Current jobs related to Actuarial Analyst - UAE - Allianz Partners

We are Allianz Partners. The leader in assistance and insurance solutions in the areas of international health, assistance, automotive and travel insurance. Allianz Partners is a global family of over 19,000 employees across 78 countries. This role is in the International Health part of the business, which has a number of well-known customer facing brands such as Allianz Care, Nextcare and Medi24.

The International Health line of business provides international health, life and disability insurance and services, reinsurance and administration services to a wide range of customers. These include multinational companies, intergovernmental organisations (IGOs), non-governmental organisations (NGOs), private individuals, families and students. Our mission is to ensure that customers have access to quality healthcare through our support, care and commitment to go the extra mile. We are a truly global health partner for our customers, ensuring fast and simple access to the best advice, treatment and value for our customer.

**Summary**:
The Actuarial Analyst will provide strategic, commercial, and underwriting advice by evaluating and managing underwriting risks associated with policies. The incumbent will be responsible to analyze statistical data and construct probability tables to forecast risk and liability for the portfolio

**Main Task**:

- Carries out pricing calculations for proposed new tenders for the Group business, re-pricing of existing business, and review relevant documents in a timely manner, having regard to risks accepted and maintaining document quality.
- Develops, maintains and supervises/uses generic pricing models and quotation database.
- Conducts quantitative and qualitative research into medical and trauma related events to ensure insurance products are priced accurately and relevant parties informed of future product development trends.
- Recommends pricing that meets corporate profitability targets, including negotiated exceptions up to the level of delegated authority.
- Manages quotation process for reinsurance tenders and campaigns, and supports negotiations.
- Maintains case files of insurance products and scheme pricing decisions and assumptions.
- Gathers and analyzes background information and statistical data to determine probability of risks or financial impact.
- Ascertain premium rates required and liabilities necessary to ensure payment of future benefits.
- Computes results for appropriate premiums using actuarial information and other statistics;
- Determines policy contract provisions and specifying conditions to be imposed for all types of insurance.
- Keeps detailed and accurate records of policies underwritten and decisions made.
- Assists in the development of new products.
- Assures continuous technical profitability to risk carriers (insurance & reinsurance companies).
- Provides continuous and effective visibility to risk carriers on their portfolio status.
- Pricing Review/Analysis/Development.
- Provides early warnings and issue recommendations on corrective measures.
- Collaborates with reinsurers, underwriting community of the group, programmers, local underwriters, accounts, claims experts, and senior management to help internal departments have best practices.

**Minimum Requirements**:

- Bachelor’s degree ;Certification in Actuarial Science background preferred.
- 3+ years of related experience.
- Physically fit to carry out duties.

**Job Level**:
Professional

**Location**:

- AE**Available until**:
28/02/2023

**Area of Expertise**:
Actuarial

**Unit**:
Allianz Partners

**Employing Entity**:
NEXTCARE Claims Management LLC

**Job Type**:
Full-Time

**Remote Job**:
Not applicable

**Employment Type**:
Permanent

**ID**:
21512