Job Purpose
- Ensure the profitable growth of the Life & Health portfolio through the timely delivery of competitive Life & Health proposals for new and renewal businesses within the framework of the company's underwriting philosophy, guidelines, authority limits and procedures.
- Implement and contribute to the strategic direction of the reinsurance, underwriting, pricing, and product development of the Health, and Health business in accordance with overall company business growth and profitability goals.
- Lead Ad-hoc studies contributing to the company's simplification and increase in efficiency.
Area of Knowledge
- Sound knowledge of Life & Health underwriting including an excellent understanding of risk factors, exclusions and benefits commonly applied by our company as well as by the competitors in the region.
- Sound knowledge of claims, policy administration operations and reinsurance policies.
Main Accountability
- Prepare and deliver customized Life & Health proposals/quotes for new businesses and renewals.
- Communicate to Operational teams all pricing information required to incept the policy.
- Support the development of new partnership opportunities and new life and health products
- Support the development of new initiatives related to the pricing and/or underwriting with IT department.
- Negotiate with Distribution Channels marketable premiums that allow us to grow the portfolio and remain profitable.
- Participate in pricing tools enhancement.
- Develop dedicated tools to monitor the Individual and group portfolio. Analyze and communicate to Management business trends with technical explanations.
- Implement corrective measures either on the whole portfolio or specific accounts to maintain profitability levels.
- Interact with Customers, Intermediaries/Partners, Reinsurers.
- Participate in the continuous improvement initiative to improve customer experience.
- Negotiate with reinsurer Treaty pricing and terms and assure all Treaty modifications are reflected in signed Addendums.
- Liaise with Reinsurer for jumbo cases and special acceptances.
Business Knowledge
- Sound knowledge of health insurance regulations in the region
- Good knowledge of local and international competitors products and services
- Excellent understanding of Life & Health pricing techniques.
Education
Master's degree or equivalent.
Number of Years of Experience
Minimum of 7 years in Health Insurance
Minimum of 5 years in Pricing and Actuarial sciences
