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Singapore, 01, SG


Pricing Actuary 

About Swiss Re

The Swiss Re Group 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. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organised into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.


About the Role


The role will be part of the L&H South East 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 development of innovative products for clients in the region.


Main Responsibilities:


           New Business Quotes and Tenders

  • Lead and support the pricing and modelling of new business; this includes the review on quotes in South East Asia
  • Identify and understand clients' needs and concerns
  • Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity


    Costing Methodology and Guidelines

  • Review pricing guidelines and ensure their correct application
  • Able to challenge status-quo and look to simplify and improve existing practices
  • Keep up to date with market, regulatory and competitive trends
  • Work with Experience Studies team to gain insight into claims and lapse experience
  • Ensure pricing guidelines are kept up-to-date via research and experience studies


    Strategy, Product Development and Brand Presence

  • Contribute to technical, research and project management input for product development initiatives
  • Provide strategic inputs in the running of the Swiss Re business in South East Asia including implications of regulations, market and industry developments


About the Team


We are a team of 7 members - 5 based in Singapore and 2 in India, with support from the Hong Kong hub.  The role is a non-supervisory role with the individual supporting development of new products and the pricing of the business written across SEA in accordance to our technical guidelines.


About You


  • Qualified or close to qualify actuary (under a recognized actuarial body - SOA/CAS/IOA/FOA/FIA) with a Bachelor degree in Actuarial Science, Mathematics, Statistics, Economics or equivalent
  • Insurance or reinsurance working experience (including consulting); pricing experience, particularly across the South East Asian markets is strongly desirable
  • Commercial and technical skills in Life & Health product design and pricing
  • Demonstrate maturity and flexibility at managing both internal and external stakeholders
  • Experience at using and developing pricing tools, is a plus
  • Excellent verbal and written communication skills in English. Additional Asian language skills such as Thai, Vietnamese, Mandarin, Bahasa Malaysia or Bahasa Indonesia are desirable.
  • Travelling within South East Asia will be required about 10% of the time

Reference Code: 83381 


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