(Senior) Pricing & Products Actuary L&H - (Hybrid; 80%-100%; m/f/x/d)

Are you an experienced Pricing & Products actuary in the German L&H primary insurance market? Do you want to be part of Swiss Re's growing and dynamic division iptiQ EMEA, which provides innovative protection solutions to consumers? If so, we invite you to learn more about our (Senior) Pricing & Products Actuary L&H role below!

About the Role 

As (Senior) Pricing & Products Actuary L&H, based in Munich and reporting to the Head Pricing & Products L&H Continental Europe, you will lead technical and actuarial aspects of the relationship with distribution partners in Germany. You will be responsible for pricing, referral and final sign-off for existing and newly developed insurance products. You will prepare end-customer premium rates and ensure that the agreed rates are correctly implemented in the respective administration systems. Together with the Insurance Product Manager and Literature managers in Germany, and another Senior Pricing & Products Actuary, you will ensure that our insurance proposition (Products and Pricing) provides good customer value.

It will also be your responsibility to prepare and maintain the pricing assumption basis for our German business. You will support the Distribution team in business performance steering and distribution partner management. Working with our tight-knit German Partner Core Team, you will also collaborate closely with various experts including Underwriting, Claims, Finance, Operations, Valuation and Risk Management.

You will be required to have in-depth knowledge of the German L&H primary insurance protection market. Including awareness of the legal and regulatory framework. In addition, you will review pricing work performed by other Pricing & Products Actuary for other markets across EMEA. 

Key responsibilities are:

• Deliver pricing, referral and final sign-off of German protection products (Term Life, Whole of Life, and associated rider benefits) balancing commercial and customer value

• Drive business cases and new partnerships, in collaboration with the Distribution team

• Contribute to product development, design, and expansion

• Develop and maintain costing tools/models

• Specify and test products

• Monitor the existing portfolio

• Review customer literature and distribution contract

About the Team

We are a diverse, talented group of people, who delivers L&H primary insurance proposition (Product development and Pricing) in multiple countries. The Pricing & Products L&H Continental Europe team consists of 9 colleagues based across 5 locations in Europe.

About You

We expect you to be:

• A qualified Actuary with experience in L&H pricing in the German primary insurance market, including use of cashflow pricing models (level of experience will determine if the successful candidate is a Senior Pricing & Products Actuary)

• Deeply knowledgeable about life insurance and know how to technically implement solutions and products

• Commercially minded 

• Client centric with experience working with external distributors

• Fluent in English and German with excellent oral and written communication skills. Other main European languages are an advantage.

• Proficient in MS Excel. Programming experience in VBA and/or R is beneficial.

• A team player who is passionate about the success of the business

• Comfortable in a dynamic and fast-moving environment

• Able to present complex topics clearly to a variety of stakeholders

• Self-motivated with an ability to work under pressure

You are:

• Able to show integrity and consumer awareness

• Enthusiastic about working with international colleagues in a multi-cultural environment

• Comfortable handling multiple deliverables and with re-prioritisation

• Collaborative, engaging and positive

• A fast learner able to grasp complex processes and projects

• Willing to actively engage in discussions and voice opinions

• Committed to quality, accuracy and speed         

We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

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About iptiQ

At iptiQ, we partner with established brands around the world to create impactful digital insurance solutions. We make it easier for consumers to buy the insurance they need from the brands they trust. We provide life and non-life insurance through our end-to-end digital platform and build multi-channel customer experiences.

What we offer our employees is outstanding. Hybrid working in offices across the world, phenomenal learning & career opportunities and a culture that encourages new perspectives to challenge conventions and come up with innovative solutions. We believe in the power of inclusion. Drawing on our employees' broad range of perspectives, life experiences and backgrounds stimulates creativity and gives us a competitive edge. iptiQ embraces a workplace where everyone has equal opportunities to thrive regardless of their age, gender, gender identity and/or expression, sexual orientation, race, ethnicity, religion, physical or mental ability, or other characteristic and can be their authentic self. Ignite your curiosity to shape digital insurance.

iptiQ is part of Swiss Re, one of the world’s leading providers of re/insurance and risk transfer solutions. This means we’re backed by Swiss Re’s capital strength and more than 150 years of risk knowledge. Through our partnerships, we contribute to Swiss Re’s vision to make the world more resilient.

During the recruitment process, reasonable accommodations for special needs are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.