Job ref no.: CT3119362-01#4461

Pricing Actuary

Swiss Re

 

About Swiss Re

The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organised into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.

About the Role

The role will be part of the L&H Hong Kong and Taiwan (HK/TW) pricing team supporting development of new products and the pricing of the business written in HK/TW in accordance to our technical guidelines. Major responsibilities are:
 

New Business Quotes and Tenders

  • Lead and support the pricing and modelling of new business; this includes the review on quotes
  • Identify and understand clients' needs and concerns
  • Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity

Costing Methodology and Guidelines

  • Review pricing guidelines and ensure their correct application
  • Able to challenge status-quo and look to simplify and improve existing practices
  • Keep up to date with market, regulatory and competitive trends
  • Work with Experience Studies team to gain insight into claims and lapse experience
  • Ensure pricing guidelines are kept up-to-date via research and experience studies

Strategy, Product Development and Brand Presence

  • Contribute to technical, research and project management input for product development initiatives
  • Provide strategic inputs in the running of the Swiss Re business in HK/TW including implications of regulations, market and industry developments

About the Team

The L&H Hong Kong and Taiwan (HK/TW) pricing team is responsible for product development and pricing of new Life & Health business to help the market achieve its ambitious growth plans. We aim to do this through better client experience; cutting-edge, better-informed pricing; and supporting development of innovative products for HK/TW clients. We are a team of 5 members based in Hong Kong, with support from the Hong Kong pricing hub.

About You

  • Qualified actuary (under a recognized actuarial body - SOA/CAS/IOA/FOA/FIA) with a Bachelor degree in Actuarial Science, Mathematics, Statistics, Economics or equivalent
  • 3-5 years insurance or reinsurance working experience (including consulting); pricing experience, particularly HK market is strongly desirable
  • Commercial and technical skills in Life & Health product design and pricing
  • Demonstrate maturity and flexibility at managing both internal and external stakeholders
  • Experience at using and developing pricing tools, is a plus
  • Excellent verbal and written communication skills in English and Cantonese.
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More job information
Job ref no. CT3119362-01#4461
Salary
  • N/A
Job Function
Industry
Employment Term
  • Full-time
Experience
  • 3 years - 5 years
Career Level
  • Middle management level
Education
  • Degree