Actuarial Manager

DHRUVI JAIN

Address: Flat **, India House No.*, Kemps Corner, Mumbai – 400034, India Mobile: +91-961*******

E-mail: **********@*****.*** Nationality: Indian

WORK EXPERIENCE

Feb 2010– Till date ICICI LOMBARD GENERAL INSURANCE COMPANY, Actuarial Manager Mumbai, India

Data Reconciliation: Compilation, reconciliation and validation of the data.

Reserving: Using run-off triangles for analysis to arrive at yearly, quarterly and monthly IBNR claim reserves for following lines of business- Engineering, Fire, Marine-Cargo & Hull, Aviation, Liability, Motor, Personal Accident, and Travel. Application of factor curve fitting method for monthly IBNR calculations.

Loss reserving methods used: Chain Ladder and Bornhuetter Ferguson.

Testing the sensitivity of reserve estimates to assumptions like trend factors, method selection, loss development factors, revising assumptions and reserve estimates depending on reserve adequacy.

Analysing Reserve Utilisation Rates.

Pricing: Using frequency- severity model for Motor- Two Wheeler Policies.

Rate Adequacy Test: Using on level factors, premium and claims trending.

IRDA Requirements- Financial Condition Assessment Report (FCAR): Liaising with Underwriters, Reinsurers, Investment, IT and Legal teams for logic formation for the purpose of the report. Capital Adequacy, Asset Liability Management Modelling-sensitivity testing for solvency.

Economic Capital: (along Solvency II standards) building risk capital models for premium risk, reserve risk and catastrophe risk based on formula approach prescribed by IRDA.

Financial Reporting: Preparation of monthly and quarterly reports – Actual vs. Expected Analysis, e.g. loss ratios, unallocated expenses, earned premium, incurred loss, reserve (shortfall/surplus).

EDUCATION

Sep 2009– Sep 2008 M.Sc. (Applied Actuarial Science), University of Kent, Canterbury, UK

Major: General Insurance & Life Insurance

Topped CA1 (2) (Aggregate: Merit – 68%)

Obtained exemptions from IOA, U.K. and IAI, India for CA1, CA3, ST2, ST3

Sep 2007– June 2008 POST GRADUATE DIPLOMA (ACTUARIAL SCIENCE), UNIVERSITY OF KENT, Canterbury, UK

Topped CT5 (Distinction – 79.8%)

Obtained exemptions from IOA, U.K. and IAI, India for CT 2, CT3, CT4, CT5, CT6, CT7, CT8

May 2007–

Till date ACTUARIAL EXAMINATIONS

Passed CT1 from IAI, India.

Passed CT9 from IOA, U.K.

Jul 2004–

Jul 2007 B.COM(HONOURS), SHRI RAM COLLEGE OF COMMERCE, UNIVERSITY OF DELHI, India

First Division (73%)

Apr 1990–Jul 2004 SARDAR PATEL VIDYALAYA, Delhi, India

Central Board of Secondary Education (Class XII, Major: Commerce) – 90.6%

Central Board of Secondary Education (Class X) – 92.8%

IT SKILLS

Actuarial Software : PROPHET including DCS (Data Conversion System) – working knowledge of “product set-up”, “profit testing” and “modelling”

SAS Basic

Proficiency in: Microsoft Word, Excel and Powerpoint

OTHER INTERESTS & ACHIEVEMENTS

July 2005 – July 2006: Captain, Western Dance Troupe, Shri Ram College of Commerce. Won competitions at: IIT Delhi, Lady Shri Ram College, Shri Ram College of Commerce and Kalindi College

March 2005: Organiser, Annual Day, Shri Ram College of Commerce

June 2003: Co-ordinator, ‘Neighbourhood Project’ run by Sardar Patel Vidyalaya -taught and organised activities for the less privileged children. Awarded a scholarship for outstanding performance in ‘Contribution to School and Society’

June 2002- June 2003: Secretary, School Facilities, Students Executive, Sardar Patel Vidyalaya

Other interests – reading and team sports (part of school Volley Ball team)

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