Companies hiring actuaries › General Insurance
Bajaj General Insurance
Evidence of actuarial hiring: IRDAI-registered insurer (Appointed Actuary required) (source). Checked 10 Nov 2026.
About Bajaj General Insurance
Bajaj General Insurance is the new name, from 2025, of Bajaj Allianz General Insurance, which started in 2001 as a joint venture between Bajaj Finserv and Germany's Allianz. Allianz agreed in 2025 to sell its 26% stake to Bajaj group entities, and the company was rebranded once the sale was approved; it is now wholly owned within the Bajaj group, with Bajaj Finserv as the main holder. It is not separately listed, though Bajaj Finserv is.
The head office and the actuarial team are in Pune, with some functions in Mumbai. It is one of the largest private general insurers in India, with a broad book across motor, retail and group health, crop, property and engineering.
For students, the Pune team is large enough to have separate pricing, reserving and capital groups, and the company has historically hired actuarial students in numbers. Its long history means deep claims data for reserving work.
Also known as: Bajaj Allianz General Insurance
What the actuarial team does
- Motor and retail health pricing using GLMs
- Commercial property and engineering rating support
- IBNR reserving across lines and the Appointed Actuary's statutory reserve reports
- IRDAI product filings for retail and commercial products
- Solvency, capital planning and risk-based capital preparation
- Reinsurance and catastrophe exposure analysis; Ind AS 117 preparation
- Typical tools: Excel/VBA, R, Python, SQL and reserving software
How students get in
Openings are posted on the Bajaj General website's careers section and on job portals; actuarial analyst and trainee roles in Pune appear regularly. Students with two to four core papers (often CS1, CS2, CM1, CM2) are typical at entry, though exact requirements vary by posting. A named actuarial trainee scheme is not published, and exam-support terms are shared only at offer stage. Internships occur through campus and direct applications. Apply via the careers page and keep an eye on the Institute of Actuaries of India job board.
Roles this employer has advertised:
Questions students ask
Which papers help at entry?
Not formally published; most analyst hires have CS1, CS2 and CM1 or CM2 passed.
Where does the actuarial team sit?
In Pune, at the head office.
Are internships available?
Occasionally, through campus and direct applications; there is no published internship scheme.
