Pricing Transformation Actuary, Consumer Lines A&H, APAC

Purpose

This role is dedicated to modernizing automating and elevating the insurance pricing function to enhance profitability and market agility. It serves as a bridge between traditional actuarial science and advanced technologies including artificial intelligence machine learning and data sciencefacilitating the transition from traditional pricing methodologies to dynamic real-time analytical solutions.

It is essential to collaborate closely with the COG Actuarial team and provide support for the Pricing Framework Project with an initial focus on A&H pilot pricing initiatives and the potential objective of expanding these efforts across all consumer lines.

Responsibilities

• Serve as a dedicated Technical Pricing Actuary within the newly established Pricing Framework team.

• Lead and support the refresh of Benchmark models DRE and GLM models leveraging expertise in RADAR software.

• Utilize Benchmark Rater to develop loss cost assumptions and commercial rating plans.

• Upload loss cost projections and commercial rating plan data via Actuarial IQ.

• Monitor conversion rates including conducting rate testing and optimization to improve performance.

• Track and analyze loss ratios recommending pricing or product changes as needed.

• Provide technical support for the business team in applying price elasticity and conversion modeling to inform and update rating plans with ongoing rate testing

• Provide technical support for the business team in Developing and implementing optimization tools to enhance pricing effectiveness.

• Contribute to the development and maintenance of pricing guidelines global pricing tools regional pricing training and audit processes.

• Maintain pricing documentation and modeling documentation according to the Chubb standard

• Support Connected Core related data/tool upgrades.

• Collaborate closely with cross-functional teams including Product Owners Data Masters Underwriters Data Analysts Account Managers Operations Claims and IT.

• Consumer Lines Product/Business in actuarial Insurance knowledge and understanding Chubb

• Proven record of ability to work effectively in a highly matrixed organization across all levels of an organization.

• Possess strong influencing and interpersonal skills honed in a demanding and high performing work environment.

• Track record in a leadership role experience in bridging technical insights and business needs

• Pricing and underwriting A&H/IPL accounts in a multinational environment.

• Advanced level of SAS SQLEMBLEM/RADAR Python Databricks AI GLM/Machine Learning modelling

• Actuarial reserving & pricing experience

• A passion for people and learning helping people to be better/stronger in their skills.

• Resilience and can-do attitude

• An energy to get things moving and some wins on the board for constant improvement

• Open and strong communication excellence in execution innovative thinking an inclusive mind-set

• Strong business acumen