Skip to main content
Rachin Aggarwal headshot

Rachin Aggarwal

MBA
Principal & Senior Consultant
Gurgaon, IN

Rachin Aggarwal is a principal and senior consultant in our New Delhi Health and Property and Casualty Practice. He joined the firm in 2008.

Download bioDownload

Experience

Rachin has over 15 years of experience in health insurance actuarial consulting, product pricing, data analytics, and project management. He has worked extensively on various health product pricing, large data analyses, actuarial cost modeling, mergers & acquisitions, business plan development for new market entrants, underwriting, actuarial process review and setup, and benchmarking assignments, including tool development and training. He has been involved with assignments for companies in India, the United Kingdom, the United States, and the Middle East. Rachin’s experience includes health products - benefit design and pricing (including substandard risk pricing).

  • Actuarial model design, development, and review
  • Data analytics and benchmarking
  • Market entry and business plan development
  • Value-based payment models
  • Milliman Health Cost Guidelines®
Publications

Read their latest work

Article

Navigating health insurance: Key capabilities and strategic decisions for life insurers in India

16 August 2024 - by Joanne Buckle, Rachin Aggarwal, Smriti Agarwalla
As regulations may allow India's life insurers to sell health indemnity insurance products, we review nine capabilities that market entrants will need to develop as they venture into a new sector.
Article

Group health rating and underwriting survey: Current practices in India

20 March 2024 - by Rachin Aggarwal, Heena Arora, Hritik Jain
In India, large aggregate losses in the group health segment call attention to the crucial need for a strategic review of current practices and processes.
Article

The feasibility of using machine learning techniques for health insurance pricing in India

31 December 2023 - by Rachin Aggarwal, Lalima Chakravarty
For India’s health insurance industry, application of machine learning techniques will help optimize marketing strategies, boost income, and reduce costs.
Article

Four levers of controlling health claim costs

07 October 2020 - by Rachin Aggarwal, Joanne Buckle
With the ongoing COVID-19 pandemic, it has become all the more important for insurers to manage their claims and expenses.
Article

Medical inflation and health insurance products in India: Current practices and the way forward

28 July 2020 - by Rachin Aggarwal, Joanne Buckle
This paper discusses the common definitions of medical inflation, factors driving medical inflation in the short and long term and current medical inflation trends in India.
Article

Innovations in healthcare technologies: Opportunities for health insurers

01 June 2020 - by Abhishek Agrawal, Rachin Aggarwal, Jorge Torres, Bridget MacDonnell
What are some innovative healthcare technologies that can be harnessed directly by health insurers in different parts of the world?
Article

A standardised health product for the Indian market

23 September 2019 - by Rachin Aggarwal, Abhishek Agrawal
This article examines how the concept of a standard health product would benefit various stakeholders in India.
Article

Impact of Mental Healthcare Act, 2017, on the Indian healthcare insurance industry

20 August 2019 - by Rachin Aggarwal, Joanne Buckle, Vidhi Gupta, Neha Taneja
This paper looks at the key provisions of the Mental Healthcare Act, 2017, mental illness prevalence, supply-side indicators and the current treatment gap.