Analyst - Risk Analytics - Actuarial

Arthur J. Gallagher · Mumbai

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Welcome to Gallagher in India — where expertise, technology, and purpose come together. Since 2006, Gallagher in India has supported global teams by delivering quality, service, and speed through deep expertise, smart technology, and specialized knowledge services. More than just an operations center, it’s a place where careers grow through collaboration, continuous learning, and purposeful work. We drive efficiency, compliance, and innovation so our teams can focus on serving clients. If you enjoy solving problems and working with purpose, Gallagher is the place where you can grow and feel a sense of belonging.

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 make informed decisions about their reinsurance strategies. You’ll build loss models, investigate loss ratios, and provide insights that drive decision-making. You’ll also collaborate with cross-functional teams to ensure actuarial principles are applied effectively in pricing and product development.

Here’s what you’ll also do:

• Estimate reinsurance treaty pricing for various lines of business, including Property, Casualty, Marine, and Aerospace.
• Optimise reinsurance structures to manage earnings volatility and solvency risks.
• Generate reports and presentations to support business decisions.
• Contribute to industry studies and benchmarking activities to position Gallagher Re as a thought leader.
• Innovate processes through tool development and automation.

About You

Here’s what you’ll bring to the role:

• A graduate or postgraduate degree, preferably in Statistics, Mathematics, Economics, or Commerce.
• Membership in a recognised actuarial institute (e.g., IFoA, IAI) with 3–6 actuarial exams cleared.
• 1–3 years of relevant experience.
• Strong skills in MS Excel, with knowledge of VBA, SQL, Python, R, or Power BI being an advantage.
• Excellent communication skills to explain complex ideas clearly.
• A collaborative mindset and eagerness to learn and grow.

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
• Collaborate with cross-functional teams to ensure actuarial principles and techniques are accurately implemented in product development and pricing strategies
• Generate reports and presentations summarizing analyses and findings to support business decision-making
• Contribute towards the Industry studies and benchmarking activities, that aim at promoting Gallagher Re as thought leaders in the reinsurance marketplace
• Provide valuable insights and support to clients while continuously improving processes through innovation in the form of tool development and automation of Actuarial analysis

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.
• 3-6 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further.
• Relevant experience of 1 - 3 years
• Excellent MS Office skills, particularly Excel is essential.
• Knowledge of VBA, SQL, Python, R, Power BI etc. is an added advantage.

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)

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
• Collaborate with cross-functional teams to ensure actuarial principles and techniques are accurately implemented in product development and pricing strategies
• Generate reports and presentations summarizing analyses and findings to support business decision-making
• Contribute towards the Industry studies and benchmarking activities, that aim at promoting Gallagher Re as thought leaders in the reinsurance marketplace
• Provide valuable insights and support to clients while continuously improving processes through innovation in the form of tool development and automation of Actuarial analysis

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.
• 3-6 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further.
• Relevant experience of 1 - 3 years
• Excellent MS Office skills, particularly Excel is essential.
• Knowledge of VBA, SQL, Python, R, Power BI etc. is an added advantage.

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