About FWD Group
FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.
For more information, please visit www.fwd.com
Job Purpose
Ensure actuarial governance standards are maintained through consistent compliance with internal and external requirements. Coordinate and monitor reinsurance activities to support operational needs. Assist in supporting CATO initiatives, including new or ad-hoc requirements, by guiding team execution.
Key Responsibilities:
Actuarial governance
Support the overall management of actuarial governance framework, ensure compliance with internal and external requirements by coordinating with the relevant teams. (e.g. GWS, ICFR, GO policy/guidelines, OIC requirements).
Collaborate with the pricing and internal actuarial teams to review actuarial aspects of new products, and support the preparation of actuarial summaries in the Product Approval Request (PAR) for submission to CATO
Actuarial assumption setting
Conduct expense studies and develop best estimate assumption, including IFRS17 classification.
Review of compensation scheme for all channels. Ensure the appropriate best estimate assumption is used, consistency between actual and assumption, and assess the impact to key financial metrics.
Reinsurance
Coordinate reinsurance activities including monthly reporting, treaty updates, and stakeholder engagement to ensure operational accuracy and timeliness.
Review and compile reinsurance reports and commentaries for internal and external stakeholders, ensuring quality and compliance.
Projects
Support new or ad-hoc requirements, new compensation scheme and any assigned projects or lead/support work on high priority deliverables with the Actuarial department.