Key Responsibilities
- Product Development:
- ​Design products from concept to launch, leveraging actuarial modeling for pricing, reserves, and risk assessment.
- Conduct sensitivity analysis, profit testing, and scenario modeling to optimize product performance.
- Cross-functional Leadership:
- Collaborate with Underwriting, Sales, Finance & Compliance to align products with regulatory standards (e.g., HKIA, CBIRC) and market needs.
- Lead product filings, documentation, and approvals with regulators.
- Market Strategy:
- Analyze competitor products, customer insights, and distribution trends to identify gaps/opportunities in Hong Kong & Greater Bay Area markets.
- Develop product enhancements and digital solutions (e.g., embedded insurance, parametric products).
- Risk Management:
- Monitor in-force product performance, recommend recalibrations, and ensure solvency requirements (e.g., RBC, IFRS 17) are met.
Qualifications
Must-Have:
- Fellow or Associate of SOA/CAS/IFoA (or near-qualified).
- 5+ years experience in insurance product development/pricing.
- Proven track record in launching commercially successful insurance products in Asia markets (Hong Kong/China experience preferred).
- Expertise in actuarial software (Prophet, AXIS, or Python/R) and pricing models.
- Fluency in English and Mandarin (written/spoken).
Highly Valued:
- Experience with regulatory frameworks (e.g., HKIA GN16, CBIRC).
- Knowledge of IFRS 17 implementation.
- Ability to navigate cross-border product strategies (Hong Kong ↔ Mainland China).