Accountable for the development and implementation of a pricing strategy and model across all product sets and distribution mechanisms nationally.
Understand the end-to-end customer value chain to identify opportunities to improve the profitability of the product offering through risk based selection and / or product rationalisation / design.
Manage rate change process for existing products and rate design and implementation for new products across platforms to ensure that the organisation operates on a profitable and financially viable basis through an optimised pricing model.
Manage strategic price implementation and price strength analysis and reporting.
Provide and analyse underwriting results for the organisation.
Provide data specifications for connectivity and rate engines.
Contribute to strategies and related processes to continuously grow the target market.
Actively participate in the analysis and monitoring of the industry, target market and competitors to identify opportunities and threats.
Build models to profit test changes to existing products as well and potential new products.
Establish, monitor and review pricing principles for bundled products, new business and existing business that are relevant to the target markets.
Review third party pricing models during due diligence and review processes and provide insights and advice on necessary changes.
Deliver on projects and initiatives within agreed deadlines.
Monitor market conditions, competitive landscape, regulatory and technological changes to ensure the pricing strategy remains relevant.
Apply advances actuarial/statistical techniques in analysing pricing data.
Manage rate review process for existing products and rate design & implementation for new products across platforms to ensure that the organisation operates on a profitable and financially viable basis
Use actuarial modelling tools and techniques to develop and maintain rating models, continuously optimising the rating structure.
Ensure project and change initiatives meet objectives on time and on budget by increasing user adoption and proficiency.
Desired Experience & Qualification
• Four or more years general insurance pricing work experience. • Nearly / Newly Qualified. • Strong knowledge of GLM pricing techniques.
Emblem, Radar and SAS experience would be an advantage