Head of Health and EB Pricing

  • 35699
  • Life - Other
  • |
  • Hong Kong
  • |
  • Aug 27, 2019
  • Product Pricing and Technical Support & Governance:
  • Technical review and inputs to medical cost assumptions and pricing models, group underwriting methods, health risks management of new and refreshed products.
  • Provide Chief Actuary and other key decision-makers with relevant risk assessment to support decisions on technical pricing or group underwriting quotations.
  • Establish best practice and tools for product pricing and performance monitoring.
  • Review reinsurance arrangement to achieve optimal strategic alignment, product proposition and profitability.
  • Ensure adequate transparency of business performance through timely reports of technical and business decisions, and regular experience reviews.
  • Strive for health product innovations and feasibility study to enhance customer value propositions and business growth opportunities across distribution channels.
  • Maintain and further develop product knowledge base to facilitate knowledge sharing and idea generation.
  • Lead research and regular updates of public-private healthcare systems to identify opportunities and manage risks.
  • Performance Monitoring / Product Management:
  • Lead technical analysis and develop tools to systematically review and monitor performance.
  • Steer insights from technical analyses to drive business actions to improve Health & Employee Benefits portfolio performance and achieve targets.
  • Recommend solutions to overcome challenges and risks.
  • Co-ordinate and work with other teams to drive recommended solutions.
  • Provide technical guidance to align reporting metrics for Health & Employee Benefits across Life/GI entities.
  • Participate in Strategy Planning and regular Business Reviews to drive Health & Employee Benefits strategy and actions to manage key business risks with internal and external stakeholders.
  • Develop talent through appropriate guidance, training and development initiatives.
  • Proven experience in product pricing in insurance industry, particularly in Health & EB.
  • Fellow Actuary - Good technical foundation, with excellent working knowledge of actuarial techniques, issues and application to product pricing and experience review, and reporting.
  • Strong working knowledge of insurance product development process, including marketing, operation, distribution and systems considerations.
  • Familiar with insurance company business and operations in a multi-national company setting.
  • Strong drive, able to work independently and take lead in designated projects with multiple stakeholders.
  • Excellent influencing, negotiating skills and communication capability, including the ability to interact and partner with other team leaders to achieve objective.