Our client in the long term insurance sector is looking for a Specialist in Product Development to assist in development and pricing of new products, and monitor and maintain the profitability of new and existing products.

Description

Assist in developing and pricing products & System design (Individual Life, Direct Marketing and Group Schemes)

• Research of new market developments and generation of new product ideas
• Competitor analysis and feedback from sales staff are used to indicate areas where product development is required
• Research product feasibility including administration requirements
• Check compatibility with business ethics
• Assist in the finalization of recommendations to the Life Actuarial Committee
• Perform pricing for target profitability and expense recoupment and assist in the obtaining of Actuarial Certificate from Statutory Actuary.
• Prophet work done with Actuarial Valuat...