ResQ
DHARMESH SHARMA
Senior Specialist - Actuarial
Mumbai,India
Summary
An actuarial professional with 10 years of experience in Non-Life insurance industry. Expert in handling reserving and reporting. Handled portfolios with business mix including Retail and Commercial.
Overview
11
11
years of professional experience
5
5
years of post-secondary education
Work History
Senior Specialist
Marsh McLennan Global Services
MUMBAI, MH
02.2021 - Current
- Evaluated adequacy and competitiveness of insurance programs for commercial insurance products.
- Built and ran analytical models to assess economic cost of various insurance programs.
- Prepared presentations and reports outlining findings and recommendations.
- Worked closely with clients to maintain optimum levels of communication to effectively and efficiently complete projects.
- Led team members in scoping and delivery of projects, resulting in positive feedback from the stakeholders.
- Provided training to team members on actuarial concepts.
Senior Manager
MAGMA HDI GENERAL INSURANCE
Mumbai, IN
06.2018 - 02.2021
- Led actuarial team on monthly/quarterly/annual reserving and reporting
- Reviewed ALM position, Solvency and Capital requirements as per regulatory guidelines and corresponded with internal sources on compliance and legislation.
- Developed actuarial models and modified the model, if needed, alongwith control documentation for implementation.
- Collected, analyzed and reviewed required reporting forms and corresponded with internal sources on compliance and legislation.
- Performed claims analysis and reviewed portfolio composition to asses the financial impact.
- Explained complex technical matters pertaining IBNR reserves, solvency, ALM, etc to company executives.
Deputy Manager
BHARTI AXA GENERAL INSURANCE
Mumbai, MH
05.2017 - 06.2018
- Prepared quarterly/annual reports and forms as per the regulation.
- Conducted and reported periodical reserving for all lines of business.
- Communicate analytical findings in the portfolios to all key stakeholders on a regular basis.
- Enhance process efficiency for better analytic decisions.
Actuarial Analyst
ROYAL & SUN ALLIANCE INSURANCE MIDDLE EAST LTD
Dubai, ME
11.2014 - 08.2016
- Calculated monthly/quarterly IBNR as part of periodical reserve review and reporting purposes.
- Performed claims analysis, data review, and reconciliation regularly.
- Interacted with claims/underwriting/pricing to keep track of any process changes and market development.
- Worked on regulatory/group reporting templates to fulfil local regulatory reporting and group compliance requirements.
- Recommended and led implementation of reserve review process refinements to make the process and results more robust.
Actuarial/Reserving Analyst
CRISIL LTD
Mumbai, MH
06.2012 - 11.2014
- As part of Credit analysis of Insurance companies, the client is required to conduct reserve adequacy tests. Responsible for performing reserve reviews at the portfolio level for the various UK and EMEA based non-life companies.
- Reviewed and prepared credit analysis report for Insurance-linked securities ILS (primarily catastrophe bonds) for the issue ratings Responsible for annual surveillance of the ILS deals.
Actuarial Intern
07.2010 - 06.2012
- Worked on projects from multiple domains described as belo.
- Build and updated the excel based reserve calculation models (P&C) Assisted in constructing loss development patterns and reserve confidence intervals using Lloyd's benchmark data for varied lines of business based on stochastic reserving technique (P&C).
- Worked on various upgrading life models in MG-Alfa (Life Insurance.
- Valuation of Pension plans.
WILLIS RE
Mumbai, India
11.2009 - 07.2010
- Structured client's property exposure data and performed data audits.
- Executed runs on exposure data in RMS modules to generate potential losses based on the property data input using RMS catastrophe model.
- Analysed losses to identify any data inconsistencies and establish causes for unusual losses Prepared audit reports based on losses generated.
Education
CERTIFIED ANALYST PROGRAMME (CCAP) - Finance
National Institute of Industrial Engineering
Mumbai 07.2010 - 04.2012
Bachelor of Science - STATISTICS
Bhavans College
Mumbai 01.2005 - 01.2008
Skills
Good knowledge of core functions of general insurance company
Knowledge of insurance products and financial reporting bases (
Good communication skills to discuss results and provide justification in simple languagePlanning and Coordination
Training and Development
Knowledge of actuarial software (ResQ, SAS)
Accomplishments
- Received excellent/superior rating within a year of joining RSA with consistent appreciation from the Chief Actuary.
- Structured and led reserving process within a Credit Rating (S&P) company to support credit analysis of insurance companies.
Software
SAS
RMS
SQL
R
Timeline
Senior Specialist
Marsh McLennan Global Services
02.2021 - Current
Senior Manager
MAGMA HDI GENERAL INSURANCE
06.2018 - 02.2021
Deputy Manager
BHARTI AXA GENERAL INSURANCE
05.2017 - 06.2018
Actuarial Analyst
ROYAL & SUN ALLIANCE INSURANCE MIDDLE EAST LTD
11.2014 - 08.2016
Actuarial/Reserving Analyst
CRISIL LTD
06.2012 - 11.2014
CERTIFIED ANALYST PROGRAMME (CCAP) - Finance
National Institute of Industrial Engineering
07.2010 - 04.2012
Actuarial Intern
07.2010 - 06.2012
WILLIS RE
11.2009 - 07.2010
Bachelor of Science - STATISTICS
Bhavans College
01.2005 - 01.2008