Pricing model development both Prophet and Excel
- Develop program to calculate premium and non-forfeiture value for new product
- Build/revise profitability testing model for both excel and prophet including reconcile process
Profitability and Sensitivity test
- Perform indicative pricing for requested product from channel
- Provide profitability analysis and sensitivity test for new and re-pricing product follow latest BE assumption.
Prepare product approval report including preliminary risk analysis.
- Prepare draft product approval reports (PAR) following the latest BE assumptions.
- Provide preliminary risk analysis in PAR preparation.
- Tracking final sign-off PAR by authorized person and documenting for future reference.
Prepare OIC approval report, follow up and coordinate with OIC for all approval process.
- Prepare OIC premium certificate for new product.
- Prepare the draft version of policy contract wording and distribute to concerned departments for review.
- Prepare the final version of OIC document after internal review/sign-off, submit to OIC, follow up and coordinate with OIC for approval process.
- Liaise with OIC person in related to filing issue.
- Coordinate with project team as product’s representative and feedback key issues.