Akshun Geetesh FIA C.Act.

CEO

Bengaluru, Karnataka, India11 yrs 4 mos experience

Most Likely To SwitchHighly Stable

Key Highlights

7+ years in General Insurance domain
Qualified General Insurance Actuary
First position in University of Rajasthan

Stackforce AI infers this person is a Healthcare and Insurance professional with strong actuarial expertise.

Contact

Skills

Core Skills

Product DevelopmentUnderwritingAnalyticsProduct PricingReinsurance ManagementPricingProduct Management

Other Skills

Akur8BloggingCricketData ManagementEconomicsIRDAI ReportingInsurance PartnershipsManagementMarket AnalysisMathematicsMicrosoft ExcelMotivatorNetworkingP&L ManagementPositive Thinking

About

Akshun has worked with multiple Startups since the beginning of his career. He is currently working as an Associate Director with Onsurity Technologies which is a healthcare & wellness based Startup in Bangalore and is a part of the founding member team. Akshun is currently responsible for Product Development, Pricing & Underwriting, Data Management & Analytics and New Business Initiatives at Onsurity. Akshun has 7+ years of experience in General Insurance domain where he has worked in multiple domains such as Actuarial (Pricing, Reserving & Regulatory Filings), Underwriting, Reinsurance and Product Management. Akshun is a qualified General Insurance Actuary with SP7, SP8 and SA3 cleared. Akshun is not shy of calling him as an 'All-rounder' because apart from Academics, he has keen inclination towards non-academic areas as well. Akshun is highly dedicated towards the things he does and keep himself positive and motivated for it! Akshun secured first position in University of Rajasthan in BA (2017) with Statistics, Mathematics and Economics as subjects and also represented CBSE in National School Softball Championship. He banks on his interpersonal skills and also he is quite expressive, audacious and enjoys trying out new things. Love for Mathematics and Cricket is quite genuine. You can reach out to him at: akshungeetesh21@gmail.com

Experience

Onsurity

2 roles

Associate Director - Actuarial, Risk Underwriting and Analytics

Promoted

Apr 2022 – Present · 4 yrs · Bengaluru, Karnataka, India

As a key leader at Onsurity Technologies, I drive the development and execution of innovative insurance products, with a focus on health and accidental insurance, as well as SME liability products. I ensure alignment with market trends and customer needs, while overseeing critical functions across the business, including:
Product Development & Pricing: Leading the design, development, and pricing of insurance solutions tailored to diverse market segments, ensuring competitive positioning and profitability. Closely working with product management and tech team to build products in the system.
Underwriting: Managing the underwriting team and processes to ensure accurate risk assessment for group health underwriting while driving operational efficiency with core focus on automations.
Operations: Overseeing the operational systems for customer enrollment, data formats and storage, ensuring smooth and streamlined processes.
Insurance Partnerships: Building and managing strategic partnerships with insurers, ensuring alignment of business goals and delivering significant value to customers and stakeholders.
P&L Management: Taking full accountability for the financial performance of the product portfolio, driving revenue growth while managing costs to maintain profitability.
Product Compliance: Ensuring all insurance products meet regulatory requirements and industry standards, maintaining compliance with relevant guidelines and best practices throughout the product lifecycle.
Analytics: Leading data-driven decision-making through the use of advanced analytics tools such as Akur8 for GLM-based pricing and Power BI for transforming raw data into insightful visual reports that suggets portfolio level strategies and improvement in pricing models.
Collaborating closely with cross-functional teams, I ensure that our offerings are market-leading, operationally efficient, and aligned with Onsurity's mission to transform the health insurance and SME landscape.

Product DevelopmentPricingUnderwritingData ManagementAnalyticsP&L Management+2

Senior Manager - Product & Analytics

Feb 2020 – Mar 2022 · 2 yrs 1 mo · Bengaluru, Karnataka, India

Onsurity Technologies is a healthcare & wellness based Startup in Bangalore.
Akshun is part of the founding member team at Onsurity and is responsible for:
Product Development, Strategy & Compliance
Pricing & Underwriting
Data Management & Analytics
New Business Initiatives
Training In-bound Growth team for Product Success
Internal Operations & Management

Product DevelopmentPricingUnderwritingData ManagementAnalytics

Lux actuaries

3 roles

Actuarial Consultant

Promoted

Nov 2018 – Feb 2020 · 1 yr 3 mos

Responsible for Consulting one of the digital Insurer in India. Brief Summary of the work I have undertaken is provided as below:
Product Pricing:
Motor Own Damage along with Add-ons
Group Health including Critical Illness, Personal Accident and Travel (both Domestic & International)
Service Contract Liability
Product Filing:
Complete preparation of the Technical Note as required by IRDAI for understanding the Pricing and Business plan of the product
Reviewer of all important documents required by IRDAI for Product filing
Responsible for getting product approval
Reinsurance Management:
Responsible for training the critical persons about Reinsurance treaties and their financial impact in accounting
Preparation of Reinsurance Bordeaux having relevant details like Reinsurance Premium, Commission and Profitability figures
Preparation of Reinsurance Program for the Board and IRDAI
Regulatory Filings:
Assisted in Preparation of critical Annual filings such as FCR and its Annexures, ALM and IBNR Forms
Complete Preparation of all Reinsurance Forms
Product Performance Reports
Other regular filings such as NL Forms, BAP forms, etc.
Underwriting:
Complete management and pricing of Non-Motor Underwriting in products such as Group PA, Group Travel, Credit linked coverages, Mobile Insurance and Extended Warranty
Predicting Underwriting Loss Ratios for each month in all Lines of Business
Reserving:
Review of the methodology used and Preparation of triangles on both Accident Year and Underwriting Year basis
Expected versus Actual Analysis
Analytics:
Partner and Product wise analysis of each product on regular basis for profitability review using Spreadsheet tools and Alteryx
Reconciliation of Financial figures with Actuarial figures
Other Responsibilities:
Policy Issue Management & maintaining compliance documents for Audit
UAT Testing and Product development in the system
Pricing Automation in the system

Product PricingProduct FilingReinsurance ManagementRegulatory FilingsUnderwritingAnalytics

Actuarial Analyst

Feb 2018 – Oct 2018 · 8 mos

Non-Life:-
Pricing:
Motor Line products
Group Health products
Commercial Line products
Product Management:
Preparing of all the Documents including Technical Note as per F&U and U&F guidelines of IRDAI
Complete Knowledge of IRDAI's BAP portal
Responsible for dealing with Product Queries of IRDAI
Responsible for testing the rating figures used in system for pricing
IRDAI Reporting:
Preparing the Product Performance Report, IRDAI Bap forms, NL Disclosures, etc in compliance with
IRDAI requirements
Reconciling Actuarial figures with the Financial figures
Underwriting:
Preparing the quotes for the Commercial Clients.
Responsible to create models that could be used for quotation.
Benchmarking the Market Data to be used for pricing
Benchmarking the coverages to be included in Group Health Products
Reinsurance:
Management of Reinsurance treaties
Reserving:
Peer Review of Reserves of Leading Non-Life Insurers in India in accordance with APS 33 of IAI
Preparing the Report in accordance with APS 33 and other relevant guidelines
Knowledge of reserving using Chain Ladder Method, BF Method, Frequency-Severity Method & ULR
Knowledge of evaluating URR, UPR and PDR
Employee Benefits:-
Basic Knowledge of Accounting Standards (AS 15, IAS 19 and Ind-AS 19) used for reporting Employee Benefits
Intensive Data Cleaning: Checking for missing values, inconsistent values, negative salary growth rate using MS Excel