Health Actuary

2 weeks ago

Singapur, Singapore Munich Re Full time

Munich Re is the world’s largest reinsurer and a leading provider of reinsurance solutions in Asia. The Regional Centre in Singapore has grown and expanded substantially over the past years with more than 300 employees currently. Southeast Asia is one of the most exciting regions in the world and offers great opportunities for Munich Re.

Health Team

As part of our expansion for the Southeast Asia team, we are seeking an experienced Pricing Actuary with a focus in health insurance products to work in the Health Team. The Health Team is currently formed of 6 individuals, which includes a Head, two qualified actuaries, two actuarial analysts and a data manager.

There is significant opportunity in the Health markets in South East Asia and the team is looking for a senior qualified actuary who can help them leverage these opportunities and grow the Munich Re Health portfolio profitably.

The role

We are looking for an individual who will lead the pricing and re-pricing work for SEA Health, manage this responsibility through both strong individual contribution and effective delegation, and guidance of junior colleagues. In addition they should expect to be challenged by the Head on a technical level and should be able to adapt their approaches, and the team’s existing approaches, to further advance the analysis of our Health treaties.

Management

This individual would be expected to take on the responsibility for a wide range of pricing and re-pricing projects, and to manage this through both strong individual contribution and effective delegation. As such, the individual should be able to manage junior colleagues, through providing clear guidance on projects at each step and imparting their technical knowledge;

Actuarial Analyses

Pricing of health insurance products for our clients, based on deep statistical analyses of large volumes of experience data and medical, and other, research, in order to build appropriate pricing health assumptions; Pricing of health re-insurance risk such as non-proportional arrangement; Perform portfolio monitoring on a treaty level, based on loss ratios, to ascertain current experience and recent trends. Use of such analyses to identify segments of policyholders with poor experience and idea generation on appropriate remedial actions; Develop enhanced and automated actuarial tools to enable scalable portfolio monitoring and more effective pricing, including GLMs; Correspond with internal accountants, or clients, on data issues; Generate IBNR factors for internal and external requirements.

Product Development

Designing of new health insurance products/benefits with consideration of marketability vis-a-vis risk management; Work closely with medical underwriters and other experts to ascertain the risk management of product features / new health risks, marketing approach and underwriting questions; Participate in research and development work on medical trends in various SEA markets;

Client Liaising

Share portfolio monitoring presentation analyses/slides, including mitigation actions where required, with both client managers and clients directly; Generate new product ideas and present them internally and to clients; Involvement in other client facing responsibilities and managing clients’ requests; Provide client managers support in handling product, and other, queries from clients;

Required profile

Qualified Actuary (FIA, FSA or FIAA) with at least 5 years’ experience post qualification; At least 10 years of experience in Pricing, including building all components of best estimate assumptions and carrying out ‘deep dive’ experience analyses, preferably in both Health and Life; Experience in one or more of the Thailand, Indonesia, Malaysian or Vietnamese Health markets, including in products, regulation and commercial practices; Ability to work independently, as well as managing some team members. Ability to take the lead on projects and provide effective training and coaching to more junior team members; Experience of incorporating policyholder behaviour arising from product design, medical opinion and external judgement into Pricing assumptions / basis setting; Excellent command of English - both written and verbal. Good communication skills with the ability to negotiate, present and share ideas with colleagues and clients; Good understanding of reinsurance knowledge; Ability to work with large volumes of data in SQL, or an equivalent tool, as well as strong skills in Microsoft Excel and Access; Strong statistical analysis abilities, including in Generalised Linear Models or machine learning techniques, combined with sound judgement and commercial awareness.

  • Senior Actuarial Associate, Group Health

    2 weeks ago

    Singapur, Singapore The Cigna Group Full time

    Job Purpose:                  The position will be responsible for the following duties:Responsible for reviewing and developing key assumptions supporting the actuarial pricing methodology for Global and Local Employee Health Business Lines with oversight from the Regional Actuarial Pricing ManagerConduct pricing reviews of key pricing...

  • Valuation Actuary, APAC Life

    4 weeks ago

    Singapur, Singapore SCOR Full time

    In this exciting and fast-paced role you will be working across APAC (including China, North Asia, South Asia & ANZ) supporting the Head of L&H Actuarial, APAC in the management of all L&H group reserving activities with a key focus on IFRS17, Solvency II and any other projects. You will have a high degree of responsibility and autonomy whilst undertaking...

  • Actuarial Analyst

    6 days ago

    Singapur, Singapore Encora Inc. Full time

    Important Information Location: Singapore Experience: 4 years Job Mode: Full-time   Job Summary The Actuarial analyst will be responsible for the Conversion of existing Python scripts (in AWS) specific to Life and Health Actuarial teams to Google Big Query SQL  Responsibilities and Duties  Work closely with finance and actuarial team enterprise...

  • Head of Actuarial

    4 weeks ago

    Singapur, Singapore Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Postdoctoral Fellow

    1 month ago

    Singapur, Singapore Nanyang Technological University Full time

    The Insurance Risk and Finance Research Centre (IRFRC) at the Nanyang Business School (NBS), Nanyang Technological University (NTU) is looking for a Postdoctoral Fellow (PDF) to lead the research projects related to mortality and health risks in collaboration with the Global-Asia Insurance Partnership (GAIP) and NBS faculty. Key Responsibilities:The PDF will...

  • Research Fellow

    2 weeks ago

    Singapur, Singapore Nanyang Technological University Full time

    A Research Fellow position is currently available in the Insurance Risk and Finance Research Centre (IRFRC) at College of Business, Nanyang Business School.Key Responsibilities:The Research Fellow will be working and interacting with researchers at IRFRC and Global-Asia Insurance Partnership (GAIP), with emphasis on:Develop models and forecasts for mortality...

  • Valuation Actuary, South Asia

    4 weeks ago

    Singapur, Singapore SCOR Full time

    This exciting role places you in SCOR’s South Asia L&H valuation team. The team performs valuation activities for the South Asia macro-market, covering 3 offices writing business in c.20 countries. As a member of the team, you will support key valuation tasks and work alongside other teammates attached to the same project(s).You will support the team in a...

  • Senior Manager, Protection and Health Products, Asia Pacific

    4 weeks ago

    Singapur, Singapore Allianz SE Full time

    What you do You will: Guide the region in Health and protection product development Actively search for ways to continuously improve our Health and Protection product offering for our customers - anticipate change so that we remain state of the art in our markets, but also close potential gaps that we might have Ensure that the Health and...

  • Regional Actuary, Structured Solutions

    4 weeks ago

    Singapur, Singapore Munich Re Full time

    This is a new additional position in Munich Re (“MR”) LH2 Regional Structured Solutions team, and provides an exciting and challenging role with a focus on Structured Solutions deals. Being within the regional unit will also expose you to major insurance markets in the Asia Pacific, Middle East & Africa regions with opportunities to deep dive in...

  • Senior Life Pricing Actuary

    4 weeks ago

    Singapur, Singapore Munich Re Full time

    Your Job Lead the delivery of pricing initiatives for Individual Life product for HNW, Singapore and Malaysia, ensuring compliance with internal standards, proper risk assessment and best practice Manage resource prioritisations, delivery timeline and stakeholder Collaborate with client managers, underwriters and client to develop new life insurance...

  • Senior/Actuarial Analyst, Structured Solutions

    4 weeks ago

    Singapur, Singapore Munich Re Full time

    Reporting to the Head of Structured Solutions LH2, this is a new additional position in Munich Re (“MR”) LH2 Regional Structured Solutions team that provides an exciting and challenging role with a focus on Structured Solutions deals. Being within the regional unit will also expose you to major insurance markets in the Asia Pacific, Middle East & Africa...

  • Valuation Manager

    2 weeks ago

    Singapur, Singapore The Cigna Group Full time

    Critical Tasks and Expected Contributions/Results:To support on APAC valuation tasks such as:Value insurance technical liabilities under US GAAP, BE GAAP, STAT & IFRS 17Develop actuarial methodologies and assumptions considering relevant financial, claims, underwriting data.Ensure reserving processes and standards are consistent with actuarial policies and...

  • Deputy Chief Representative, Indonesia

    5 days ago

    Singapur, Singapore Munich Re Full time

    Indonesia representative office is newly established, signifying Indonesia as an important market and also our commitment to our clients and partners. You will be based in Jakarta, Indonesia, responsible for establishing, implementing, and maintaining a business development process to identify, nurture, and maximize opportunities for reinsurance business...

  • Client Partner ANZ market

    4 weeks ago

    Singapur, Singapore PartnerRe Full time

    Job DescriptionThis position is based in PartnerRe’s Singapore or in Hong Kong's office. Travel to Australia and New Zealand for client meetings, industry events etc. will be required.As the Client Partner ANZ, you will be reporting to the Head of ANZ Life & Health, APAC. You will support the Head of ANZ with management of the in force portfolio and...

  • Underwriting Manager

    1 month ago

    Singapur, Singapore Now Health International Full time

    OVERALL PURPOSE OF JOB Participate in the product design and pricing policy of the company, as well as development of the underwriting philosophy. Develop and manage relationships with local insurers, maintain and update quote engines and ensure underwriting targets are met across your area. KEY DUTIES & RESPONSIBILITIES Underwriting In conjunction...

  • Senior Manager, Performance Management

    1 month ago

    Singapur, Singapore Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Head of APAC Risk Management

    1 month ago

    Singapur, Singapore SCOR Full time

    The Risk Coverage department is part of the CRO area. The Risk Coverage team is in charge of the development and effective operation of risk management mechanisms relating to SCOR’s risks and operations. This includes the following main activities: Definition and development of SCOR’s Risk Management frameworks (eg Risk Appetite, Monitoring of risk...

  • Senior Manager, Underwriting

    4 weeks ago

    Singapur, Singapore Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Assistant Underwriter, Energy APAC

    4 weeks ago

    Singapur, Singapore Canopius Full time

    The Role: This position will involve providing essential support to our Energy & Short Tail teams. In this role, the successful candidate will have the opportunity to collaborate closely with various key functions including Underwriting Support Services, Credit Control, Finance, Claims, Actuarial, and Risk & Compliance, ensuring seamless coordination...

  • VP Financial Planning

    4 days ago

    Singapur, Singapore HSBC Full time

    Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. HSBC Life in...