Pricing Actuary

About the Role:

As a Pricing Actuary, analyzing the profitability of the business is key. We need to identify key drivers impacting the portfolio performance. We develop proposals in collaboration with business owners to mitigate the gap between what has been costed against actual performance and ensure the profitability of the book.

You will work with counterparts in Underwriting, Reserving, Claims, and Finance to develop an independent Actuarial Pricing opinion on the portfolio's expected performance. We develop insights on trends and set parameters using Actuarial and Data Science techniques to improve the predictability and accuracy of costing models. You will have a direct impact in steering your portfolio and ultimately the overall Business Unit's performance.

About the Team:

The Actuarial Portfolio Management APAC team comprises a mix of expert members entrenched in their dedicated product specialization and highly motivated newer members who thrive in a dynamic and fast-learning environment. This team reports into the Chief Underwriting Officer and is part of the Global Actuarial Portfolio Management unit.

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.

Main Responsibilities:

Profitability Studies

• Have a clear independent view on current pricing or loss adequacy driven by data analysis.
• Collaborate with customers and team members to develop a pricing view and represent compelling recommendations.
• Translate details into impactful Executive reports with effective communication.

Costing Accuracy and Data Analytics

• Translate profitability findings into corrective actions on costing models and parameters.
• Build and maintain costing parameters and tools in accordance with Swiss Re Group standards and business needs.
• Use actuarial and statistical models to find trends and insights for risk selection or differentiation, and costing improvements.

About You:

Professional experience

• A minimum of 4 years of experience in P&C commercial insurance with good knowledge of Property and Casualty products in APAC markets.
• Experience in commercial insurance pricing, portfolio profitability analysis, and costing model development.
• Familiarity with reserving techniques and the ability to operate between reserving and costing views.
• Exposure to market/LOB portfolio ownership, acting as a go-to person for quantitative questions and solutions.

Technical skills

• A good understanding of actuarial methods, models, and related business processes.
• Statistical programming skills (e.g., R, Python) and knowledge of data science techniques is an advantage.
• Review analytical results, derive recommendations, and communicate implications to all partners.
• Able to challenge and defend assumptions, methods, and conclusions.
• Focus on areas or solutions that would have the highest impact.

Personal Leadership Skills

• You are independent and accountable, with the skill to prioritize to achieve high-quality results on time.
• You work for the collective success of the team, take initiative, and demonstrate collaboration.
• You can articulate your work and communicate accordingly to various situations.

Educational level

• Master's degree in Mathematics, Statistics, Economics, or equivalent quantitative/statistical fields.
• Good progression towards actuarial qualifications/Exams.

About Swiss Re:

Swiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer. We anticipate and manage a wide variety of risks, from natural catastrophes to cybercrime. We cover both Property & Casualty and Life & Health.

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.