A&H Product Development Actuary

A&H Product Development Actuary,South Korea

At AIG, we are reimagining the way we help customers manage risk. Join us as a Product Development Actuary to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

AIG’s Long Term Product Development team is at the forefront of AIG Korea’s Personal Insurance business, focusing on new coverages and products, pricing strategy, unique and attractive customer value propositions, and management of existing products. Frequent interactions and collaboration with major functions such as distribution, PI strategy, marketing, customer service, claims, and Portfolio Management are essential for this team.

How you will create an impact

• Act as a member of the product development team
• Generate new ideas for creative and innovative value propositions
• Develop new risk rates for the A&H long-term product and update existing risk rates
• Generate premium and reserve rates for new A&H long-term products
• File documentation for KIDI/FSS approval
• Re-price according to FSS regulation changes
• Collaborate with underwriting, claims, etc., to monitor the performance of new products
• Develop remediation plans for existing products as needed

What you’ll need to succeed

• 2+ years of work experience with accidental and health product development or pricing of Life or Non-Life insurance
• Strong ability to deliver new product ideas within accidental and health product lines
• Deep knowledge of actuarial science; being a qualified actuary is a plus
• Ability to work with various distribution channels
• Excellent communication skills in Korean; English skills are a plus
• Strong analytical, communication, interpersonal, and collaborative skills
• Early adopter and visionary with an innovative and disruptive mindset

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing, and financial security—as well as your professional development.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver better solutions to our customers. At AIG, you can support individuals, businesses, and communities, helping them manage risk and respond to times of uncertainty.

Welcome to a culture of inclusion

We’re committed to creating a culture that respects and celebrates each other’s talents, backgrounds, cultures, opinions, and goals. We foster a culture of inclusion and belonging through learning and cultural awareness activities. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.

Functional Area: AC - Actuarial

AIG Korea Inc. (South Korea)