Pricing Actuary, Health

**Pricing Actuary, Health - Asia Pacific, Middle East & Africa**:Career Level 3

**Location**Singapore, Singapore

The Life and Health Pricing team for Asia Pacific, Middle East & Africa is a team of 6 actuaries (including the Chief Underwriting & Pricing Officer) that manages Life and Health referrals from the various business units for the region. These referrals include product reviews, pricing submissions, terms of trade, requests for and review of experience analysis for pricing purposes, requests for advice on best practices in pricing and product risk management, and review of pricing impacts of data analytics models.

The pricing team is also responsible for pricing governance in the various markets, which involves defining and establishing best practices in pricing and product risk management.

We are looking for a highly motivated actuary with sharp analytical and problem-solving skills, and strong communication skills, with specific experience in health fixed benefits and reimbursement business to join us as Pricing Actuary (Health), reporting into the Head of Health Pricing in the regional office of Munich Re in Singapore.

Your job

The position offers an interesting environment in which there will be plenty of opportunities to gain exposure to a variety of markets, health products and risks, sharpen actuarial skills, learn new things on daily basis, and to interact with well-respected professionals in the organisation.

Key tasks include
- Providing support and advice to the various business units across Asia Pacific, Middle East and Africa on health product risks and pricing for new / renewing treaties
- Supporting business units in the development and regular review of risk appetite for existing and new health products
- Performing research and assisting local units in setting and implementing robust terms of trade as appropriate for health business pricing
- Managing timely and efficient review of quotes for new / renewing health treaties that are referred to the team
- Ensuring proper documentation of pricing review done and decisions made
- Participating in global initiatives within Munich Re on pricing and risk assessment
- Participating at industry and client events organised by Munich Re

**Profile**:

- FIA, FFA, FSA or a Fellow of any other recognised actuarial body
- Minimum 10 years’ experience in health (re)insurance with sound knowledge of health reinsurance structures and health insurance products
- Strong insurance risk assessment, single / multi factor experience analysis and reinsurance pricing skills
- Proficiency in one or more of the major data analytics tools (like SAS, R, Python) is desirable
- Clear communication skills, both written and verbal
- Proficiency in MS Word, Excel, Access and PowerPoint
- Familiarity with at least one Asian market will be an added advantage

About us

Find out **Who we are, What we do, Our Strategy and How we can Support & Reward** you.

Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.