Retail Health Pricing

Position Description: Actuarial consultant responsible for pricing and product development of health products.

Key Responsibilities: · Develop and enhance health insurance products tailored to market needs and customer preferences. · Conduct market research and competitive analysis to identify opportunities for new product features. · Lead actuarial pricing for assigned products, determining premium rates based on risk and financial projections. · Ensure compliance with insurance regulations and collaborate with regulatory teams for approvals. · Analyze product performance and recommend modifications or discontinuations. · Assess profitability through actuarial modeling and implement pricing adjustments. · Evaluate risk exposure and recommend mitigation strategies in collaboration with underwriting. · Support product launches with cross-functional teams including marketing and distribution. · Utilize actuarial tools for claims and expense projections; perform sensitivity analyses. · Monitor post-launch performance and adjust pricing based on KPIs. · Customize offerings for target customer segments in collaboration with marketing. · Share pricing methodologies and support team learning initiatives.

Key Competencies: · Actuarial Analysis · Retail Health Underwriting · Audit & Risk Management · Health Insurance Domain Knowledge · Strategic Decision-Making

Behavioral Traits

• Analytical thinking and

problem-solving

• Effective communication and

collaboration

• Adaptability and continuous

learning

• Attention to detail and

accountability