Actuarial Pricing

24 hours ago


Jakarta, Indonesia FWD Insurance Full time

PT FWD Insurance Indonesia (“FWD Insurance”), a joint-venture insurance company and a part of FWD Group, previously known as PT Commonwealth Life, has successfully merged with PT FWD Life Indonesia (“FWD Life”) as of 1 December 2020 and will be known as FWD Insurance.

The merger of FWD Life and FWD Insurance has led to a more comprehensive range of products, including unit-linked insurance, individual & group term life insurance, individual & group personal accident insurance, and group medical insurance through technology driven-distributions such as agency, bancassurance, e-commerce, and corporate.

FWD Insurance is registered and supervised under Otoritas Jasa Keuangan (“OJK”).

FWD Insurance is a member of Indonesia Financial Services Alternative Dispute Resolution Center.

Actuarial Pricing will be responsible to support Head of Pricing Actuary for Preparing Rate, Product Approval Report, Reinsurance agreement, Pricing Analysis (VoNB, Profit Margin, Break-even Year, Internal Rate of Return) for Product Pricing Department accurately in timely manner.

This person accountable to:
- Develop Initial Product Pricing and assure assumptions aligning across product including discussion and negotiation with Distribution Channel.- Support Pricing Actuary initiative related to new products development- Managing product pricing profitability indicator to meet company requirement.- Performing product pricing process through product filling documentations, expense allowable, sales illustrations, product assumptions - distribution mix, mortality/morbidity, interest rate, lapse rate) to support business objective- Assessing impact on profitability for any assumption changes in timely manner.


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