About the job
ABOUT US:
PolicyStreet is an innovative InsurTech leader, dedicated to providing cutting-edge digital insurance solutions for both businesses and consumers across Southeast Asia and Australia. Our extensive network of over 40 insurance providers allows us to offer a diverse array of products, including embedded insurance, tailored employee benefits, car insurance renewals, and comprehensive financial advisory services. We strive to simplify the insurance experience for everyone, serving over 5 million customers with a total sum insured exceeding US$ 10 billion.
WHAT YOU'LL DO:
Pricing Strategy Development:
- Formulate and implement a robust pricing strategy across all business lines, including Motor and Non-Motor sectors.
- Enhance pricing models and methodologies to ensure competitiveness and alignment with market conditions and corporate goals.
- Conduct testing of pricing models and tools, while meticulously documenting product features and pricing assumptions.
Pricing Projects:
- Collaborate effectively with product development teams and underwriters to drive product strategy and innovation.
- Review product specifications during new product development and assist in developing pricing projects such as impact analysis, regulatory filings, and experience studies, ensuring compliance with all regulatory requirements.
- Maintain thorough documentation of pricing methodologies and assumptions in alignment with internal governance.
Product Portfolio Monitoring:
- Oversee product performance after launch to ensure profitability and adherence to pricing assumptions.
- Regularly review and refine actuarial pricing processes and procedures to enhance operational performance and provide insights into pricing effectiveness.
Market and Data Analysis:
- Work closely with Market Leaders to maintain competitiveness by monitoring industry trends, competitor pricing, and regulatory changes. Identify pricing trends and opportunities to adjust pricing models for improved accuracy and efficiency.
- Conduct comprehensive data analysis, presenting findings to define business KPIs and utilizing statistical and actuarial techniques to build business models assessing the impact of key projects and opportunities.
