Yuh Bin Lim

Pricing Team (2022 - Current)

• Collaborated with product development, underwriting, and finance teams etc. to design competitive and sustainable insurance products.
• Set and review pricing assumptions, including mortality/morbidity, lapses, expenses, and investment returns, based on experience studies and market benchmarks.
• Performed profit testing and sensitivity analysis under various scenarios to assess product profitability, risk margins, and solvency implications (e.g., under IFRS17).
• Conducted experience studies and profitability analysis to support product development and portfolio management.
• Ensured pricing alignment with IFRS17 frameworks, contributing to the development of contractual service margin (CSM) methodologies and risk adjustment parameters.
• Developed and maintained pricing models for individual and group insurance products, ensuring compliance with regulatory standards.
• Performed User Acceptance Testing (UAT) for product implementation systems and validated Prophet model to ensure accurate pricing and compliance with regulatory requirements.
• Prepared detailed pricing reports and documentation for internal approvals, regulatory submissions, and reinsurance negotiations.
• Handled ad-hoc tasks related to policy servicing, including responding to inquiries from internal teams and external customers.

IFRS17 Team (3 months)

• Assist with the preparation of IFRS17 reporting deliverables, including data validation, reconciliation, and documentation.
• Develop and execute VBA scripts to automate data compilation and processing tasks.
• Maintained clear documentation of all work performed, ensuring easy access for future reference or audits.

Reinsurance Team (2 months)

• Assisted in evaluating reinsurance treaties and compiling exposure data using Excel and VBA.
• Assisted in preparing detailed claim tables to support insurance claim recovery processes.

Pricing Team (3 months)

• Performed UAT for product implementations and annual premium statement processes to validate system outputs.
• Enhanced pricing spreadsheets by using Excel formulas and integrating VBA-based automation for improved accuracy and workflow speed.