Pricing Actuary

Swiss Re; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading global provider of reinsurance is looking for a key member of the Life & Health Re Southeast Asia pricing team. This role supports product development and pricing strategies, aiming to enhance client experiences and ensure market-consistent assumptions. The ideal candidate will hold actuarial qualifications with relevant experience, strong analytical skills, and collaborative capabilities to engage in a fast-paced environment.

Qualifications

• Qualified actuary under recognized actuarial body (SOA/CAS/IOA/FOA/FIA).
• 5+ years experience in life insurance or reinsurance pricing.
• Knowledge of SEA market preferred.

Responsibilities

• Support the pricing and modeling of new business quotes.
• Collaborate with cross-functional experts to assess risks.
• Review pricing guidelines and ensure correct application.

Skills

Analytical skills

Technical skills

Effective communication

Education

Bachelor's degree in actuarial science, Mathematics, Statistics, Economics or equivalent

Tools

Excel

R

Python

Job description

The role will be part of the L&H Re Southeast Asia (SEA) pricing team, taking responsibility for product development and pricing of new Life & Health business to help the region achieve its ambitious growth plans. We aim to do this through better client experience, cutting-edge, better-informed pricing, and supporting the development of innovative products for clients in the region.

We are a team of 10+ members, currently based in Singapore, Malaysia and India. The role is non-supervisory, with the individual supporting the development of new products and the pricing of the business written across SEA in accordance with our technical guidelines.

Major Responsibilities

New Business Quotes and Product Development

• Support the pricing and modelling of new business, including quote reviews in South East Asia
• Identify and understand clients' needs and concerns
• Collaborate with cross-functional experts from Client Markets, Underwriting, and Claims to assess risks associated with specific opportunities
• Support product development and innovation by contributing technical insights, research, and project coordination. Provide market insights for experience studies and the assumption-setting process to ensure market-consistent assumptions.

Portfolio Management and Inforce Optimization

• Collaborate with XFT in to identify key risks and mitigate them
• Review and monitor the underwriting performance of existing treaties and take appropriate actions to manage the portfolio
• Leverage data analytics to identify actionable risk insights and performance improvement opportunities across blocks of business

Costing Methodology / Guidelines

• Review pricing guidelines and ensure correct application
• Challenge the status quo and seek to simplify and improve existing practices
• Stay up to date with market, regulatory, and competitive trends

Qualifications & Requirements

• Qualified or close to qualify actuary (under a recognized actuarial body - SOA/CAS/IOA/FOA/FIA) with a bachelor's degree in actuarial science, Mathematics, Statistics, Economics or equivalent
• 5+ years of experience in life insurance or reinsurance pricing, ideally with exposure to Southeast Asian markets.
• Knowledge of the SEA market is highly preferred.
• Working knowledge of IFRS17 reporting is highly desirable.
• Strong technical and analytical skills, with experience in pricing tools and programming (e.g., Excel, R, Python).
• Effective communicator with the ability to explain technical concepts to non-actuarial stakeholders.
• Additional language skills (e.g., Thai, Vietnamese, Mandarin, Bahasa Malaysia/Indonesia) are desirable for engaging clients in respective local markets.
• Experience in medical reimbursement pricing is a plus.
• Willingness to travel within Southeast Asia (~10%).

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

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