Liberty International Insurance Limited

Assistant Manager, Product-A&H Analytics

Liberty International Insurance Limited
Posted on 13-Apr-21

Assistant Manager, Product-A&H Analytics

Liberty International Insurance Limited

Job Highlights

  • Monitor Hong Kong market and identify competitor
  • Collect and consolidate underwriting guidelines
  • Minimum 5 years of experience

Job Description

JOB SUMMARY
The A&H Product Manager is a momentous position in the Hong Kong A&H Product Department, which is a core business function that closely collaborates with Sales, Claims, Policy Admin, IT, and Finance departments on a day-to-day basis. Reporting to the A&H Product Management Leader, Asia MCM based in Singapore and working closely with the A&H CPO (Chief Product Officer), Asia MCM based in Hong Kong, the candidate will collaborate with other business leaders to profitably grow Hong Kong A&H business. There are three core pillars as day-to-day responsibilities: (i) Product Development and Revamp, (ii) Portfolio Management, Analytics, and Reporting,(iii) Pricing and Rating related activities such as development and maintenance of Group business pricing tools, regular rate review in accordance to portfolio performance and market dynamics, and loss cost analysis on benefits / section levels. A suitable candidate should possess business-oriented, outcome-focused, and data-driven mindset while acting in complete accordance with local regulation and internal compliance. High degree of analytical skill is required due to the sophisticated nature of work required in this role. Depending on business needs, candidate may be required to participate into overseas / regional / global projects related to A&H Product Management.
JOB DUTIES
A.)  Product Development and Revamp
  • Monitor Hong Kong market and identify competitor changes and industry trends impacting effectiveness or compliance of current and proposed product design
  • Help building annual product plan and review performance of assigned product lines
  • Work closely with business, legal, and compliance departments, lead revamp and development of Group / Individual Medical / PA / Life product as needed. Identify key product and prioritize product development and revamp resources and effort according to business potential
  • Refine and develop policy wordings and T&Cs that can clearly articulate product coverage and easy to understand for policyholders
B.) Portfolio Management, Analytics, and Reporting
  • Produce in-depth monthly and quarterly product reports and presentation decks for senior management to review operational results and highlight key concerns, such as loss ratio trend, rate adequacy, business volume, large claims, etc.
  • Produce on-demand portfolio analytics report and analysis according to business and compliance need; liaise with IT to automate report generation whenever possible
C.) Pricing and Rating related activities
  • Collect and consolidate underwriting guidelines for both pricing considerations and medical underwriting tools and instruments for life, medical, and non-medical accident
  • Conduct segment / benefit loss cost analysis and develop pricing tools / guidelines
Requirements:
  • Bachelor’s degree in economics, analytics, statistics, medical science, actuarial science, or relevant quantitative / medical discipline. Advanced education will be a plus
  • Minimum 5 years of experience in insurance industry. A&H experience will be a big plus
  • Technical expertise regarding data models, data mining and analytical techniques to provide insights to business issues and proven track record in generating sales and retention lifts
  • Demonstrated ability to solve complex business problems
  • Strong project management skills managing multiple stakeholders from various departments
  • Strong analytical skills with the ability to consolidate, analyze and disseminate significant amounts of information with attention to detail and accuracy; comfortable with analysing over 500,000 rows of data with more than 40 columns (i.e. more than 20 million cells)
  • Have growth mindset that allows for continuous improvement of work process, tools or service delivery in a collaborative way that provides consistent innovation
  • Hands on skills in MS Excel pivot table mandatory; skills in MS SQL and PowerBI a big plus
  • Excellent English written and oral communication, comfortable working in an MNC environment with English as major language for communicating with senior management
Interested parties, please click "Apply Now" to submit your application.

Personal data collected will be used for recruitment purpose only.

Additional Information

Career Level
Middle
Qualification
Degree
Years of Experience
5 years
Job Type
Full Time, Permanent

Company Overview

Liberty International Insurance Ltd is a 100% owned subsidiary company of Liberty Mutual Group. Liberty Mutual’s purpose is to help people embrace today and confidently pursue tomorrow. Keeping this promise means we are there when our policyholders throughout the world need us most.

In business since 1912, and headquartered in Boston, Mass., today we are a leading global insurer with operations in 30 countries and economies around the world. We are the third largest property and casualty insurer in the U.S. based on 2017 direct written premium data as reported by the National Association of Insurance Commissioners. We also rank 68th on the Fortune 100 list of largest corporations in the U.S. based on 2017 revenue. As of December 31, 2017, we had $39.4 billion in annual consolidated revenue.

We employ more than 50,000 people in over 800 offices throughout the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, commercial multi-peril, property, general liability, commercial automobile, surety, workers compensation, specialty lines, and reinsurance.

To cope with our business expansion, we are now seeking high caliber professionals to join our dynamic team. You can learn more about us by visiting www.libertyinsurance.com.hk

Additional Company Information

Industry
Insurance/Pension Funding