Actuarial Product Owner, AI Pricing

About the Opportunity

We are partnering with a leading technology innovator that is transforming the life insurance industry through AI-driven solutions. As part of an ambitious initiative to build an AI-powered Product Factory for insurers, they are seeking an experienced Actuarial Product Owner, AI Pricing to lead the vision and development of a next-generation AI pricing platform.

This is a unique opportunity for a senior life insurance actuary who combines deep pricing expertise with a passion for technology, AI, and product innovation. You will work at the intersection of actuarial science, artificial intelligence, and product management, helping shape solutions that redefine how insurers design, price, and launch products.

The Role

The AI Pricing platform is designed to support actuaries throughout the product pricing lifecycle, from product design and assumption validation to model execution, scenario testing, and documentation.

As the Actuarial Product Owner, you will own the product strategy, roadmap, and delivery of the AI Pricing solution. Acting as the bridge between actuarial stakeholders and technology teams, you will ensure the platform accurately reflects real-world pricing processes while meeting governance, regulatory, and quality standards.

This role is ideal for an experienced pricing actuary looking to transition into product leadership or further expand their influence within technology-enabled transformation initiatives.

Key Responsibilities

Product Strategy & Ownership

Define and own the vision, roadmap, and priorities for the AI Pricing platform.

Translate actuarial pricing workflows into user stories, business requirements, and acceptance criteria.

Prioritise product features, balancing client needs, platform scalability, and risk management considerations.

Manage the product backlog and drive successful delivery outcomes.

AI Solution Quality & Validation

Establish testing frameworks and success criteria for AI-driven pricing use cases.

Define validation standards, expected outcomes, and performance benchmarks.

Assess readiness for production deployment and make release recommendations.

Ensure the solution delivers measurable value beyond standard AI tools.

Actuarial & Pricing Expertise

Provide subject matter expertise on life insurance pricing methodologies and pricing models.

Support onboarding of new pricing models, products, and actuarial frameworks.

Work closely with actuarial stakeholders to capture pricing logic, assumptions, and governance requirements.

Stakeholder & Programme Management

Coordinate across actuarial, engineering, AI, architecture, testing, and client teams.

Manage dependencies, risks, and stakeholder expectations across multiple workstreams.

Partner with Chief Actuaries, pricing teams, IT functions, and model governance stakeholders.

Communication & Executive Engagement

Translate complex actuarial concepts into clear business and technology requirements.

Present product progress, demonstrations, and strategic recommendations to senior leadership.

Produce high-quality documentation including requirements, release notes, and decision papers.

Governance & Risk Management

Ensure AI-generated outputs are transparent, traceable, reproducible, and auditable.

Support adherence to actuarial governance, model risk management, and regulatory requirements.

Promote responsible AI practices across pricing and actuarial workflows.

What We're Looking For

Essential Requirements

Qualified or nearly qualified Actuary (FSA, FIA, FIAA or equivalent).

10+ years of experience within life insurance actuarial functions, pricing, modelling, or actuarial technology.

Strong hands-on experience with life insurance pricing models and actuarial software.

Deep understanding of

Product pricing

Profit testing

Reserving methodologies

Capital and RBC frameworks

IFRS 17 fundamentals

Product development and regulatory filing processes

Proven experience working closely with technology, modelling, or software development teams.

Strong stakeholder management and cross-functional leadership capabilities.

Excellent written and verbal communication skills with both technical and executive audiences.

Experience using AI and LLM-based tools, with a practical understanding of their strengths, limitations, validation, and governance requirements.

Highly Desirable

Experience with actuarial software providers or consulting environments, particularly:

Prophet (FIS)

Moody's AXIS

MG-ALFA

RiskAgility

Other actuarial modelling platforms

Product Management or Product Owner experience.

Exposure to transformation or digital innovation initiatives.

Experience working with life insurers across Asia.

Knowledge of participating, unit-linked, universal life, or investment-linked products.

Basic Python or SQL skills.

Why Consider This Opportunity?

✅ Shape the future of AI in insurance pricing

✅ Work at the cutting edge of actuarial technology and product innovation

✅ Collaborate with senior actuarial, technology, and business leaders across Asia

✅ Influence the development of a market-leading AI platform

✅ Combine deep actuarial expertise with strategic product leadership

If you are a senior life actuary passionate about AI, technology, and transforming the future of insurance pricing, we'd love to hear from you. Feel free to write in to [email protected]