About the Job

GIG Gulf, a leading regional insurer in the Middle East and North Africa, is part of the Gulf Insurance Group (GIG). With a strong presence in 13 markets and reported assets of US$ 3.83 billion and $69 million net profit for 2023, GIG Gulf offers a diverse range of insurance products and services. The company operates in the UAE, Oman, Qatar, Bahrain, and has a 50% stake in GIG Saudi.

GIG Gulf emphasizes regional growth, customer experience, and digital transformation. It boasts a diverse and inclusive workforce of over 800 employees from more than 60 nationalities and serves over 1 million customers.

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Job Purpose

Analyze data models and tools, conduct ad hoc analyses, and manage profitable growth in the healthcare insurance portfolio for both corporate and personal plans. Engage with stakeholders and internal areas to contribute to product design, pricing, underwriting, strategy, performance monitoring, and reinsurance across the Gulf region (UAE, Oman, Bahrain, and Qatar).

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Key Responsibilities

Data Analysis:

• Gather, clean, and validate qualitative and quantitative data for analytical and modeling purposes.
• Analyze information to identify variances, trends, and anomalies.
• Explain, highlight, and refer relevant issues to appropriate parties.

Pricing:

• Develop and execute comprehensive pricing strategies for large corporate, SME, and personal lines using GLM-based models.
• Align pricing strategies with company objectives and targets.
• Communicate company strategies and philosophies to team members.
• Ensure effective risk selection and financial controls.

Pricing Tools:

• Develop and implement pricing models, tools, and systems for pricing analysis, decision-making, and optimization.

Portfolio Profitability:

• Analyze existing profitability of products/clients across different channels and segments.
• Highlight early indicators of deviation and provide explanations.

Product Development:

• Provide technical pricing support for new product development outside the current product range.

Regulatory Requirements:

• Support regulatory functions by providing necessary details/data required by regulators on a recurrent or ad hoc basis.

Reinsurance Requirements:

• Collaborate with other teams on reinsurance strategy.
• Manage treaty renewals as per company guidelines and strategy.

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Requirements

Essential:

• Healthcare knowledge.
• Actuarial background in healthcare (pricing or reserving).
• Proficiency in SAS/WPS/SQL coding.
• Advanced skills in MS Office suite.
• Excellent communication skills (written and oral).

Desirable:

• Knowledge of healthcare in GCC countries.
• Experience with EMBLEM/RADAR.
• Proficiency in PYTHON/R.
• Economics/Corporate Finance experience.