With a desire to deliver best-in-class solutions to customers, and bringing a strong brand that stands for quality, trust and resilience one step closer to Singapore, a composite insurance entity, Allianz Insurance Singapore Pte. Ltd. has now been set up on 08 June 2020 to better serve the local retail, SME and mid-corp markets via various channels including agents, financial advisers, brokers and partnerships.
Allianz is the No. 1 insurance brand again in 2020*
The role is responsible for assisting with:
- Product development of General Insurance products in Singapore for both the corporate and retail market, from end-to-end, including but not limited to:
- product design;
- developing premium rates;
- creating policy wordings;
- product approvals; and
- determining underwriting rules.
- Market competitor analysis
- Managing of pricing models
- Technical product controlling, including product and portfolio performance monitoring
- Quotations for corporate accounts
Job Task
- Assist new product development from end-to-end, including but not limited to product design, developing premium rates, creating policy wordings, and determining underwriting rules.
-Conduct competitor analysis, including comparison of premium rates, providing customer and market insight and understanding product’s unique selling points and market positioning.
-Assist owner of product development and clarify matters to external (distribution partners) and internal (distribution, IT/operations, finance, legal/compliance) stakeholders.
-Independently perform comprehensive product performance and monitoring to support portfolio management decisions. Including gathering feedback from sales people and preparing slides for portfolio review.
-To represent the product team in meetings with IT and actively communicate key points back to the team.
-Support ad-hoc analysis and new business opportunities assessment based on needs of distribution or management team
Technical Skills
-P&C Actuarial methodologies, primarily pricing
-Strong financial and analytical skills
-Familiarity with P&C market
-Familiarity with microsoft and IT platforms like JIRA and confluence.
-Previous insurance Internships preferred
-Actuarial qualifications (FCAS, FIA, FIAA or equivalent), or partial qualification, would be an advantage.
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- Company:
Allianz Insurance Singapore - Designation:
Actuarial Intern - Profession:
Insurance - Industry:
Insurance