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AVP, Actuary Pricing (Non Life Insurance) at Thai Group Holdings
Bangkok, , Thailand -
Full Time

Start Date

Immediate

Expiry Date

16 Jul, 26

Salary

0.0

Posted On

17 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Pricing models, Actuarial science, Non-life insurance, Data analysis, GLM modelling, Portfolio performance monitoring, Market trend analysis, Regulatory pricing submissions, Feasibility studies, Underwriting, Automation, Pricing dashboards, Communication, Collaboration

Industry

Financial Services

Description
Job Expectations: Deliver accurate pricing models that align with business growth, risk acceptance, and market trends. Support new business feasibility studies and regulatory pricing submissions with well-justified actuarial assumptions. Proactively monitor portfolio performance, identify deviations, and recommend corrective actions. Key Responsibilities: Develop and maintain pricing models for motor and non-motor products, ensuring sustainable yet competitive pricing. Conduct feasibility studies for new partnerships, negotiate key assumptions, and align underwriting conditions. Work with Product Development, Relationship Management, and Underwriting to justify assumptions using both internal and external data. Monitor portfolio performance, analyze deviations, and recommend corrective actions such as repricing or repackaging. Summarize competitor rankings, track market pricing trends, and build a competitor pricing database. Prepare pricing submissions for regulatory approval, ensuring accuracy and sound actuarial justifications. Support advanced pricing initiatives, including GLM modelling, automation, and pricing dashboards. Qualification: Minimum 5 years of pricing experience in the insurance industry. ASA/ACAS or equivalent actuarial qualification is a plus. In-depth knowledge of market trends and regulatory frameworks. Strong data analysis and modelling skills. Excellent collaboration and communication skills.
Responsibilities
Develop and maintain accurate pricing models for motor and non-motor products while monitoring portfolio performance. Collaborate with cross-functional teams to justify assumptions and prepare regulatory pricing submissions.