequacy and rate needs; analyze the premium and loss trends to help make an informed business decision; understand CURE's competitive positions and find suitable rating factors for CURE from competitors' filing
Reserving: complete quarterly reserve analysis; conduct an in-depth analysis of claims and drive operational decisions to improve efficiency and reduce leakage
Modelling: collaborating with business users, creating/testing/refining predictive models, quantifying business benefits, deploying models, and presenting results to technical and non-technical audiences
Mentorship: meeting with actuarial analysts on a regular basis to discuss work progress, development plans, and any challenges they are facing, monitoring employee progress and providing feedback, providing encouragement and assistance where needed
Other work might include providing premium and loss data to reinsurers, feasibility study of other lines of business and expansion into new states.
Qualifications
3-5 years of P&C actuarial experience.
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related major.
3+ actuarial exams and interest in pursuing the ACAS and FCAS credential from the Casualty Actuarial Society.
Proficiency in SQL and MS Office
Experience with Python and VBA
Excellent verbal and written communication skills.
At CURE, we believe that everyone deserves car insurance at a fair rate that is based primarily on their driving record. We strive to not only fulfill this mission, but also to educate the public in the process. Our not-for-profit model allows CURE to continually offer affordable car insurance to responsible drivers.
CURE is the voice for responsible drivers who have been discriminated against by other car insurers based on factors that shouldn't impact car insurance rates, such as education, occupation, and credit score. CURE leads the way as the solution for transforming the car insurance industry and removing income discriminating practices.
CURE cares mostly about how well you drive, so we refuse to adopt discriminatory income rating factors like education, occupation, and credit score that most other insurers use. Your car insurance rate should be based on how well you drive. Drive well!
