Pricing Transformation Actuary, Consumer Lines A&H, APAC

Chubb; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

CHUBB Asia Pacific Pte. Ltd. seeks a Technical Pricing Actuary to modernize and automate its insurance pricing framework.

You will bridge actuarial science with AI, ML, and data science, driving real-time analytics and profitability. You will collaborate across Pricing, Data, IT, and business units to implement dynamic pricing initiatives. The role focuses on pricing framework projects, A&H pilot pricing, and potential expansion across consumer lines, requiring advanced SAS/SQL/Python and RADAR

Qualifications

• Advanced SAS, SQL and Python skills with data science exposure.
• Experience with GLM, ML techniques and pricing models.
• Familiar with RADAR, Emblem and modern pricing platforms.
• Actuarial pricing in consumer lines within a multinational setting.
• Strong leadership and cross-functional collaboration across teams.

Responsibilities

• Lead and support the refresh of benchmark models, DRE, and GLM models using RADAR.
• Develop loss-cost assumptions and rating plans with Benchmark Rater.
• Upload pricing data via Actuarial IQ and monitor rate testing.
• Collaborate with Product Owners, Underwriters, Data Masters, and IT to improve pricing tools.
• Maintain pricing guidelines and global pricing tooling and training.

Skills

SAS

SQL

Python

GLM/Machine Learning modelling

RADAR software

Databricks

Actuarial pricing

Education

Actuarial qualification / Fellowship

Tools

Emblem/RADAR

Actuarial IQ

Job description

Job Description

Purpose

This role is dedicated to modernizing, automating, and elevating the insurance pricing function to enhance profitability and market agility. It serves as a bridge between traditional actuarial science and advanced technologies, including artificial intelligence, machine learning, and data science- facilitating the transition from traditional pricing methodologies to dynamic, real-time analytical solutions.

It is essential to collaborate closely with the COG Actuarial team and provide support for the Pricing Framework Project, with an initial focus on A&H pilot pricing initiatives and the potential objective of expanding these efforts across all consumer lines.

Responsibilities

Serve as a dedicated Technical Pricing Actuary within the newly established Pricing Framework team.

Lead and support the refresh of Benchmark models, DRE, and GLM models, leveraging expertise in RADAR software.

Utilize Benchmark Rater to develop loss cost assumptions and commercial rating plans.

Upload loss cost projections and commercial rating plan data via Actuarial IQ.

Monitor conversion rates, including conducting rate testing and optimization to improve performance.

Track and analyze loss ratios, recommending pricing or product changes as needed.

Provide technical support for the business team in applying price elasticity and conversion modeling to inform and update rating plans, with ongoing rate testing

Provide technical support for the business team in Developing and implementing optimization tools to enhance pricing effectiveness.

Contribute to the development and maintenance of pricing guidelines, global pricing tools, regional pricing training, and audit processes.

Maintain pricing documentation and modeling documentation according to the Chubb standard

Support Connected Core related data/tool upgrades.

Collaborate closely with cross-functional teams, including Product Owners, Data Masters, Underwriters, Data Analysts, Account Managers, Operations, Claims, and IT.

Qualifications

Consumer Lines Product/Business in actuarial, Insurance knowledge and understanding Chubb

Proven record of ability to work effectively in a highly matrixed organization across all levels of an organization.

Possess strong influencing and interpersonal skills, honed in a demanding and high performing work environment.

Track record in a leadership role, experience in bridging technical insights and business needs

Pricing and underwriting A&H/IPL accounts in a multinational environment.

Advanced level of SAS, SQL,EMBLEM/RADAR, Python, Databricks, AI, GLM/Machine Learning modelling

Actuarial reserving & pricing experience

A passion for people and learning, helping people to be better/stronger in their skills.

Resilience and can-do attitude

An energy to get things moving and some wins on the board, for constant improvement

Open and strong communication, excellence in execution, innovative thinking, an inclusive mind-set

Strong business acumen

Job Info

• Job Identification 32544
• Job Schedule Full time
• Regular or Temporary Regular
• Job Category Actuarial Pricing
• Legal Employer Chubb Asia Pacific Pte. Ltd.