About Us
ACKO is India's first and only fully-digital Insurtech (product) company to have taken insurance by storm. You might have seen our cool ads or are already a customer and we hope you have noticed how we are rewriting the rules of the insurance game constantly and persistently.
Based out of Bangalore, we are solving for the Indian market. But we are a part of a global wave of insurtech startups such as ZhongAn in China , Oscar, Lemonade, Metromile in the US, that are known to succeed owing to their business models and technology.
We are a unicorn backed by a slate of marquee investors like Binny Bansal, Amazon, Ascent capital, Accel, SAIF, Catamaran, General Atlantic and Multiples. In only four years since our inception and operations, our products have reached 75M unique users. We have partnered with some of the biggest names of the digital ecosystem such as Amazon, Ola, RedBus, Oyo, Lendingkart, ZestMoney, GOMMT group etc.
At ACKO, job roles are focused at impact and we're here to transform the way the industry operates. Innovation drives us and our products, and we are poised to disrupt insurance, powered by our pioneering products. We have changed the landscape of this age old sector in a growing economy like India and have miles to go from here.
After having crossed the $1B valuation mark, our eyes set on even bigger milestones. If you think we're just about growth and numbers, employee wellbeing lies at the core of all our programs and policies. We are a regular Great Place to Work winner and consistently feature on Linkedin's list of top startups. Currently 1000 strong, we are hiring across all functions.
The candidate will play a key role in supporting valuation, pricing, and regulatory compliance activities within a dynamic insurance environment. This includes assisting with actuarial model maintenance, conducting market research, and supporting pricing strategies for both retail and group life insurance products. The role also involves contributing to system testing and ensuring timely regulatory reporting. This position offers an opportunity to support senior actuaries, enabling them to focus on strategic initiatives and business growth.
- Assist in Actuarial Valuation: Support the actuarial valuation function by ensuring data accuracy, performing calculations, and contributing to timely reporting. Ensure all outputs meet regulatory compliance standards and internal reporting timelines.
- Maintain Actuarial Models: Help in the development, calibration, and maintenance of actuarial models, including but not limited to those for embedded value calculations, product pricing, IFRS reporting, and Economic Capital Reporting.
- Conduct Market Research: Perform in-depth market analysis and competitor research to identify trends, competitive pricing models, and insights. Assist the pricing team with data-driven recommendations for strategy adjustments.
- Support Retail Pricing Strategies: Work closely with the pricing team to develop, implement, and refine pricing strategies for Life Insurance products. Focus on key drivers such as mortality risk, lapse rates, and operational expenses.
- Provide Group Pricing Quotations: Assist in generating and reviewing group pricing quotations, ensuring they align with market standards and pricing strategies. Ensure all quotations are accurate and competitive.
- Conduct System User Acceptance Testing (UAT): Participate in UAT activities for new functionalities and regularly monitor newly launched product features. Ensure that new system features meet the necessary specifications and perform as expected in day-to-day operations.
