Perform product pricing activities, design and develop pricing models that meet internal and regulatory requirements, and maintain quotation tools and premium calculators.
Collaborate with internal stakeholders (underwriting, business team, reinsurance, product, claims, and finance) to perform portfolio reviews and provide insights to support rectification strategy to improve the portfolios’ profitability.
Collaborate with the IT team on data extraction to support analysis requirements and develop Power BI dashboards for the team.
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Deliver standardised technology across the Business Units, centrally supported, and run where appropriate fully integrated into the core Finance technology stack
Deliver a sustainable and streamlined resourcing model, across central teams and business units, with appropriate locations, skill mixes and career progressions
Implement changes, test and maintain the standardized model
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Support the accuracy of pricing models to ensure that the pricing team can produce the pricing metrics and analyses required by Group Office
Quality assurance for pricing templates, pricing tools and sales illustration calculators
Responsible to produce analysis to recommend compensation to distribution channels, balancing contest design attractiveness and prudence (e.g. avoid abuse risk)
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Regional Knowledge Exchange: Work alongside Senior Actuaries across the region (including Munich Re Singapore) to share best practices, exchange insights, and refine pricing approaches.
Incidence Rate Research: Conduct research to derive incidence rates for core risks, including Mortality, Critical Illness, Disability, and emerging product covers.
Data Analysis & Insights: Perform comprehensive experience studies by gathering internal and client data, conducting analyses, documenting findings, and translating results into actionable insights.
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Participate in product revamp, new benefits enhancement, maintenance of quotation tools and premium calculators.
Assist the Company in driving the A&H business through periodic profitability study, experience analysis and portfolio performance analysis. Actively monitor actual experience of policies against pricing quotations to identify early actions that should be taken to enhance portfolio performance.
Assist in the financial management of the business, including reinsurance program review.
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Leverage data, automation and emerging technologies, including AI-enabled solutions, to improve reporting processes, analytics and operational efficiency.
Maintain actuarial models and reporting systems to support financial reporting and business requirements.
Support implementation and maintenance of new products, model enhancements and system changes, ensuring alignment with business and pricing requirements.
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