The role holder is responsible for taking a leading role in the delivery of UKLB’s Basis Development for both Protection and Longevity lines of business.
Overview
Key duties (including, but not limited to):
- Leading and delivering individual Basis Development initiatives, including reviews for existing Terms of Trade for both Protection and Longevity as well as the development of new Pricing bases and the biometric elements of new propositions
- Tasks include initial scoping and project planning of individual initiatives and then managing the project to completion
- Directing and checking the work of more junior team members. Aiding in their development/training with the aim to transfer knowledge and skills
- Making best use of internal and external data sources to form proposals. This includes analysing and spotting trends, using judgement where there is uncertainty and quantifying upside and downside risks
Qualifications required:
- Qualified Actuary
Experience required:
- Significant experience in setting biometric assumptions, including dealing with experience analyses and setting base and trend mortality/morbidity assumptions
- Deep understanding of current Protection products as well as their pricing methodologies
- Deep understanding of Longevity reinsurance pricing, including deferred and marital assumptions