Product & Pricing Actuary - Health - India - Allianz Services
Description
Key Responsibilities
● Work as an extended team of the ADH actuaries to support various product approval, pricing and Health governance activities.
● Support ADH in the product approval process for retail and group health business of global Allianz OEs with:
o Assessment of the initial Health product design and pricing developed by the OE.
o Enhancement of the product and pricing with quality, data-driven, practical solutions.
o Coordination with ADH, other Group functions and the OE, as required, to ensure timely completion of the product approval process.
● Support ADH in assessing the product and pricing maturity of different OEs with deep dive of the current practices and approach in the OE, identifying the gaps/ improvement areas and suggesting the possible enhancements to improve the product and pricing.
● Support ADH in any other ad-hoc Health actuarial activities
● With a strong problem solving and analytical acumen, understand the existing business challenges and develop data driven solutions that may go beyond the existing practices in a highly dynamic and fast paced environment.
● You bring your knowledge to bear to analyze data, calculate cost trends and identify risk factors.
● Effectively communicate with various internal and external stakeholders to convey complex actuarial concepts and analysis into understandable insights.
● Ultimately, you have an impact on how Allianz is positioned in Health globally.
What we look for
● University degree in mathematics, statistics, economics, data science or any related quantitative fields.
● More than 5 years of past experience as an actuary in Health insurance product design and pricing.
● Strong knowledge in data analysis, with practical programming experience, ideally with R or Python.
● High degree of self-organization and willingness to take ownership.
● Problem solving skills to address complex issues related to product development and pricing.
● Ability to adapt to changing business requirements and market conditions.
● Fluency in written and spoken English.