Data Analysis: Collect and analyze data related to insurance claims, policyholder demographics, market trends, and other relevant factors. Use statistical software and modeling techniques to identify patterns, correlations, and insights that can inform decision-making. Risk Assessment: Assist in assessing and quantifying risks associated with insurance policies and portfolios. Evaluate factors such as the likelihood of claims, severity of losses, and exposure to various hazards to determine appropriate premium rates and underwriting guidelines. Actuarial Calculations: Perform actuarial calculations to determine insurance reserves, premiums, and policy values. Use mathematical models and formulas to estimate future liabilities, expenses, and financial projections for insurance products and portfolios. Underwriting Support: Provide support to underwriters by analyzing applicant data, conducting risk assessments, and making recommendations on policy approvals, modifications, or rejections. Help ensure that underwriting decisions are based on sound risk management principles and guidelines. Policy Analysis: Review insurance policies and contracts to ensure compliance with regulatory requirements, company policies, and industry standards. Identify any inconsistencies, ambiguities, or potential risks in policy language and recommend revisions or clarifications as needed. Claims Analysis: Analyze insurance claims data to identify trends, patterns, and anomalies. Evaluate claims settlement practices, loss ratios, and claims reserves to assess the financial impact on the company and identify opportunities for improvement. Product Development: Collaborate with product management teams to develop new insurance products or enhance existing offerings. Provide input on product features, pricing strategies, and underwriting guidelines based on data analysis and market research. Quality Assurance: Ensure the accuracy, reliability, and integrity of data used in actuarial and analytical processes. Implement quality control measures, validate data sources, and conduct audits to identify and correct errors or inconsistencies. Regulatory Compliance: Stay informed about regulatory requirements, accounting standards, and industry best practices relevant to insurance operations. Ensure compliance with regulatory filings, reporting requirements, and statutory reserves. Documentation and Reporting: Maintain documentation of data sources, methodologies, assumptions, and results for actuarial and analytical work. Prepare reports, presentations, and documentation for internal stakeholders, regulatory agencies, and auditors as needed.