Product Development Actuary

The product development actuary will be responsible for product development for Life & Health Insurance to SCOR’s clients in China. He/she will be working closely with the market manager of China to provide and support on product innovative, product design, and research, also to develop professional relationship with clients.

Responsibilities

Key duties and responsibilities

• Core job responsibilities: marketing trend insight and research, domestic and foreign product analysis and research, product innovation and form design, new product risk research and feasibility evaluation, new product development project organization and coordination, client roadshow and product promotion, etc.
• Develop new products every quarter and coordinate with internal team to complete marketing and risk control evaluation and finish feasibility report
• According to market feedback, continuously update the developed old products to make them better and better
• Complete quarterly product innovation promotion materials, visit clients at least once a quarter to promote new products
• Keep an eye on market and regulatory developments and develop niche research reports (not necessarily related directly to new product development)
• Complete quarterly product innovation promotion materials, visit clients at least once a quarter to promote new products
• Maintain the SCOR Raibow platform and make relevant promotion and support the training needs of our clients

Qualifications

Required experience & competencies

• 3-8 years of product development and actuarial experience, at least three years of product development and pricing experience. Be familiar with various health insurance products and have a certain understanding of health management services.
• Strong communication and logical thinking skills.
• Strong research and summary ability and solid reporting skills. Have certain innovative thinking ability.
• Passing the ASA level SOA examination or the equal level in other actuarial examination system.

Required Education

• Bachelor degree or above
• Passing some Actuarial Exams and target to be a qualified Actuary

About us

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.