Purpose

This role is dedicated to modernizing, automating, and elevating the insurance pricing function to enhance profitability and market agility. It serves as a bridge between traditional actuarial science and advanced technologies, including artificial intelligence, machine learning, and data science—facilitating the transition from traditional pricing methodologies to dynamic, real-time analytical solutions.

It is essential to collaborate closely with the COG Actuarial team and provide support for the Pricing Framework Project, with an initial focus on A&H pilot pricing initiatives and the potential objective of expanding these efforts across all consumer lines.

Responsibilities

• Serve as a dedicated Technical Pricing Actuary within the newly established Pricing Framework team.

• Lead and support the refresh of Benchmark models, DRE, and GLM models, leveraging expertise in RADAR software.

• Utilize Benchmark Rater to develop loss cost assumptions and commercial rating plans.

• Upload loss cost projections and commercial rating plan data via Actuarial IQ.

• Monitor conversion rates, including conducting rate testing and optimization to improve performance.

• Track and analyze loss ratios, recommending pricing or product changes as needed.

• Provide technical support for the business team in applying price elasticity and conversion modeling to inform and update rating plans, with ongoing rate testing

• Provide technical support for the business team in Developing and implementing optimization tools to enhance pricing effectiveness.

• Contribute to the development and maintenance of pricing guidelines, global pricing tools, regional pricing training, and audit processes.

• Maintain pricing documentation and modeling documentation according to the Chubb standard

• Support Connected Core related data/tool upgrades.

• Collaborate closely with cross-functional teams, including Product Owners, Data Masters, Underwriters, Data Analysts, Account Managers, Operations, Claims, and IT.

Qualifications