Key Responsibilities:
- Gather and assess underwriting information in order to identify the risk of insuring the client, work with sales team to identify and propose the risk factors, benefits, term and conditions and pricing of individual underwriting case, based on group risk appetite and market conditions
Evaluate technical pricing based on client’s risk profile using pricing models
Specify terms & conditions, policy wordings, underwriting rule for underwriting cases
Ensure the premiums are competitive while remaining adequate
Conduct technical pricing practice, utilizing a range of modelling, data mining and optimization techniques for allocated products, including but not limited to RSA, travel, health, EW
Build monitoring processes to monitor performance at account level
Conducting review on the pricing assumptions used and actual experience.
- Work closely with Product Marketing function to develop new products and enhance current products
Perform ad hoc analysis such as intervention rates and provider costs savings etc
Draft and manage reinsurance contracts when requested
Data mining – analyses the sales/claims/expense data to improve business outcomes.
Supporting data team for automated report
Supporting on budgeting and forecasting
Performing client profitability review for allocated LoB
Compile insurance policy time to time to insure front lines well understand updated and accurate underwriting policy
- Optimize current underwriting rule
Required Experience:
At least 2 years’ experience as an underwriter or actuarial analyst in a P&C insurance company. Actuarial experience in P&C insurance company is a plus. Overseas insurance background is a plus.
Understanding of business processes and data, systems and analytical methods
Experience using Microsoft Office, especially MS Excel (advanced level is a strong plus). SQL coding skill is a plus
Great communication and organizing skills, multitasking, focus on team work, and is able towork with different teams
- Good in both English and Mandarin language
Bachelor degree of good standing. Majors, minors, concentrations, or special coursework in business, finance, insurance, statistics, economics, operations research, programming, or other technical/analytical fields are preferred.
Qualified or nearly Qualified Actuary is a plus.