Overview
Job Description: Head of L&H Pricing, India
Objective of the Role
In the role of Head of L&H Pricing India, you will lead a team and take responsibility for the product development and pricing of new Life & Health business in India. Your leadership will be instrumental in helping the region achieve its ambitious growth plans through a superior client experience, cutting-edge pricing, and the development of innovative products for the Indian market.
Major Responsibilities
Leadership: Accountable for ensuring business written in India aligns with company standards and achieves the market plan. You will drive team priorities, support the development of actuarial staff, and lead regional projects.
New Business Quotes and Tenders: Lead the pricing and modelling of new business, holding sign-off authority for quotes in India. You will collaborate with a cross-functional team to assess risks and ensure the long-term sustainability of the business.
Experience Monitoring and Inforce Insights: Partner with Portfolio Management and Valuation teams to monitor the performance of inforce portfolios. You will work to gain insights from experience studies to support data-driven decisions and enforce robust pricing guidelines.
Strategy, Product Development and Brand Presence: Lead technical input for product development initiatives and represent the company’s brand at industry seminars and conferences. You will provide strategic input on regulations, market, and industry developments.
Qualifications & Requirements
Must-Have Skills and Experience
– Qualified Actuary: Fellow of a recognized professional actuarial body (e.g., FIAI, SOA, CAS, IOA, FOA, FIA).
– Relevant Experience: 5-10 years of post-qualification experience (PQE) in insurance or reinsurance.
– Proven Pricing & Commercial Acumen: Demonstrated commercial and technical skills in Life & Health product design and pricing.
– Leadership & Transformation: Proven experience in managing actuarial teams and driving transformation in ambiguous environments.
– IFRS17 Expertise: Strong understanding of IFRS17 reporting and its implications on pricing and profitability.
– Stakeholder Management: Excellent communication and influencing skills, with the ability to manage stakeholders across functions and geographies.
– Market Knowledge: Pricing experience of the India market is strongly desirable.
Preferred Skills (Pluses)
– Experience in using and developing pricing tools.
– Experience in medical reimbursement pricing.
– A bachelor’s degree in actuarial science, Mathematics, Statistics, Economics, or an equivalent field.