Project Overview

Our client, a leading South African insurance organisation, is seeking an experienced Non-Life Actuarial Specialist to support its product development and commercial insurance activities.

The role requires a technically strong, commercially minded actuary with experience across the end-to-end non-life insurance product lifecycle, including product development, pricing, reinsurance, distribution support, operational implementation and ongoing product management.

The ideal candidate will be a proactive self-starter who can work independently, take ownership of complex actuarial and commercial activities, and collaborate effectively with business stakeholders. Experience spanning both non-life and health insurance would be advantageous.

Key Activities

• Lead and support the end-to-end development of non-life insurance products, from initial concept through to implementation and ongoing management.
• Develop, review and refine actuarial pricing models and methodologies.
• Conduct pricing analyses to support product profitability, competitiveness and commercial sustainability.
• Evaluate reinsurance requirements and support the development of appropriate reinsurance structures.
• Provide actuarial and commercial input into product design, business cases and strategic decisions.
• Collaborate with distribution teams to support product positioning, pricing and market requirements.
• Support the operational implementation of new and existing insurance products.
• Monitor product performance and recommend pricing, design or commercial adjustments.
• Work with underwriting, finance, operations and other stakeholders to ensure effective product delivery.
• Provide independent actuarial analysis and recommendations to senior management.
• Identify opportunities to improve product performance, operational efficiency and commercial outcomes.

Your Background

Essential

• Strong actuarial experience within the non-life insurance industry.
• Demonstrated experience in non-life insurance product development and pricing.
• Understanding of reinsurance and its application to insurance product design and profitability.
• Experience across the insurance product lifecycle, from development and commercial assessment through to implementation and management.
• Strong commercial acumen and ability to translate actuarial analysis into practical business recommendations.
• Experience collaborating with distribution, underwriting, finance and operational teams.
• Strong analytical, modelling and problem-solving capabilities.
• Ability to work independently, take ownership and deliver with minimal supervision.
• Strong stakeholder engagement and communication skills.
• Relevant actuarial qualification or progress towards professional actuarial accreditation.

Desirable

• Experience across both non-life and health insurance.
• Experience developing and managing multiple insurance products.
• Exposure to product distribution strategies and commercial partnerships.
• Experience supporting reinsurance negotiations or structuring.
• Experience within a regulated South African insurance environment.
• Experience leading actuarial projects or mentoring junior actuarial professionals.