Actuarial Manager, Virtual Insurance

Updated 2 days ago

Job Description

OneDegree is an InsurTech company, with a virtual insurer license granted by the Hong Kong Insurance Authority in 2020. Since then, we have grown quickly into the leading Hong Kong virtual insurer with an ambition to bring consumers a seamless and instant insurance and claim experience through technology. We currently offer multi-line digital insurance products, including pet, medical, fire and home insurance for individuals, and cyber security and digital asset insurance for enterprise businesses.

Want to join us and make a change? We are looking for an Actuarial Manager in building great General Insurance (for personal lines) and Health Insurance products that protect our customers and their loved ones!

If you love building winning products, come and join our team!

How to apply

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What you will be doing:

This role will have the dual responsibility of supporting the Actuarial function (reporting to a Senior Actuary) in two areas:

Product Development, Pricing and Analytics:

  • Develop and/or modify existing pricing methods, assumption development, or profitability measurements as required to keep methodologies relevant in light of changes in regulations, market conditions, capital or accounting standards
  • Develop product proposition and create unique product features to capture market opportunities.
  • Perform regular claims experience analyses by calculating exposures, incidence rates and loss ratios as well as evaluating the reliability of source information of the in-force businesses.
  • Provide pricing support for new distribution deals, new partnership opportunities, or other business development activities.

    Valuation and Capital Management:

    • Manage reserve and valuation models and assumptions for the General Insurance (P&C) businesses including but not limited to premiums, claims, expenses.. These modelling projections are then applied to compute loss ratios and profit margins under different scenarios, allowing management to evaluate the businesses’ financial status and performance.
    • Preparing actuarial-related IFRS 17 deliverables, such as model review, Financial Impact Assessment (FIA), and stress testing of the impact of chosen assumptions and policy choices.
    • Present management reporting around new and existing products and recommend corrective actions or opportunities.
    • Develop monthly IBNR and claim reserves.
    • Advise on Own Risk and Solvency Assessment for required capital and simulate scenario stress testing.
    • Coordinate with reinsurers and third-party administrators to design and define the appropriate risk appetite and the optimum level of retention with the objective of reducing volatility.
    • Review annual renewal of reinsurance treaties and make recommendations on reinsurance strategy.


        What we are looking for:

        • Start-up spirit, eager to grow and bring change to insurance industry.
        • Strong business acumen with good communication and analytical skills.
        • Intelligent, motivated self-starter with strong interpersonal skills and work ethic.
        • University degree with a major in Actuarial Science or Statistics or Mathematics
        • Qualified or part qualified from Internationally recognized Actuarial Institutions such as UK, US and Australia
        • Experience in areas such as data analysis, modelling, pricing and report-writing
        • Proven record in applying actuarial judgement in pricing work and leading discussions with business teams
        • Strong communication skills, both writing and verbal, particularly in relation to business considerations and use of non-technical jargon
        • Possess strong problem solving skills, ability to use judgement in determining solutions for wide ranges of problems, taking into consideration holistic operations of General Insurance company
        • Possess knowledge of the product landscape and reinsurance structures
        • Exposure to structured reinsurance concepts preferred
        • Good business understanding of the product development process and management of product portfolios.
        • Good command of written and spoken English and Chinese
        • Able to work independently as well as contribute effectively as a team player
        • Candidate with 5-8 years of experience is preferable; strong candidate with less experience is also welcome.

          More about us:

          • Fast-growing digital insurer working on innovative products 
          • Young and energetic team 
          • Flat organization structure 
          • Opportunities to grow and shine! 

            To us, people are our greatest asset and we are more than happy to invest in employees! We create a healthy work atmosphere and provide you with the tools and support to do your job successfully.

            We are WAVE makers – WAVE stands for Warrior, Adventurous, Visionary and Efficiency.

            We would like to be an ‘EMPLOYER OF CHOICE’!

            5 years of experience required
            500,000 ~ 1,000,000 TWD / year
            Optional Remote Work
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            About us


            OneDegree 團隊成立於 2016 年,已累計獲得包括 BitRock Capital、數碼港投資創業基金等著名投資機構超過 3,000 萬美元融資。旗下 OneDegree Hong Kong 是首間獲得授權於香港經營虛擬保險業務的科技保險公司,合作夥伴計有慕尼黑再保險及法國再保險等領先業界的再保險公司。旗下另一公司 OneDegree Global 則致力為保險公司和保險服務商提供數位解決方案,為業內領導者打造全新保險體驗。

            核心商業模式 純網路保險: Virtual Insurance

            OneDegree 在 2020 年 4 月取得香港純數位保險執照,經過了前幾年的累積,隔週便在香港推出了純網寵物保險。我們期望能透過數位化,讓使用者在更簡單且透明化的使用平台,了解複雜的保險產品,進而改變使用者對於保險的刻板印象外,更能利用保險讓生活更有保障。

            SaaS Product: IXT

            除了透過純數位保險改變一般人對保險的使用體驗外,從核心的角度協助保險產業數位轉型,是推動產業轉型非常重要的一環,因此我們推出協助保險產業革新的 SaaS 產品 — IXT。

            我們期望透過 IXT,協助產業優化營運效率,從保險產品的源頭到結尾,利用模組化功能協助企業在開始的保險產品配置及設定、核保自動化,到保單週期管理與理賠,另外,也能協助保險行銷活動管理。

            CaaS Platform: Cymetrics

            OneDegree 身為金融科技公司,是格外重視資訊安全佈局的,在資安議題日益關注的現況,我們觀察到市場對於資訊安全的需求,因此推出了資安即服務(Cybersecurity as a Service)平台,協助企業評估資安風險,提升資安曝險的可視性並以更敏捷及彈性化的方式管理資安風險。同時也經營著 Cymetrics Tech Blog,分享資訊安全與技術開發相關內容。

            更認識我們:OneDegree Tech Blog 

            在這個技術部落格我們將會分享更多關於 OneDegree 的技術分享,歡迎你來與我們激盪更多技術交流!


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            Entry level
            28K ~ 35K TWD / month

            Mid-Senior level
            1M ~ 1.5M TWD / year

            Mid-Senior level
            840K ~ 1.68M TWD / year