AVP, Actuary Pricing (Non Life Insurance)

Job Expectations

• Deliver accurate pricing models that align with business growth, risk acceptance, and market trends.
• Support new business feasibility studies and regulatory pricing submissions with well-justified actuarial assumptions. •

Proactively monitor portfolio performance, identify deviations, and recommend corrective actions.

Key Responsibilities

• Develop and maintain pricing models for motor and non-motor products, ensuring sustainable yet competitive pricing.
• Conduct feasibility studies for new partnerships, negotiate key assumptions, and align underwriting conditions.
• Work with Product Development, Relationship Management, and Underwriting to justify assumptions using both internal and external data.
• Monitor portfolio performance, analyze deviations, and recommend corrective actions such as repricing or repackaging.
• Summarize competitor rankings, track market pricing trends, and build a competitor pricing database.
• Prepare pricing submissions for regulatory approval, ensuring accuracy and sound actuarial justifications.
• Support advanced pricing initiatives, including GLM modelling, automation, and pricing dashboards.

Qualification

• Minimum 5 years of pricing experience in the insurance industry.
• ASA/ACAS or equivalent actuarial qualification is a plus.
• In-depth knowledge of market trends and regulatory frameworks.
• Strong data analysis and modelling skills.
• Excellent collaboration and communication skills.