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Madison General Insurance Kenya Limited – Actuarial Analyst.

All jobs > Madison General Insurance Kenya Limited – Actuarial Analyst.
Full-time

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Madison General Insurance Kenya Limited, a subsidiary of Madison Group and a leading provider of general insurance products throughout Kenya, is recruiting for the above position.

The Role

Duties and Responsibilities

The function will provide strategic guidance on products design and profitability. In addition, the function shall ensure that the company is in compliance with the periodic reporting as required by the Insurance Regulatory Authority.

The role will provide support for both General and Medical Business by;

  • Collect, validate all data required for quarterly valuations.
  • Undertaking quarterly actuarial valuation of the technical liabilities.
  • Analyzing Actuarial Statistics parameters for decision making.
  • Conduct Product Designs, Development, and Pricing.
  • Preparing claims management and Loss ratio reports.
  • Review of product performance on a quarterly basis to determine product profitability.
  • Review of premium rates in consultation with the Consulting Actuary
  • Compiling market share data for General business and Healthcare using the Annual accounts of various companies
  • Support the Finance department in the monthly reporting of premium and claims liabilities
  • To provide any other required actuarial support to the Company.
  • Enhance risk management by supporting the appointed actuary and auditors.

Minimum Requirements

Qualifications and Work Experience

  • BSC Degree in Actuarial Science
  • Progress in Actuarial Professional Exams
  • 2 years’ work experience in a General Insurance Company

Applications should be addressed to the Group Human Resources Manager, Madison Group Limited, Email: hr_recruitment@madison.co.ke so as to be received by Friday 2nd December, 2022.

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