Hong Kong, Hong Kong SAR, HK
Associate Actuarial Analyst
Come join Swiss Re's innovative Life & Health Hong Kong and Taiwan team where you will help shape the future of insurance solutions for these dynamic markets!
About the Role
As an associate actuarial analyst 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
- Work with experience studies team to gain insight into claims and lapse experience
- Support treaties review and perform assumption setting for biometric risk business
- Support the pricing and modelling of 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
- Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity
- 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 get to be both an individual and team contributor. The L&H pricing team of Hong Kong & Taiwan currently consists of 6 individuals 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 get to manage your own personal / work life balance. The team gets to consult within a cross-functional team environment in the greater Swiss Re, which provides many opportunities to broaden your job scope beyond the key accountabilities listed.
About You
- University graduate in Actuarial Science
- Experience on pricing in primary insurers/reinsurers are preferred
- Good analytical skills and work well in a team
- Interpersonal, communication and leadership skills
- Knowledge in visual basic or any actuarial software is a plus
- Fluent in English, Cantonese and Mandarin
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.
Reference Code: 131802
Job Segment:
Accounting, Product Development, Actuarial, Underwriter, Claims, Finance, Research, Insurance