Manager, Pricing

Chubb; Malaysia; On-site; MYR 90,000 - 130,000; Full time

Job summary

Chubb Malaysia is seeking a pricing professional to develop and implement pricing strategies for motor insurance products. The role involves pricing analysis, regulatory rate filings, and collaboration with actuarial, portfolio and data analytics teams to monitor KPIs.

Compliance with policies and regulatory requirements is essential. Responsibilities include monitoring competitors, supporting product development with pricing insights, and ensuring accurate execution of pricing strategies across

Qualifications

• Develop and maintain pricing strategies for motor insurance products.
• Analyze loss costs and statistics to support pricing decisions.
• Prepare and submit rate filings to regulators in Malaysia.

Responsibilities

• Monitor competitor pricing and market trends to adjust pricing strategies.
• Collaborate with actuarial, portfolio and data analytics teams on monitoring KPIs.
• Support new product ideas with analytical pricing input.
• Ensure adherence to motor and fire underwriting policies and regulatory guidelines.
• Handle other duties as assigned by management.

Skills

Pricing strategy

Pricing analysis

Rate filing

Competitive analysis

Pricing system implementation

Product development support

Compliance

Job description

Key Objective

To develop and implement pricing strategies to optimise profitability and competitive positioning

Major duties and responsibilities

• Pricing Strategy Development: Develop and maintain pricing strategies for motor insurance products, considering factors such as market trends, competitive analysis, and regulatory requirements
• Pricing Analysis: Conduct detailed analysis of loss cost and statistical model to provide insights and determine appropriate pricing.
• Rate Filing: Prepare and submit rate filings to regulatory authorities, ensuring compliance with legal and regulatory requirements.
• Competitive Analysis: Monitor and analyse competitor pricing and market trends to identify opportunities for growth and make recommendations for adjustments to pricing strategies.
• Pricing System Implementation: Ensure pricing strategies are executed timely and accurately. Performance Monitoring: Work along side with Actuarial, Portfolio and Data Analytic team in portfolio monitoring and tracking of key performance indicators. Identify areas for improvement and take necessary corrective actions.
• Product Development Support: Provide analytical support in developing new product idea and pricing the product.
• Compliance – Accountable for adherence to all motor and fire related policies / frameworks / guidelines / SOPs, and for ensuring accurate, timeliness and completeness of work. Repeated lapses or non adherence to policies and procedures will result in performance and consequence management actions in accordance with Company guidelines.
• Compliance – Ensure adherence to Chubb’s policies and procedures for motor and fire underwriting and processing, which adopted the requirements under Bank Negara Malaysia’s policy document, guidelines and specification letters on ‘Phased Liberalisation of Motor and Fire Tariffs’ and the relevant governance process on pricing, product approval and performance monitoring for motor and fire business.
• Any other duties as assigned