Corporate Pricing Analysis - Riyadh, المملكة العربية السعودية - Bupa Arabia
وصف
Provide precise assessment of risk to support Relationship Team in achieving the highest retention rates for profitable business.- Estimate the impact of product changes on the contract performance and revise premiums accordingly.
- Agree on final corporate renewal rates.
- Discuss, negotiate and explain quotations and technical results to Relationship Team to ensure complete understanding and agreement on final prices and product changes.
- Revisit the benefits of high loss ratio accounts and recommend product changes and/or adequate price increases to enhance profitability.
- Evaluate the risk profile and set the adequate premiums using the pricing model and product specifications provided by the Account Managers.
- Follow the pricing policy guidelines to consider and approve additional benefits over and above the regulated CCHI policy.
- Coordinate with the corporate renewal pricing team to ensure accurate interpretation of results.
- Adjust periodically the pricing model and the loading factors according to the provider trends and their movements among the networks.
- Prepare related Cognos reports.
- Manage the pricing of new products and set the appropriate risk controls and contribution margins.
- Manage the automated and ad hoc reports (frequent users report, management information report) and ensure that they are in line with projected technical results.
- Provide the Relationship Team with customized reports that evaluate contracts past experience and attribution.
- Manage the monthly reports and provide updates of department KPI's (retention rate, price increases )
- Conduct simulations and reports to support management in setting the pricing strategy.
- Initiate automation and digitization pricing and reporting activities.
- Leverage technology solutions to further strengthen the pricing control environment.
Skills:
- Quantitative analysis.
- Accounting, Finance, and exposure to Underwriting and/or Insurance Industry.
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