Actuarial Pricing & Underwriting Analyst

Job description

The Actuarial Pricing & Underwriting Analyst reports to the Head of Product, Pricing, Motor and is responsible for supporting the Allianz Insurance Singapore’s retail insurance strategy which include motor, individual accident & health, householder & houseowner and EW, to drive sustainable growth and profitability for the company.

 

 

Job Responsibilities

 

 

·   Underwriting and Risk Management: Adherence to motor underwriting guidelines and risk assessment protocols to deliver sound underwriting practices. Monitor and manage the motor portfolio to maintain an appropriate risk profile and profitability.
·  Operation excellence: Optimize all motor related processes include new business and renewal, to ensure efficiency, quality customer and distributor service, and compliance with regulatory requirements.
·  Collaboration: Work closely with cross functional teams, including pricing, sales, claims, policy administration and finance, to ensure adequacy in premium, deliver quality customer and distributors’ proposition, exchange relevant insights on motor portfolio and ensure profitable growth of the motor portfolio.
·  Market Analysis: Stay updated with market trends, customer preferences, and regulatory changes to anticipate shifts in the industry landscape and make informed underwriting decisions.
·  Product Development: Involve in new and revamp of retail products from product design, pricing, crafting policy wordings.

 

Job Requirements

 

 

·  A minimum of 3-5 years of experience in motor and commercial motor underwriting. In-depth knowledge of the Singapore insurance market and regulatory requirements is preferred.
·  Excellent negotiation and communication skills, both verbal and written, to effectively interact with diverse stakeholders.
·  Strong analytical skills and attention to details to maintain a balance between risk management and business profitability.
·  A bachelor's degree in business, insurance, actuarial science, finance, or a related field is typically required.
·  Certifications in BCP, PGI, and ComGI is required.
 

 

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. 
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.