About Us
AXA Life and Health Reinsurance Solutions Pte Ltd (ALHRS) is a transversal Group entity that provides a gateway for its clients (whether a life/non-life insurer, an MGA/MGU or their reinsurance brokers) to access AXA's global Life & Health reinsurance capabilities. We are licensed by the Monetary Authority of Singapore as a reinsurance broker focusing on health and life risks. We can only advise on reinsurance capacity provided by AXA-owned reinsurers (AXA Health UK, AXA France, AXA XL, etc). We organize our business development along five regions, with local teams focused on working with clients in low and mid-income markets in their area: Europe & Africa; Middle-East & Central Asia; North Asia & Greater China; South Asia & Pacific; Latin America & Caribbean. We offer a unique blend of consulting, servicing and reinsurance to support our clients ambitions. We belong to the AXA Global Healthcare (AGH) group of companies, which is headquartered in the UK. AGH is itself a component of AXA Life & Health International Solutions (ALHIS), a team based in Paris.
Purpose of the Role
- This role involves providing actuarial advice and services, particularly with respect to technical pricing for reinsurance treaties, to meet the strategic goals of the company
- A typical day on the job will require you to work on the development and maintenance of actuarial models, conduct actuarial analyses by leveraging on both in-house data and external sources, and contribute to development of new opportunities
- The ideal candidate will be self-motivated to be responsible for high standards of performance, with an open mind to new product design ideas
Key Responsibilities
- Conduct experience studies, rate adequacy analysis and financial projections on reinsurance partnerships
- Present findings from technical pricing work to senior actuarial management
- Adhere to the Actuarial Control Cycle and compliance with ALHRS Pricing Standards through proper documentation of all pricing tasks
- Work closely with Underwriters, Partnership Development Managers and Claims Team
- Assist Reporting and Analytics actuaries by supplying assumptions for budgeting and forecasting processes
- Assist with projects related to the updating and maintenance of both the pricing tools and rate-making methodology
- Keep abreast to local developments within both the life and health insurance market and international actuarial practices
- Perform other duties as assigned or required
What we are looking for
- Candidate with Mathematics/Actuarial or any related degree background
- Progress towards pursuing a professional actuarial qualification with a recognized actuarial body
- 2 to 3 years of experience working in an actuarial role, preferably in Short-Term Life and Health Insurance. Candidates with lesser experience will be considered at Executive level
- Degree in actuarial science, mathematics, economics or business-related field
- Proficient in MS Office, VBA, SQL and a high degree of comfort working with large datasets is preferred
- Solid oral and written communication skills
- Ability to work independently
