Evidence of actuarial hiring: IRDAI-registered insurer (Appointed Actuary required) (source). Checked 10 Nov 2026.
About HDFC ERGO
HDFC ERGO General Insurance began in 2002 as a joint venture between HDFC Ltd and ERGO International, part of Germany's Munich Re group. After HDFC Ltd merged into HDFC Bank in 2023, the bank became the parent, holding just over half the shares, with ERGO holding most of the rest. The company absorbed L&T General Insurance in 2017 and Apollo Munich Health Insurance in 2020, which made retail health one of its largest lines. It is not listed.
HDFC ERGO is headquartered in Mumbai, where the actuarial team sits. It is among the largest private general insurers, with a broad book across health, motor, crop, property and commercial lines.
For an actuary, the size and range of the portfolio, a large retail health book and links to Munich Re group methods make HDFC ERGO a good place to build both pricing and reserving experience.
What the actuarial team does
- Retail and group health pricing, including product redesign and renewal premium reviews
- Motor pricing with GLMs
- IBNR reserving across lines and the Appointed Actuary's statutory reports
- IRDAI product filings
- Solvency, capital and risk-based capital preparation
- Reinsurance and catastrophe analysis; reporting to the ERGO group
- Ind AS 117 / IFRS 17 work
How students get in
HDFC ERGO lists jobs on its career pages (hdfcergo.com/career) and job portals. Actuarial analyst roles in Mumbai are advertised periodically, usually for students with a few core papers; the exact papers required are not published. A named actuarial trainee scheme, internship programme or exam-support policy is not published. Students should apply through the careers page and track the Institute of Actuaries of India job board.
Roles this employer has advertised:
Questions students ask
Which papers does HDFC ERGO ask for?
Not published; analysts usually have two to four core papers.
Where is the actuarial team?
At the Mumbai head office.
Do they take interns?
No formal actuarial internship is published; apply through the careers page.
