The successful candidate will report to our Chief Product Officer, Product Personal Lines. He/she will take the lead to evaluate and review best practices in A&H portfolio business management together with Business units to support the Accident and Health portfolio monitoring process, tools, and risk management framework. Main focus will be Hong Kong market, plus occasional coverage for Singapore market as and when needed/per project needs.

Job Duties

Pricing

• Responsible for technical pricing for both Individual and Group Accident & Health Lines of business across Hong Kong
• Leverage best practices in pricing tools and modeling and customizing them for the region.
• Define Renewal Strategy KPIs for Corporate SME and Individual Portfolio, Large Account Pricing.
• Establish Data Analytics capabilities for Health, analyze interpret the health reports and, communicate key findings and drive actions based on them.
  
  
  

Planning and P&L Overview

• Lead the Accident & Health Portfolio Planning and Portfolio management across all the segments of Health Insurance, including Corporate, SME, and Individual.
• Support the Chief Product officer in the strategic planning and regular business reviews of A&H strategy and actions to manage key business risk with local/regional/and global stakeholders.
• Lead the Planning Cycle of the Health Portfolio along with the Finance with bottom-up approach for both top and bottom-line projections.
• Lead management of the Portfolio Management process, including maintenance of the PMP tool and reporting to senior management/executive committee.
• Authorize and Validate KPIs definition and methodology affecting financial figures (like FWA, Provider negotiations).
• Ensure all the operational aspects of the Portfolio Management Process are discussed and agreed upon with the relevant stakeholders, including Finance, Underwriters, and claims Operations.
• Monitor the Health sales performance versus forecasts, analyse discrepancies, identify trends, and develop action points.
• Lead the study on critical assumptions on Inflation, Expenses, and Rate changes regularly.
• Ensure all the validated assumptions are communicated to respective users and are monitored regularly through the portfolio management process.
  
  
  

Other Key responsibilities

• Participate in the Underwriting committee supporting the Underwriting committee with impact analysis on the portfolio.
• Liaise with the broader Actuarial team on reserving and pricing process with inputs from the Business unit.
• Validate and authorize all the Business cases for Health Line of business.
• Lead the Product Committee on monthly basis.
  
  
  

REQUIREMENTS

• Bachelor’s degree in Actuarial Science, Mathematics, Economic or related disciplines.
• Prior solid experience in product & pricing development and/or underwriting in insurance industry, focusing on product management in Life & Medical, PA and Travel products.
• Proven track record and solid experience in underwriting, risk management and portfolio management for Group and Individual business for both Local and IPMI A&H products.
• Exposure to Singapore underwriting and pricing management will be an added advantage.
• Able to collaborate with stakeholders to drive positive business outcomes.
• Exceptional planning, analytical, decision-making and communication skills.
• Excellent command of both written and spoken English; fluent spoken Cantonese.
  
  
  

About Liberty Insurance In Hong Kong

Liberty International Insurance Limited in Hong Kong is a 100% owned subsidiary of the Liberty Mutual Insurance Group. We first started as OTB Assurance Ltd in 1973. In November 1999, Liberty Mutual Insurance Group acquired 70% shares of the company and was renamed as "Liberty International Insurance Limited". Liberty Mutual Insurance Group took over the remaining 30% shares three years later.

Today, we offer a wide range of insurance products and services for individuals and corporations, including private motor, individual and group Life and Medical, office and shop packages, etc. We are one of the leading Insurance providers in Hong Kong. The Company distributes Medical, Property and Casualty insurance and services through professional and registered agents and brokers.

Liberty Mutual Insurance Group

Headquartered in Boston, Liberty Mutual Insurance Group is a diversified global insurer and the sixth largest global property and casualty insurer based on 2020 gross written premium. We rank 86th on the Fortune 100 list of largest corporations in the U.S based on 2022 revenue. As of 31 Dec 2022, we had $50 billion in annual consolidated revenue. We employ 50,000 people in 29 countries and economies around the world.

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