Retail Health Pricing

Position Description:

Actuarial consultant responsible for pricing and product development of health products.

Key Responsibilities:

• Develop and enhance health insurance products tailored to market needs and customer preferences.
• Conduct market research and competitive analysis to identify opportunities for new product features.
• Lead actuarial pricing for assigned products, determining premium rates based on risk and financial projections.
• Ensure compliance with insurance regulations and collaborate with regulatory teams for approvals.
• Analyze product performance and recommend modifications or discontinuations.
• Assess profitability through actuarial modeling and implement pricing adjustments.
• Evaluate risk exposure and recommend mitigation strategies in collaboration with underwriting.
• Support product launches with cross-functional teams including marketing and distribution.
• Utilize actuarial tools for claims and expense projections; perform sensitivity analyses.
• Monitor post-launch performance and adjust pricing based on KPIs.
• Customize offerings for target customer segments in collaboration with marketing.
• Share pricing methodologies and support team learning initiatives.

• Actuarial Analysis
• Retail Health Underwriting
• Audit & Risk Management
• Health Insurance Domain Knowledge
• Strategic Decision-Making

• Analytical thinking and problem-solving
• Effective communication and collaboration
• Adaptability and continuous learning
• Attention to detail and accountability