Product and Pricing Actuary

Allianz Digital Health GmbH (ADH) is a Munich, Germany based subsidiary of Allianz SE.

ADH has a dual mission: Developing cloud-based software applications for Health insurance and supporting Allianz units world-wide in optimizing their Health insurance business along the value chain.

What does it take to develop outstanding software or to support Health insurance executives globally to achieve lasting success in their business?
It takes a lot. We are looking for people with dedication, knowledge, and curiosity. For people who want to learn and work in a truly exceptional team.

If you feel inspired by the idea to tackle some of the hardest intellectual challenges in the industry and see your code, algorithms and professional advice having tangible impact at Allianz units worldwide, ADH is the right place for you.

Tasks

• Work with an experienced team of Health actuaries to develop and implement innovative product and pricing solutions for Health insurance products across diverse global markets.
• With a strong problem solving and analytical acumen, understand the existing business challenges and develop data driven solutions that may go beyond the existing practices in a highly dynamic and fast paced environment.
• You bring your knowledge to bear to analyse and model data, calculate cost trends and identify risk factors.
• You support Allianz units worldwide in pricing of Health coverages and rolling out our pricing solutions.
• Effectively communicate with various internal and external stakeholders to convey complex actuarial concepts and analysis into understandable insights.
• Stay abreast of the market dynamics and regulatory changes across various countries to adjust the pricing strategies accordingly.
• Ultimately, you have an impact on how Allianz is positioned in Health globally.

Requirements

• Educational Background: Master degree in Mathematics, Statistics, Actuarial Science, Economics, Data Science, or a closely related quantitative field.
• Professional Experience: Proven experience as a pricing actuary in Health or Property & Casualty (P&C) insurance, with a focus on data-driven pricing strategies.
• Technical Expertise: Advanced proficiency in statistical modeling techniques, including Generalized Linear Models (GLMs), Generalized Additive Models (GAMs), and related methodologies. Familiarity with modern machine learning approaches such as Gradient Boosting Machines (GBMs), Random Forests, or comparable algorithms is a valuable plus.
• Programming Skills: Hands-on experience with data analysis and modeling using R (preferred) or Python.
• Analytical Thinking: Strong problem-solving capabilities to address complex issues related to product development and pricing.
• Adaptability: Comfortable working in a dynamic environment with evolving business needs and market trends.
• Ownership & Initiative: Highly self-organized with a proactive approach to managing tasks and delivering results independently.
• Communication: Excellent verbal and written communication skills in English

Benefits

• You work in a fun team of highly motivated and knowledgeable colleagues with diverse backgrounds who support each other and celebrate success as a team.
• You will have business impact and see the results of your work in markets across the world.
• You enjoy Allianz Group benefits while at the same time working in a start-up culture with great flexibility in working style, freedom to shape your working environment, a super-flat hierarchy and fast decision-making processes.
• You can balance your work and other commitments with flexible working hours and the chance to regularly work from home.

The Office is located in Munich-Riem (Willy-Brandt-Platz 3; Messestadt West U2).

We would love to have you join our team and look forward to your application!