ABOUT US:
PolicyStreet is a leading InsurTech group, specialising in innovative digital insurance solutions for businesses and consumers in Southeast Asia and Australia. With a network of over 40 providers, we offer a comprehensive range of products, including embedded insurance, customised employee benefits, car insurance renewals, financial advisory, and digital solutions – making insurance straightforward, for everyone. Through our regional group of companies, we serve more than 5 million customers with over US$ 10 billion in sum insured.
WHAT YOU'LL DO:
Pricing Strategy Development:
- Develop pricing strategy across all business lines (Motor and Non-Motor).
- Support the implementation of pricing strategies and refinement of pricing models and methodologies. Ensure that pricing strategies are competitive and aligned with market conditions and corporate objectives.
- Test pricing models and tools, tabulate the product features and pricing assumptions.
Pricing Projects:
- Collaborate with product development teams, and underwriters to support product strategy and innovation.
- Assist and review product specification during the new product development process.
- Develop pricing projects. e.g. impact analysis, regulatory filing and experience studies while ensuring compliance with regulatory requirements
- Ensure pricing methodology and assumptions are documented and aligned with internal governance.
Product Portfolio Monitoring:
- Monitor product performance post-launch to ensure profitability and compliance with pricing assumptions.
- Conduct regular reviews and enhance actuarial pricing processes and procedures to optimize operational performance and provide insights on pricing effectiveness.
Market and Data Analysis:
- Work closely with Market Leaders to maintain competitiveness in business through monitoring of industry trends, competitor pricing, and regulatory changes. Identify pricing trends and opportunities and adjust the pricing models accordingly to enhance pricing accuracy and efficiency.
- Conduct data analysis and present findings to define business KPIs.
- Utilize statistical and actuarial techniques to build business models to assess impact of key projects and opportunities.
Requirements
WHAT WE'RE LOOKING FOR:
- Degree in Actuarial Science, Data Science, or other Mathematics/Statistics based major.
- Minimum 3 to 4 years in-house actuarial pricing experience or 1 to 2 years experience in actuarial consulting pricing experience.
- Have experience doing ratemaking for all lines of businesses, specifically accident and health, property and miscellaneous, GIT and liability.
- Solid understanding of the insurance industry including products, pricing structures, market trends and regulatory requirements
- Possesses strong numerical and analytical skills
- Proficiency in any relevant statistical software and programming languages (e.g., SQL, SAS, Python, R, or VBA)
Benefits
PERKS YOU’LL GET TO ENJOY WHILE WORKING HERE!
- Dedicated learning opportunities & development plans to grow your career.
- Young & energetic team with focus on Innovation & Collaborate, elevating a fun working culture.
- Medical & Life Insurance extended to spouse & children.
- Flexi Benefits available for transport, dental, optical, traditional medicine etc.
Find out more about us via our website at www.policystreet.com.
Top Skills
What We Do
PolicyStreet is an insurance technology group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia.
PolicyStreet works directly with over 40 life, general, and takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful & simple for businesses and consumers.
As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide.
PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as "Fintech of the Year" at The Asset's Triple A Digital Awards and ranked as the second-highest Malaysian company in the "High-Growth Companies in Asia Pacific 2024" list by Statista and The Financial Times.
