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nidhi chhadwaNC
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nidhi chhadwa

@nidhichhadwa

Actuarial reserving professional at Acko General Insurance, leading a team of 4 and automating partner-level IBNR allocation.

India
Message

At Acko General Insurance Company, I lead a team of 4 across reserving, reporting and data analytics. I’ve helped shift the team from manual data preparation to higher-value analysis through automation and process improvements.

I manage reserving across multiple general insurance lines and provide actuarial inputs for IFRS 17/Ind AS 117 financial statements. I also transitioned reserving from Excel to ResQ and automated IBNR allocation down to individual distribution partners.

At Magma HDI General Insurance Company, I estimated reserves, developed sourcing loss ratios using credibility theory and IIB data, and built a motor database in SAS Viya. My work has also included regulatory filings, solvency and asset-liability analysis, and support for pricing and capital framework requirements.

Experience

Work history, roles, and key accomplishments

AC
Current

Deputy General Manager – Reserving Team

Acko General Insurance Company

May 2024 - Present (2 years 5 months)

Leading a team of 4 in reserving, reporting, and data analytics, driving automation and process improvements. Providing actuarial inputs for IFRS 17/Ind AS 117 financial statements and managing statutory regulatory filings to IRDAI.

HC

Senior Manager – Reserving Team

HDFC Ergo General Insurance Company

Oct 2023 - May 2024 (7 months)

Estimated IBNR for Motor Own Damage and Commercial lines, worked on US GAAP implementation, and assisted in responding to IRDAI queries for Valuation Meet.

Education

Degrees, certifications, and relevant coursework

Institute and Faculty of Actuaries logoIA

Institute and Faculty of Actuaries

Fellowship, Actuarial Science

2016 -

Pursuing actuarial qualifications, having completed Core Principles, Core Practices (CP2, CP3), and Specialist Principles (SP7).

HE

H.R. College of Commerce & Economics

Bachelor of Commerce, Financial Management

2015 - 2018

Bachelor of Commerce with a focus on Financial Management.

Tech stack

Software and tools used professionally

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