FIND YOUR 'BETTER' AT Blue Cross

We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we’d love to hear from you.

About the Role

We are seeking a highly skilled and detail-oriented Product Actuary to join our team. The successful candidate will be responsible for providing actuarial analysis and expertise to support the pricing and reserving of general insurance products. The Product Actuary will collaborate with various teams within the organization to drive profitable pricing strategies, as well as contribute to the development of underwriting guidelines and risk management strategies.

The Product Actuary will drive pricing strategies that position Blue Cross for growth and differentiation in Hong Kong's expanding health insurance market. Develop pricing model to assess risks and determine appropriate premium rates. Contribute toward the growth and health strategy of AIA and establish Blue Cross as the leading General Insurance company as well the General Insurance arm of AIA in Hong Kong.

The Product Actuary is expected to manage and oversee the pricing function to achieve the aggressive business targets and key performance indicators.

Roles and Responsibilities:

Strategic Leadership:

Develop strategic plan and implement pricing strategies that align with Blue Cross’ overall business objectives.Lead the strategic planning process for product pricing, ensuring competitive positioning in the market.Develop solutions and strategies for reinsurance, channels, underwriting to attract new business.

Product Development:

Collaborate with product development teams to ensure pricing strategies are integrated into the product lifecycle.Provide insights and recommendations for product features and enhancements based on pricing analysis.

Financial Management:

Oversee the financial impact of pricing decisions, including revenue forecasting and margin analysis.Monitor and report on key financial metrics related to product pricing.Develop reinsurance strategy on capital and retention management.

Stakeholder Collaboration:

Work closely with sales, underwriting, product, and finance teams to ensure cohesive execution of pricing strategies.Communicate pricing strategies and changes to internal and external stakeholders effectively.

Performance Monitoring:

Establish KPIs to measure the effectiveness of pricing strategies and make data-driven adjustments as needed.Regularly review and refine pricing models to optimize profitability and market share.Oversee experience studies, business plan, budget, investment policy & investment decisions.

Additional Responsibilities:

Support learning culture and people development in the Actuarial Department.

Job Requirements:

Qualified Actuary or equivalentOver 10 years of experienceBachelor's degree in Actuarial Science, Mathematics, Statistics,. Master's degree preferred.Experience on General insurance, HK RBC, IFRS 17

Others:

You are required to obtain relevant license if your job involves in regulated activities

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.