Actuarial Analyst. at Hollard Insurance

Role Objectives

• To support the Hollard Insure Personal lines pricing team in servicing the various product portfolios through data management and analytics, pricing, product development, portfolio monitoring, MIS and technical assistance.
• The range of products include all products relating to Personal Lines policies.

PROCESS

• Assist with the design and pricing of new and existing products:
• Conduct on-going review and monitoring of pricing on products.
• Measure and monitor the appropriateness existing rates.
• Data manipulation and performing data analysis.
• Support system implementation of new products as well as updating and maintaining rating models on existing products.
• Assist with design and implementation of renewal pricing philosophy.
• Support experience monitoring of existing portfolios.
• Conduct impact analysis of new rates to support stakeholders with change management.
• Generate and review product documentation for new and existing products:
• Liaise with underwriting, product team and IT to develop product specifications.
• Support sales teams with technical marketing queries.
• Assist with testing and specification of system setup for products.
• Product monitoring and reporting.
• Management Information
• Produce management information.
• Analysing trends and insights to inform business decisions.
• Assist with modelling as needed to support business decisions.
• Develop and maintain strong working relationships between the team and related internal and external stakeholders, particularly the Distribution team, IT, Product development team and Personal Lines support team.

DATA MANAGEMENT

• Collaborate with all business partners to ensure data requirements of PL pricing team are met.
• Extracting, cleaning, processing, and reconciling data from various data systems and providing the data in a suitable format for PL actuarial calculations.
• Data Analytics

Required Knowledge And Experience

• 1-3 years relevant experience in short-term insurance pricing / product Development
• Digital literacy & data manipulation skills
• Towers Watson Emblem, Radar and Classifier
• Earnix
• SAS
• Advanced MS Office
• SQL
• Technical pricing experience (Generalised Linear Models and other modelling experience) would be an advantage.

Educational Requirements

• BSc Actuarial/Statistics/Mathematics degree or other relevant actuarial or data degree
• Studying towards becoming a qualified actuary in the short-term insurance industry
• Good progress in completing CTs (minimum of five preferred).