Arthito Roy
Bangalore
Summary
Qualified General Insurance Actuary, motivated and focused to drive strategic business decisions adept with portfolio management tools and actuarial expertise.
Possessing excellent leadership and exceptional interpersonal skills, leading a team of actuarial and financial professionals. Mentors, coaches and encourages employees to improve skills and meet organizational goals.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Senior Pricing Actuary
Swiss Re Corporate Solutions
10.2021 - Current
- Leading a team of diverse professionals with Actuarial, Finance and Statistical background with various experience levels. Coaching and mentoring team members and peers for personal and professional growth while ensuring strategic outcome for the organization with focus on profitability
- Instrumental is strategizing Credit and Surety Target portfolio, along with the portfolio owners, with focus on segmentation and profitability outcomes, default trends and rate projections for the various segments. Worked with the portfolio owner to incorporated the strategies to the Financial Plan with strong focus on bottom line and future plan
- Developed actuarial models and portfolio structuring capabilities for Credit and Surety products and implementing these solutions into Underwriting process. Leading the strategic direction for structuring solutions and enabling the underwriting change management process
- Parameterizing PD, LGD, STP using internal and external data along with market benchmarks, for both Credit, Surety and Political Insurance
- Key contributor in Business Unit in devising the Underwriting decision making process through developing new economic framework for transaction evaluation and referral framework as part of IFRS 17 transition of Swiss Re. Lead the change management for the underwriters and trained actuaries and portfolio specialists to be experts on the new framework
- Created an actuarial capital allocation framework for the Corporate Solutions Business Unit, as part of Swiss Re Group Capital allocation process, used in economic evaluation
- Developed technical pricing parameters Aviation non-flying risks and focused on large transaction pricing of manufactures, during a brief time period, responsible for developing Aviation pricing models
Pricing Actuary
Swiss Re Corporate Solutions
04.2018 - 10.2021
- Calibrated and developed a global pricing model for Property man-made risk with focus on revamping and transforming the risk evaluation framework to geographical location of the risk. Lead the change management and new model transformation for regional APAC property portfolio
- Carried out detailed calibration exercise for property Man-made risk base rates, curves along with geographical and size differentials for Australia and South East Asia risks
- Developed segmentation and top down portfolio monitoring framework for APAC property portfolio leveraging clustering and risk transfer pricing techniques. Worked with the portfolio owners and senior underwriters to incorporate underwriting expertise and portfolio actions as part of the exercise
- Created an innovative method of portfolio loss ratio evaluation of credit and surety portfolios, leveraging credit risk modelling and actuarial risk transfer pricing. Worked with the portfolio owners in transforming such studies into actions and reserving actuaries to have robust APLR setting
- Calibrated and introduced sector based and country based risk differential for commodities credit products, focusing on sector specific default risk and inherent fraud risk. Lead the implementation and underwriting change management process of these new risk factors
- Re-developed the machine learning model, using Generalized Additive modeling techniques for pricing of Marine Hull business, leveraging internal and external data providers
- Created bespoke pricing solutions working with Structures in APAC, to create complex structured risk transfer for corporate clients and captives
- Mentored junior colleagues and peers working in different lines of business, training them on actuarial methods to hone their expertise and personal growth
Actuarial Analyst
Swiss Re Corporate Solutions
07.2016 - 03.2018
- Calibrated pricing models using Generalized additive model techniques for Partial and Total Loss modelling of Marine Hull business
- Worked with the Marine LoB Head and Senior Underwriters to effectively implement the new pricing model of Marine Hull and make the underwriting change management a success
- Worked extensively in Structured Insurance pricing, collaborating with Structures from APAC, providing timely and effective solutions for bespoke structured pricing initiative
- Provided support to Marine Underwriting Centre on Facility pricing and renewal costings of large transactions
- Worked with Senior actuaries to support Property Underwriters on actuarial recommendations, modelling client loss experience
- Trained new joiners of the team on actuarial pricing methods and various costing and pricing tools within the company
Intern
Swiss Re Corporate Solutions
06.2015 - 07.2015
- Worked with senior actuaries to help develop GLM for pricing Marine Hull losses
- Worked on models used to map losses to Marine vessels reducing manual effort
Education
Fellow (FIA) - Actuarial Science
IFoA
12-2022
Master of Science - Statistics
University of Delhi
New Delhi, India06-2016
Bachelor of Science - Statistics
St. Xavier's College (Autonomous)
Kolkata06-2014
Skills
- Team work and Team building
- Interpersonal and Leadership skills
- Focus on collaboration and problem-solving
- Actuarial Modelling, Pricing, Reserving, Capital Modelling
- Statistical modelling and statistical inference
- Machine Learning
- Deep Reinforcement optimization
Certification
- Fellow of Institute and Faculty of Actuaries, UK
- Deep Reinforcement Learning, CCE IISc, Bangalore
Languages
English
Proficient (C2)
C2
Timeline
Senior Pricing Actuary
Swiss Re Corporate Solutions
10.2021 - Current
Pricing Actuary
Swiss Re Corporate Solutions
04.2018 - 10.2021
Actuarial Analyst
Swiss Re Corporate Solutions
07.2016 - 03.2018
Intern
Swiss Re Corporate Solutions
06.2015 - 07.2015
Fellow (FIA) - Actuarial Science
IFoA
Master of Science - Statistics
University of Delhi
Bachelor of Science - Statistics
St. Xavier's College (Autonomous)
- Fellow of Institute and Faculty of Actuaries, UK
- Deep Reinforcement Learning, CCE IISc, Bangalore
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