Manager, Pricing

Chubb Insurance Hong Kong; Malaysia; On-site; MYR 120,000 - 180,000; Full time

Job summary

Chubb Insurance Hong Kong seeks a pricing professional to develop and implement motor insurance pricing strategies, analysing loss costs and statistical models. You will prepare regulator submissions, monitor market trends, and collaborate with actuarial, portfolio and data analytics teams to optimise profitability and competitive positioning.

Key duties include ensuring pricing governance, compliance with Bank Negara Malaysia policies, and timely execution of pricing actions while supporting

Qualifications

• Proven ability to develop pricing strategies for motor insurance products.
• Strong analytical skills to assess loss costs and statistical models.
• Experience preparing rate filings for regulators and ensuring compliance.
• Ability to monitor competitor pricing and market trends to adjust strategies.
• Knowledge of pricing systems and implementation processes.
• Collaboration with actuarial, portfolio and data analytics teams.
• Understanding and application of regulatory guidelines and policies.

Responsibilities

• Develop and maintain motor insurance pricing strategies considering market trends and regulations.
• Analyze loss cost and statistical models to derive pricing insights.
• Prepare and submit rate filings to regulators with compliance.
• Monitor competitor pricing and market dynamics to identify pricing opportunities.
• Implement pricing changes and coordinate with pricing systems and teams.
• Support product development with analytical pricing inputs.
• Ensure adherence to motor and fire underwriting policies and governance.

Skills

Pricing strategy

Pricing analysis

Rate filings

Competitive analysis

Compliance awareness

Stakeholder collaboration

Data-driven decisions

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