Pricing Transformation Actuary, Consumer Lines A&H, APAC at Chubb

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

13 Jul, 26

Salary

0.0

Posted On

14 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial science, Pricing transformation, GLM modeling, Machine learning, Data science, RADAR software, Benchmark Rater, SAS, SQL, Python, Databricks, Artificial intelligence, Loss ratio analysis, Price elasticity, Conversion modeling, Underwriting

Industry

Insurance

Description

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 science—facilitating 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.

Responsibilities

The role focuses on modernizing and automating the insurance pricing function by bridging traditional actuarial science with advanced technologies like AI and machine learning. Responsibilities include leading benchmark model refreshes, developing loss cost assumptions, and collaborating with cross-functional teams to optimize pricing effectiveness.