Pricing Actuary

Come join us on a transformative career path as a Pricing Actuary with Swiss Re's dynamic Life & Health team, where your expertise in biometric risk business will shape the future of insurance solutions for Hong Kong and Taiwan!

About the Role

As a pricing actuary in Swiss Re's Life & Health Business for Hong Kong & Taiwan, you will undertake pricing work for biometric risk business, mainly focusing on mortality, critical illness, and medical reimbursement portfolio in Hong Kong and Taiwan. This involves providing timely and technically sound pricing support for existing treaties, product development, and new business tenders.

Key Responsibilities

• Perform experience studies and pricing reviews on existing medical reimbursement treaties
• Conduct treaties review and perform assumption setting for biometric risk business
• Price new mortality, critical illness and medical reimbursement products for product development discussions and new business tenders
• Maintain documentation of all pricing work, and ensure compliance with costing guidelines and standards
• Drive the process for referral of large quotes to costing reviewers regionally or globally
• Liaise with client managers, underwriters and claims colleagues on treaty pricing review and product development matters
• Liaise with external clients on treaty pricing review and product development matters
• Assist the establishment and review of appropriate pricing bases, methodology and tools
• Maintain up-to-date knowledge of local and global actuarial practices and trends
• Monitor local market intelligence, trends and developments (company, product, industry) in the biometric risk business

About the Team

As part of L&H Hong Kong & Taiwan Team, the successful candidate will both an individual and team contributor. The L&H pricing team of Hong Kong & Taiwan currently consists of 6 professionals based in Hong Kong. The team works closely with client managers, underwriting and claims team to support the business development for Hong Kong and Taiwan markets. As part of Swiss Re's Own the Way You Work policy you are empowered to manage your own work patterns. The team engages in a vibrant cross-functional team environment within the broader Swiss Re, offering abundant opportunities to expand your expertise and role .

About You

• At least 5 years of direct or reinsurance experience in pricing and experience studies, ideally within the protection product space and with experience from medical reimbursement business
• Making good progress towards actuarial qualification
• Strong knowledge on biometric risk business in Hong Kong will be an advantage
• Strong critical thinking and analytical skills
• Good communication, negotiation, and teamwork skills
• Familiarity with computer tools such as SAS, with experience and interest in actuarial analytics
• An aptitude for languages would be an advantage

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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Reference Code: 131061

Job ID 131061