
Insurance Pricing Strategist
4 days ago
Drive business growth by leading pricing strategies for group insurance policies and product development.
Key Responsibilities
- Pricing and Risk Assessment (60%): Determine optimal pricing to minimize risks, maximize profits, and retention. Regularly review portfolio profitability against best estimate assumptions.
- Product Development and Experience Analysis (15%): Develop new products and enhance existing ones in line with industry standards. Refresh pricing assumptions, tools, and conduct regular experience analysis.
- Reinsurance Management and Administration (15%): Ensure timely and accurate submission of reports for reinsurance and pool administration. Assist in reviewing, negotiating, and analyzing reinsurance treaties.
- Other Responsibilities (10%): Perform other duties periodically assigned to meet strategic goals.
Requirements
- Bachelor's degree in Actuarial Studies or Mathematics & Statistics.
- At least 2-7 years of actuarial experience in Group Insurance/Employer Benefits/Health Insurance with a direct insurer or reinsurer.
- Professional actuarial qualification from a recognized international body with good progress towards qualification.
- Proficient in Microsoft Office (Word, Excel, PowerPoint, Access).
- Proficient in SQL and at least one programming language.
- Experience with Business Intelligence tools.
- Meticulous and detail-oriented.
- Strong analytical and problem-solving skills.
- Able to work independently and within a team.
- Able to effectively manage multiple projects and priorities within tight timelines.
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