About the role
AI summarisedThe Head of Group & Health Pricing leads the pricing function for group and health insurance products, overseeing pricing strategy, risk assessment, and profitability analysis. This role involves managing a team, developing pricing models, and collaborating with underwriting and product teams to ensure competitive and sustainable pricing.
BusinessFull-timeGeneral
Key Responsibilities
- Lead and manage the Group & Health pricing team to deliver accurate and timely pricing for new and existing business.
- Develop and implement pricing strategies and frameworks to achieve profitability and growth targets.
- Conduct actuarial analysis and risk assessment for group life, health, and accident insurance products.
- Collaborate with underwriting, product development, and distribution teams to align pricing with market conditions and business objectives.
- Monitor portfolio performance and adjust pricing models to reflect claims experience and emerging trends.
- Ensure compliance with regulatory requirements and internal governance standards in all pricing activities.
- Provide expert advice and insights to senior management on pricing-related matters and market dynamics.
- Drive continuous improvement in pricing tools, models, and processes to enhance efficiency and accuracy.
Requirements
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Fellow or Associate of a recognized actuarial body (e.g., SOA, CAS, IAA).
- Minimum 10 years of experience in pricing within the insurance industry, with at least 5 years in a leadership role.
- Strong knowledge of group and health insurance products, pricing methodologies, and risk management.
- Proven experience in developing and implementing pricing strategies and models.
- Excellent analytical, quantitative, and problem-solving skills.
- Strong leadership and team management abilities.
- Effective communication and stakeholder management skills.
- Proficiency in actuarial software and advanced Excel; experience with data analysis tools (e.g., SQL, Python) is a plus.