Job Description
DUTIES AND RESPONSIBILITIES:
- Develop and maintain pricing models for various insurance products using statistical and actuarial data.
- Analyze historical claims data, market trends, and competitor pricing to recommend appropriate rates.
- Collaborate with actuaries to validate pricing assumptions and ensure accuracy.
- Support the underwriting team by providing pricing guidance and risk assessment insights.
- Conduct financial and profitability analysis for new and existing insurance products.
- Prepare reports and presentations to communicate pricing recommendations to management and stakeholders.
- Monitor regulatory changes affecting pricing and ensure compliance with applicable laws.
- Identify opportunities to optimize pricing strategies and improve product competitiveness.
- Mentor junior pricing staff and contribute to continuous process improvement.
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