AVP, Actuary Pricing (Non Life Insurance)

5-7 Years

Save

Early Applicant

Job Description

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: