Insurance Product Development & Pricing (Financial …, Singapore

Location: Other locations: Primary Location Only

Date: 20 Apr 2026

Requisition ID: 1702372

In today’s fast‑evolving financial services landscape, insurers are under pressure to modernise their product portfolios, strengthen pricing sophistication and accelerate time‑to‑market.

As a Business Transformation consultant specialising in Insurance Product & Pricing, you will help insurers translate their strategic aspirations across product development, pricing, and portfolio optimisation into measurable change.

You will work at the intersection of product strategy, pricing and actuarial design, customer value propositions, operating model transformation, and data‑driven decision‑making, partnering with leading insurers to build future‑ready insurance products.

• Work within the Business Transformation team focusing on product strategy, product development operating models, pricing frameworks, portfolio optimisation, and customer value proposition design.
• Support senior leaders in developing client insights, including product portfolio diagnostics, pricing adequacy assessments, profitability and margin analysis, and coverage gap analysis.
• Collaborate across multi‑disciplinary EY teams to develop end‑to‑end solutions that address insurer pain points related to product complexity, pricing effectiveness, margin pressure, regulatory compliance, and speed‑to‑market.
• Prepare high‑quality deliverables such as product and pricing business cases, product operating model designs, transformation roadmaps, and executive presentations tailored to client needs.
• Participate in business development activities, assisting in the creation of proposals, point‑of‑view papers and thought leadership related to insurance product and pricing transformation.
• Form part of project delivery teams, taking ownership of workstreams involving product and pricing analysis, data analysis, problem structuring, stakeholder interviews, and solution design.
• Support change management and implementation activities to ensure successful adoption of new product governance models, pricing methodologies, approval processes, and digital product tools.

• Passion for transforming insurance products and pricing.
• Strong interest in solving commercial, actuarial, and product‑related challenges faced by insurance product and pricing teams.
• Ability to understand both business drivers and technology enablers, including pricing engines, actuarial models, product configuration tools, underwriting rules, and policy administration systems.
• Data‑driven mindset, seeking opportunities to streamline product development and pricing processes.
• Strong analytical and structured problem‑solving skills, linking risk, pricing and profitability insights to commercial outcomes.
• Excellent communication and storytelling skills, translating technical, actuarial or pricing‑related issues into clear, compelling recommendations for senior stakeholders.

• Minimum 9 years of experience in the insurance industry or consulting, ideally in product development, pricing, actuarial, underwriting strategy or portfolio management.
• Strong problem‑solving, quantitative analysis and structured storylining capabilities.
• Excellent communication and stakeholder management skills with proven client‑facing experience.
• Strong experience in business analysis, including assessing product and pricing KPIs such as loss ratios, pricing adequacy, profitability, product performance and persistency.

• Experience working with stakeholders across the insurance ecosystem – Product and Pricing / Actuarial, Distribution, Marketing, Operations, Finance, Technology and Compliance.
• Prior consulting experience in Financial Services, or exposure to product, pricing, or underwriting transformation programmes.
• Knowledge of key challenges faced by insurers today, such as margin compression, product complexity, pricing competitiveness and regulatory scrutiny.

• Competitive compensation package based on performance and contribution.
• Continuous learning opportunities to develop skills for future challenges.
• Flexibility and tools to create meaningful impact on your own terms.
• Transformative leadership support, coaching and confidence building.
• Diverse and inclusive culture empowering your voice and others.