Pricing Analysis & Modelling :
- Develop and maintain sophisticated pricing models for new and existing health insurance products, including retail, group, and innovative offerings.
- Conduct in-depth analysis of claims data, underwriting experience, and market trends to inform pricing assumptions and strategies.
- Perform experience analysis and recommend appropriate adjustments to pricing parameters.
- Utilize actuarial software and statistical tools for data analysis and modelling (e.g, SAS, Databricks R, Python, SQL, Excel/VBA).
Product Development Support:
- Collaborate closely with the product development, underwriting, and sales teams to provide actuarial insights and support the design of new and revised products.
- Assess the financial viability and risk profile of new product propositions.
- Assist in the preparation of regulatory filings related to product pricing.
Performance Monitoring & Reporting:
- Monitor the profitability and performance of various products and segments, identifying areas for improvement or intervention.
- Prepare and present regular reports on pricing adequacy, claims experience, and market competitiveness to senior management.
- Analyze the impact of pricing decisions on business objectives.
Market Research & Competitor Analysis:
- Stay updated with industry trends, regulatory changes, and competitor pricing strategies.
- Conduct competitor analysis to ensure Company's products remain competitive and financially sound.
Process Improvement & Innovation:
- Contribute to the continuous improvement of pricing processes, tools, and methodologies.
- Explore and implement innovative actuarial techniques to enhance pricing accuracy and efficiency.
Mentorship & Collaboration:
- Provide guidance and support to junior analysts within the team.
- Handle a team of analyst and senior analyst
- Collaborate effectively with other departments, including underwriting, claims, finance, and IT.
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