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Key Objective:
- To support pricing strategies development and implementation to optimise profitability and competitive positioning.
Responsibilities:
- Pricing Analysis: Collect and analyse relevant data to support loss cost analysis for determining appropriate pricing and pricing model enhancement.
- Rate Filing Assistance: Support the Manager in preparing and submit rate filings for regulatory authorities. Ensure compliance with legal and regulatory requirements.
- Competitive Analysis: Monitor and analyze competitor pricing and market trends. Provide summary and key insights to Manager to identify opportunities for growth.
- Pricing System Implementation: To support implementation of rating change and ensure accuracy and timely delivery of pricing update.
- Performance Monitoring: Work along side with Actuarial, Portfolio and Data Analytic team in portfolio monitoring and tracking of key performance indicators. Provide key highlights and observations to Manager.
Requirements:
- At least 3 years of insurance industry working experience.
- Experience in monitoring and claims experience analysis if preferred.
- Experience in insurance pricing is preferred.
- Solid understanding of motor insurance industry, including products, pricing structure, market trend and regulatory requirements.
- Strong analytical capabilities in performing pricing analysis, data interpretation, and conducting market research.
- Proficiency with Microsoft Word, Excel and Power Point
- Familiarity with data manipulation applications such as SQL, SAS, Python is preferred.
- Familiarity with pricing tools such as Emblem and Radar is preferred.
- Ability to plan and execute to ensure timely delivery of results.
- Positive work attitude with focus on continuous improvement.
- Degree in any discipline, preferably Actuarial Science/Stats/Mathematics/Data Science
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