DHARMESH SHARMA
Mumbai
Summary
Experienced non-life actuarial professional with a decade-long career in the insurance industry. Demonstrated expertise in reserving, regulatory reporting, and risk assessment within non-life insurance sector. Proven track record in leading teams, managing projects, and ensuring adherence to actuarial standards and regulatory requirements. Committed to driving growth and achieving business goals through innovative solutions and effective risk management strategies.
Overview
15
15
years of professional experience
Work History
Manager - Advisory
PwC India
Mumbai
06.2023 - Current
- Led implementation projects, interpreting technical standards for practical applications aligned with organizational needs. Formulated strategies for data management, actuarial modeling, and financial reporting under IFRS 17.
- Conducted detailed financial analysis and reporting under IFRS 17, providing insights and recommendations to senior management
- Delivered comprehensive training sessions to ensure internal teams and stakeholders were knowledgeable about IFRS 17 principles, promoting organizational compliance.
- Evaluated financial risks of insurance portfolios through leading due diligence projects for mergers, acquisitions, and regulatory filings.
- Performed independent reviews on non-life insurance reserves to ensure adherence to statutory and actuarial regulations.
- Steered project teams in the coordination of planning, executing, and monitoring project activities to consistently meet milestones within prescribed budgets and timelines.
AVP
Marsh McLennan Global Services
MUMBAI
02.2021 - 06.2023
- Provided expert advice to clients regarding the effectiveness and competitiveness of insurance offerings for commercial products.
- Developed and executed analytical models to evaluate the financial implications of diverse insurance programs, producing comprehensive reports and delivering insightful presentations.
- Led team members in scoping and delivering projects, earning positive feedback from stakeholders.
- Trained team members on actuarial concepts.
Senior Manager
MAGMA HDI GENERAL INSURANCE
Mumbai
06.2018 - 02.2021
- Led actuarial team in the management of monthly, quarterly, and annual reserving and reporting responsibilities.
- Evaluated ALM position, Solvency, and Capital requirements based on regulatory guidelines while liaising with internal stakeholders to ensure compliance.
- Spearheaded the development and modification of actuarial models, streamlining the process with comprehensive control documentation.
- Conveyed complex technical information regarding IBNR reserves, solvency, and ALM to company executives in a concise manner.
Deputy Manager
BHARTI AXA GENERAL INSURANCE
Mumbai
05.2017 - 06.2018
- Ensured compliance by preparing and submitting regulatory reports and forms in accordance with regulations. Managed periodical reserving for all lines of business, producing accurate reports.
- Enhance portfolio communication and streamline processes for improved analytics.
Actuarial Analyst
ROYAL & SUN ALLIANCE INSURANCE MIDDLE EAST LTD
Dubai
11.2014 - 08.2016
- Calculated monthly/quarterly IBNR for periodic reserve review and reporting.
- Engaged with claims, underwriting, and pricing teams to stay updated on process changes and market developments.
- Developed and maintained regulatory/group reporting templates to ensure adherence to both local regulations and group compliance standards.
- Implemented reserve review process refinements to improve robustness and efficacy of results.
Actuarial/Reserving Analyst
CRISIL LTD
Mumbai
06.2010 - 11.2014
- Performed reserve adequacy analysis as part of credit rating procedure for various UK and EMEA based non-life companies.
- Reviewed and prepared credit analysis report for Insurance-linked securities ILS (primarily catastrophe bonds) for issue ratings Responsible for annual surveillance of ILS deals.
- 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).
Catastrophe Modeling Analyst
WILLIS RE
Mumbai
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.
- Analyzed 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, India04-2012
Bachelor of Science - Statistics
University of Mumbai
Mumbai, India04-2008
Part Qualified Actuary - Actuarial Science
Casualty Actuarial Society (CAS)
USSkills
- IFRS 17
- Statutory Reporting for non-life companies
- Valuation of liabilities/reserving, Solvency, ALM
- Commercial product pricing
- Internal Audit and Business planning
- Project Management
- Stakeholder Mangement
- Training and Development
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.
Languages
English
First Language
Hindi
Beginner
A1
Marathi
Beginner
A1
Timeline
Manager - Advisory
PwC India
06.2023 - Current
AVP
Marsh McLennan Global Services
02.2021 - 06.2023
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
06.2010 - 11.2014
Catastrophe Modeling Analyst
WILLIS RE
11.2009 - 07.2010
CERTIFIED ANALYST PROGRAMME (CCAP) - Finance
National Institute of Industrial Engineering
Bachelor of Science - Statistics
University of Mumbai
Part Qualified Actuary - Actuarial Science
Casualty Actuarial Society (CAS)
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