Chubb Life: Pricing Analyst - Singapore - Combined Insurance

Combined Insurance

Verified Company

Singapore

2 weeks ago

Posted by:

Wei Jie

beBee Recruiter

Description

Please note that this role can be based in either Hong Kong or Singapore

Role Objective

Support Chubb Life Global Pricing Actuary in analyzing and reviewing product development, pricing and business strategy and plan across all Chubb Life markets including Asia-Pacific and Latin America regions (may evolve to be more focused on specific markets).

This role will work with various Local and Global teams to ensure the robustness and appropriateness of the product development, pricing, and product approval, while complying to internal process and governance.

Responsibilities

Product Pricing

Support the Global Pricing Actuary in reviewing product manual submissions. Perform further analysis or risk assessment as and when needed.
Ensure the product pricings are robust and appropriate in accordance to the latest assumptions, guidelines, underwriting process, and pricing frameworks.
Provide pricing support for new distribution deals, new partnership opportunities, or other business development activities.
Identify any gaps and enhance existing product review and approval process and management reporting on products.
Provide support in enhancement of existing pricing methods, assumption development, or profitability measurements (e.g. VNB) as required to keep methodologies relevant in light of changes in regulations, market conditions, capital or accounting standards (e.g. LDTI).
Conduct pricing deep dive into key markets' business to identify risks, challenges and action items.
Develop, maintain, and enhance tools for product pricing review and monitoring.
Track and followup on all product approvals that are pending with the Group Product Team.
Prepare materials and participate in Product Approvals meetings.

Pricing Projects

Support the Global Pricing Actuary with various internal projects.
Collaborate and coordinate with various Local and Global teams, and any external consultants to ensure timely and successful delivery of the projects.
Prepare materials and participate in Project meetings.
Support Chubb Life annual business planning

Product development, business strategy and deal support

Collaborate with GO Product Specialist and local operations to develop business strategy and product pipeline.
Actively participate in local countries annual business planning. Monitor and oversee business plan execution from product/pricing perspectives.
Collaborate with and support local countries in M&A and partnership opportunities from product and pricing perspectives.