Product Innovation Actuary

About the Role

The position requires playing a vital role in identifying and building new product development opportunities in the Korean market, which is sustainable and profitable for both clients and the company.

In addition, the position entails offering actuarial support to the Korean Market's Life & Health ("L&H") team, producing accurate and professional actuarial work in line with Swiss Re corporate governance, best practice guidelines, and guiding principles.

Detailed Job Functions

• Create new product ideas, materialize them by leading/supporting XFT work, and pitch the new products to the client.
• Provide product development and pricing support, such as deriving risk rates, conducting reinsurance quotes, and developing terms of trade.
• Research opportunities to expand the sales of current products and develop new lines, plus communication of such through seminars and client presentations.
• Ensure actuarial best practice guidelines are followed and appropriate control cycles used.
• Collation of information necessary for quotations and explanation of quotations (terms, etc.) to clients.
• Establish and maintain a network of Swiss Re actuarial contacts to ensure that global best practice is followed and Swiss Re corporate governance and guiding principles adhered to.

About the Team

As part of the L&H Korea Team, the successful candidate will be both an individual and team contributor. The L&H pricing team of Korea currently consists of 5 professionals.

The team works closely with client managers, underwriting, and claims teams to support business development. 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

• 10+ years of experience in product development.
• Possession of an actuarial qualification (UK FIA/FFA, US FSA, Korea IAK, or equivalent) is preferred.
• Good interpersonal skills and a professional approach consistent with Swiss Re guiding principles.
• Self-starter and ability to work well as part of a small team.

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: 132551