Job Description

FWD Group is a pan-Asian life insurance business with more than 10 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. FWD reached its 10-year anniversary in 2023. The company is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance. Visit

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

Similarly, if you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

Support the Head of Pricing in the pricing of life insurance products.

KEY ACCOUNTABILITIES

• Develop actuarial pricing model for new or repriced products.
• Perform financial assessment and sensitivity testing
• Collaborate with wider business (including product development, IT, risk & compliance, etc) on implementation of products
• Prepare internal and external product filing
• Work closely with Appointed Actuary in proposing assumptions for new products and justifications
• Pro-actively drive initiatives/projects to enhance overall pricing process efficiency and governance/controls
• Support discussion and negotiation on reinsurance, together with Product team
• Assist in special quotations

• Good progression in actuarial examination from a recognized professional actuarial body
• 3 - 5 years of actuarial experience, with individual life product pricing experience

• Strong knowledge on (i) Singapore RBC2 or similar regulatory framework, and (ii) embedded value
• Good knowledge of Life insurance products in the Singapore market would be an advantage
• Proficient in Prophet

FWD Group