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Actuary (Products)
About Swiss Re
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.
About iptiQ
Swiss Re's Division iptiQ was formed on 1 January 2021 with the goal to carry out primary Life & Health and Property & Casualty insurance activities of the Swiss Re Group (building on the former Swiss Re Business Unit Life Capital). It aims to build up a global portfolio of primary B2B2C businesses and operates through regional/local entities.
Under the leadership of the iptiQ Chief Pricing Officer (iptiQ CPO), the iptiQ Products Centre helps steer capital to the most attractive areas, optimise profit margins and risk selection.
We are looking for a Products Actuary, who will support the iptiQ CPO and iptiQ entities in creating and maintaining pricing assumptions (in co-ordination with Swiss Re Group), costing tools/models and in assessing and validating new deals.
About the role
With a focus on L&H products:
- Assess referred quotations/product development by iptiQ entities
- Define the framework for experience studies
- Apply data scientific methods to analyse experience data
- Lead the preparation and maintenance of Terms of Trade (in a joint effort with Group and with iptiQ entities)
- Lead development and maintenance of costing tools/models (in co-ordination with Group and with iptiQ entities)
- Support capital and capacity steering to the most attractive areas, via performance monitoring of iptiQ's underwriting portfolios and distribution partnerships
- Support costing adequacy and adherence to underwriting standards and policies
- Develop strong relationships with peers in iptiQ entities and with distribution partners (when required and in agreement with the iptiQ entities)
While the focus of this role is L&H, it will also support pricing and product development of P&C products.
About the team
The iptiQ Products Centre is a small and dedicated team based in multiple offices. Due to its central pricing governance role it has close links to pricing actuaries' community in all the regions. In addition the team regularly interacts with other functions such as Risk Management, Finance etc.
About you
- Minimum four-year degree in mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability
- Qualified actuary (FIA/FFA/FSA or equivalent)
- Proficient in English with excellent oral and written communication skills – any other main European business language is an advantage
- Excellent knowledge of relevant statistical and actuarial models and data scientific methods
- Solid L&H retail insurance industry expertise, with more than 3 years of costing experience in re/insurance
- Ideally experience in P&C pricing
Soft Skills
- Sound judgement/decision making skills
- Excellent organizational skills, collaboration and team working, sociable 'can-do' attitude
- Able to present technical and actuarial topics clearly with confidence and in non-technical language
- Drive and passion, innovative, with the ability to obtain buy-in from stakeholders
- Self-motivator with ability to work under pressure and to balance multiple priorities
We look forward to your application!
We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your tasks.
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Reference Code: 110329
⛔️ Swiss Re are no longer taking applications for this job.
