Ruchita Ramasetti

Cashflow Testing Implementation

• Conducted UAT on the US Insurance products migrated from RiskAgility Financial Modeler (RAFM) to Prophet.
• Performed Negative testing on all the implemented products on Prophet Studio with each new Prophet Professional Workspace development.
• Worked on Requirement Testing for US Insurance products as per the Margins and Sensitivities both on Global and Product Specific requirements.
• Conducted Dynamic Validation that involves validating Actual data against the projected figures for the US Insurance products.

IFRS 17 Implementation

• Worked on Onerousity testing, Data Gap Assessment from Data System & Process perspective with respect to IFRS17 guidelines.
• Performed Gap Analysis for an Indian Non-Life Insurance products.
• Prepared Position Papers as per IFRS17 standards.
• Created BRDs for bridging gaps identified under IFRS17.

Modelling and System Set-up Audit

• Created and cross-validated expected value calculators for a range of policy events (e.g. death, surrender,maturity. freelook cancellation), supporting accurate financial reporting and customer transparency for Linked and Non-Linked Insurance Products.
• Analysis of deviations for correct input.

Product UAT and Pre-launch Audit

• Ensured the accuracy and consistency of policy data and financial calculations by verifying Policy Administration Systems, Website Benefit Illustrations and Policy Kits.
• Strategically developed and executed test scenarios to validate the end-to-end functionality of various product features, improving overall system reliability.

Monthly Reserving

• Preparation of valuation data and assumptions to be used in DCS and Prophet runs.
• Worked on DCS to prepare Model point files for Prophet run for new products.
• Highlighting the errors found in excel model and Prophet model during reconciliation of Insurer's existing software output and excel model output.
• Debugging in Prophet model and Diagram view for analysis the differences and errors.