The regional Life and Health Pricing team (LH2), based in Singapore, is responsible for the quality of new business written by Munich Re in various markets across Asia Pacific, Middle East and Africa.The purpose of the team is to support business units in the region to write profitable business on a sustainable basis. Key tasks of the pricing team in the regional office include product reviews, determination of risk appetite for new risks, review of pricing submissions, deriving terms of trade, initiation and review of experience analysis for pricing purposes, setting best practices in pricing and product risk management, and review of pricing impacts of data analytics models. The team is also responsible for pricing governance in the various markets, which involves defining and establishing best practices in pricing and product risk management.Based in Singapore and reporting to the Chief Underwriting & Pricing Officer (CUPO), you will be highly influential; impacting new business growth and, Munich Re's brand in product development, innovation, risk consulting and pricing excellence.Your Role:The position offers an interesting environment in which there will be plenty of opportunities to monitor and manage a variety of markets, life and health products and risks in Asia Pacific, Middle East and South Africa, sharpen actuarial skills and team management skills, and to interact with well-respected professionals in the organisation.Key tasks include:Managing a strong team of pricing actuaries in the regional office to deliver high quality advice in the following areasProviding support and advice to the various business units in LH2 on product risks and pricingSupporting business units in the development and regular review of risk appetite for existing and new productsPerforming research and assisting local units in setting and implementing robust terms of trade for pricingManaging timely and efficient review of quotes that are referred to LH2Ensuring proper documentation of pricing review done and decisions made.Leading implementation of minimum standard guidelines and best practice for various lines of businessLead in managing and ensuring sustainable profits from new risksMonitor new business quality in the various markets, identify and implement sound risk assessment and management approaches in the business units in the regionSupporting the senior management team in the regional office and the central units in Munich in risk management and pricing topicsParticipating in global initiatives within Munich Re on pricing and risk assessmentParticipating at industry and client events organised by Munich Re.Your Profile:Qualified Actuary with a minimum of 15 years' experience in life and health (re)insurance with sound knowledge of reinsurance structures and insurance products, especially living benefitsStrong motivation to lead independent research, and apply independent judgmentAbility to adapt, innovate and leadProven ability to manage conflicts and excellent team management skillsKnowledge of Embedded Value, Solvency II and Economic Capital, and IFRSExcellent communication skills, especially, proven ability to explain complex and possibly unpopular viewpoints with clarity while recognising other perspectives and positions.Familiarity with Asian markets and/or Australia and/or South Africa will be preferred.Our Benefits:Flexible and hybrid working arrangementsGenerous annual leave allowanceComprehensive dental, life and health insurance coverageAt Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.
The regional Life and Health Pricing team (LH2), based in Singapore, is responsible for the quality of new business written by Munich Re in various markets across Asia Pacific, Middle East and Africa.The purpose of the team is to support business units in the region to write profitable business on a sustainable basis. Key tasks of the pricing team in the regional office include product reviews, determination of risk appetite for new risks, review of pricing submissions, deriving terms of trade, initiation and review of experience analysis for pricing purposes, setting best practices in pricing and product risk management, and review of pricing impacts of data analytics models. The team is also responsible for pricing governance in the various markets, which involves defining and establishing best practices in pricing and product risk management.Based in Singapore and reporting to the Chief Underwriting & Pricing Officer (CUPO), you will be highly influential; impacting new business growth and, Munich Re's brand in product development, innovation, risk consulting and pricing excellence.Your Role:The position offers an interesting environment in which there will be plenty of opportunities to monitor and manage a variety of markets, life and health products and risks in Asia Pacific, Middle East and South Africa, sharpen actuarial skills and team management skills, and to interact with well-respected professionals in the organisation.Key tasks include:Managing a strong team of pricing actuaries in the regional office to deliver high quality advice in the following areasProviding support and advice to the various business units in LH2 on product risks and pricingSupporting business units in the development and regular review of risk appetite for existing and new productsPerforming research and assisting local units in setting and implementing robust terms of trade for pricingManaging timely and efficient review of quotes that are referred to LH2Ensuring proper documentation of pricing review done and decisions made.Leading implementation of minimum standard guidelines and best practice for various lines of businessLead in managing and ensuring sustainable profits from new risksMonitor new business quality in the various markets, identify and implement sound risk assessment and management approaches in the business units in the regionSupporting the senior management team in the regional office and the central units in Munich in risk management and pricing topicsParticipating in global initiatives within Munich Re on pricing and risk assessmentParticipating at industry and client events organised by Munich Re.Your Profile:Qualified Actuary with a minimum of 15 years' experience in life and health (re)insurance with sound knowledge of reinsurance structures and insurance products, especially living benefitsStrong motivation to lead independent research, and apply independent judgmentAbility to adapt, innovate and leadProven ability to manage conflicts and excellent team management skillsKnowledge of Embedded Value, Solvency II and Economic Capital, and IFRSExcellent communication skills, especially, proven ability to explain complex and possibly unpopular viewpoints with clarity while recognising other perspectives and positions.Familiarity with Asian markets and/or Australia and/or South Africa will be preferred.Our Benefits:Flexible and hybrid working arrangementsGenerous annual leave allowanceComprehensive dental, life and health insurance coverageAt Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.
