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Group Product Development, Pricing and Portfolio Monitoring (PPP) Lead

Liva Insurance UAE
Dubai, UAE
fulltime
Mid-Senior
Today
DevelopmentGroupMonitoringPortfolioPppPricing
Free

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Overview

The Group Product Development, Pricing and Portfolio Monitoring (PPP) Lead plays a pivotal role in supporting the organization's central oversight of Liva’s multi-line insurance portfolio performance, pricing strategies, and product development initiatives across multiple countries across Liva’s geographical footprint. This position ensures consistency, efficiency, and innovation in actuarial practices, while fostering collaboration between Group and country-level teams. The role involves analytical support in monitoring portfolio risks, developing pricing frameworks, and advancing product strategies to drive sustainable growth and profitability and also actively supports the Group Underwriting, Claims and Reinsurance functions. Ideal candidates are detail-oriented analysts with a strong background in Insurance, Actuarial or Financial Services, capable of handling complex data and cross-functional coordination.

Portfolio Monitoring And Analysis

Monitor and analyze insurance portfolio performance metrics, such as loss ratios, combined ratios, premium growth, and claims trends across countries.

Conduct risk assessments using actuarial techniques, including loss reserving and stress testing, to identify potential exposures and recommend mitigation strategies.

Pricing Framework Development And Implementation

Support the development and implementation of standardized pricing frameworks to ensure consistency across Liva’s operations.

Collaborate with Group and local teams to design pricing guidelines that comply with regulatory requirements while reflecting local market dynamics.

Advanced Pricing Models And Tools

Assist in developing and refining advanced pricing models, methodologies, and actuarial tools tailored to insurance products).

Utilize statistical software (e.g., R, Python, SAS, or Radar/Emblem) and predictive analytics to enhance pricing accuracy and competitiveness.

Collaboration With Country Pricing Teams

Work closely with country-specific pricing teams to ensure alignment of core strategies, facilitate knowledge sharing, and resolve discrepancies.

This involves organizing regular meetings, workshops, and training sessions to promote best practices and harmonized approaches.

Knowledge Sharing And Best Practice Coordination

Coordinate the exchange of learnings and best practices among product development teams regionally.

Act as a central point for documenting and disseminating successful product launches, pricing strategies, and lessons learned from market-specific challenges.

Regulatory And Compliance Support

Ensure pricing and product development activities comply with local and international insurance regulations.

Maintain detailed documentation of models, assumptions, and decisions for regulatory audits and reporting.

Cross-Functional Support: Actively

collaborate with other departments such as underwriting, claims, reinsurance, finance, compliance, and IT to integrate pricing and product strategies into broader business operations.

Provide analytical support for strategic projects, mergers, or market expansions.

Data-Driven Insights And Reporting

Produce detailed reports and dashboards for senior management, highlighting portfolio performance, pricing trends, and product development outcomes.

Leverage data visualization tools (e.g., Tableau, Power BI) to communicate complex actuarial insights effectively.

Continuous Improvement And Innovation

Identify opportunities to enhance pricing and product development processes through automation, AI-driven analytics, or new actuarial methodologies.

Support the adoption of cutting-edge technologies to improve efficiency and decision-making.

Knowledge / Capabilities / Competencies / Skills Required

Technical Skills

  • Proficiency in actuarial modeling, statistical analysis, and data manipulation using tools like Excel, Python, Radar/Emblem or specialized actuarial software.
  • Familiarity with insurance-specific data analytics, such as claims triangulation, experience rating, and credibility theory.
  • Experience with advanced analytics, such as GLMs and machine learning applications in pricing or predictive modeling.
  • Familiarity with portfolio management concepts, including risk diversification, reinsurance, and performance metrics.

Analytical And Problem-Solving Competencies

  • Strong ability to analyze large datasets, identify trends, and derive actionable insights for portfolio optimization.
  • Capability to perform complex actuarial calculations, such as stochastic modeling or scenario analysis, under tight deadlines.
  • Critical thinking to balance global standardization with local market needs in pricing and product strategies.
  • Communication and Collaboration
  • Excellent communication skills to explain actuarial concepts and pricing recommendations to non-technical stakeholders, including underwriters and senior management.
  • Proven ability to work effectively in multinational teams, fostering collaboration across diverse cultures and time zones.
  • Experience facilitating knowledge-sharing initiatives, such as training sessions or cross-country workshops.

Project Management

  • Competence in managing multiple priorities, with strong organizational skills and attention to detail.
  • Ability to coordinate initiatives across geographies, ensuring timely delivery and alignment.
  • Adaptability and Innovation
  • Proactive approach to adopting new technologies, such as machine learning for claims prediction or pricing optimization.
  • Flexibility to navigate evolving regulatory landscapes and market conditions in the insurance industry.

Language Proficiency

  • Fluency in English is mandatory.
  • Proficiency in Arabic is a plus.

Educational Qualifications

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field. A Master’s degree or progress toward actuarial qualifications (e.g., ASA, FSA, FIA, or equivalent) is highly preferred.

Professional Experience

  • Minimum of 5-7 years of experience in actuarial pricing, portfolio monitoring, or product development within the insurance industry (e.g., life, health, P&C, or reinsurance).
  • Prior experience in a central or group-level role supporting multiple countries is a strong advantage.
  • Demonstrated involvement in pricing model development or product innovation is essential.

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