Jubilee Insurance invites applications from highly qualified and visionary professionals for the position of Head of Actuarial, Product Innovation & Pricing within its subsidiary, Jubilee Health Insurance Limited (JHIL). This is a senior executive leadership role with high-level responsibility for the design, governance, and strategic direction of medical insurance products and pricing, underpinned by data science, actuarial modelling, and market insight.
About Jubilee Insurance
Established in 1937, Jubilee Insurance is East Africa’s leading composite insurer with operations spanning Kenya, Uganda, Tanzania, and Burundi. Headquartered in Nairobi, Jubilee Insurance serves over 1.9 million clients, offering a comprehensive suite of Life, Medical, General, and Pensions insurance solutions. We are the only insurance group in East Africa listed on all three regional stock exchanges – the Nairobi Securities Exchange, the Uganda Securities Exchange, and the Dar es Salaam Stock Exchange.
Renowned for innovation, financial strength, and a strong ethical foundation, Jubilee Insurance has continued to set industry benchmarks across the region. For further insights into our work and impact, visit our website at www.jubileeinsurance.com.
We are now seeking a commercially astute and analytics-driven leader to join our executive leadership team in an influential role that will shape the future of medical insurance across the region.
Position: Head of Actuarial, Product Innovation & Pricing
Job Reference Number: JHIL182
Reporting To: Chief Executive Officer (Jubilee Health Insurance Limited)
Application Deadline: 30th July 2025
Role Purpose
The Head of Actuarial, Product Innovation & Pricing will serve as a key strategic partner to the CEO and Board, tasked with transforming actuarial insights into actionable product and pricing strategies that align with the company’s vision for sustainable growth, market leadership, and client-centric innovation. This role requires a forward-thinking actuary with strong leadership skills, a deep understanding of medical insurance markets, and expertise in regulatory reporting and product design.
The successful candidate will lead a high-performing actuarial team and collaborate across departments to embed analytics, innovation, and strategic foresight into pricing decisions, product development, reserving, and risk management. This is a critical role that combines thought leadership with hands-on technical and commercial oversight.
Key Responsibilities
1. Strategic Leadership & Actuarial Governance
- Provide visionary actuarial direction for all medical insurance portfolios.
- Act as the principal actuarial advisor to the CEO and Board, simplifying complex actuarial issues for strategic decision-making.
- Lead the organization’s actuarial compliance with regulatory standards, including IRA guidelines and IFRS 17 implementation.
- Represent Jubilee Health Insurance in professional actuarial associations and regulatory engagements.
2. Product Development & Innovation
- Spearhead the ideation, research, testing, and roll-out of new medical insurance products tailored for various customer segments including youth, gig workers, chronic disease patients, and more.
- Pioneer modular, tiered, and tech-enabled health insurance plans.
- Integrate wellness and digital health initiatives into product designs in collaboration with underwriting, digital, and clinical teams.
- Scan global and regional markets to identify emerging trends and integrate relevant innovations into product offerings.
3. Pricing & Portfolio Profitability
- Design and refine pricing models that are both actuarially robust and competitively aligned with business objectives.
- Conduct regular pricing reviews based on actuarial performance indicators such as claims experience, market shifts, and underwriting profitability.
- Offer strategic pricing intelligence to distribution and business development teams.
- Ensure pricing methodologies promote sustainable growth while meeting loss ratio and underwriting targets.
4. Actuarial Analytics & Business Intelligence
- Build a forward-looking actuarial analytics team leveraging predictive modelling, machine learning, and advanced data visualization tools.
- Develop and maintain dynamic dashboards to monitor product performance and pricing efficiency.
- Collaborate with data and ICT departments to strengthen data governance, enhance model infrastructure, and improve data integrity.
- Deliver high-impact business insights through scenario modelling, forecasting, and sensitivity analysis.
5. Reserving, Reporting & Risk Management
- Oversee reserving processes to ensure accuracy and timeliness in compliance with IFRS 17 and local regulations.
- Lead the preparation and presentation of actuarial reports for internal stakeholders, external auditors, and regulatory authorities.
- Contribute to enterprise risk management by identifying, modelling, and assessing key insurance risks.
- Work closely with the Finance team to ensure alignment between actuarial valuations, budgeting, and capital planning.
6. Leadership, Talent Development & Stakeholder Engagement
- Build and mentor a high-caliber actuarial team with strong technical competencies and business acumen.
- Drive talent development through structured mentorship, professional development plans, and a performance-driven culture.
- Collaborate cross-functionally with underwriters, finance, marketing, compliance, and executive teams to align on strategy and implementation.
- Maintain active engagement with strategic partners, reinsurers, auditors, and regulators on actuarial, technical, and commercial issues.
7. Brand Representation & Actuarial Integrity
- Serve as an influential ambassador of Jubilee Health Insurance’s actuarial excellence, contributing to its position as a thought leader in the insurance market.
- Promote transparent pricing, product governance, and data-driven culture internally and externally.
- Participate in industry events and innovation panels to elevate Jubilee’s visibility in actuarial and health insurance arenas.
8. Compliance and Regulatory Integrity
- Ensure end-to-end compliance with all relevant actuarial and insurance regulations including those from the Insurance Regulatory Authority (IRA) and International Financial Reporting Standards (IFRS 17).
- Establish and maintain internal actuarial controls, policies, and governance frameworks.
- Proactively identify and manage actuarial-related risks including regulatory, reputational, and operational exposures.
Key Competencies and Attributes
To succeed in this role, the candidate must demonstrate a combination of strong technical capabilities, strategic insight, and leadership effectiveness. Key competencies include:
- Strategic Actuarial Insight: Ability to translate actuarial knowledge into business growth strategies, product positioning, and pricing leadership.
- Product Innovation & Market Differentiation: Capable of leading disruptive, tech-integrated product solutions while managing risk, compliance, and customer value.
- Regulatory and Technical Governance: Proven expertise in maintaining actuarial reporting standards in line with IFRS 17 and industry regulations.
- Leadership in Data & Analytics: Experience with advanced modelling techniques, predictive analytics, and development of scalable analytics platforms.
- Executive Communication & Stakeholder Influence: Strong capability to communicate technical matters to non-actuarial audiences and to build consensus across diverse stakeholder groups.
Academic and Professional Qualifications
- Master’s degree in Actuarial Science, Finance, Health Economics, Data Science, or a related field.
- Bachelor’s degree in Actuarial Science or a related discipline.
- Fully qualified actuary with certification from a recognized actuarial body.
Relevant Experience
- A minimum of 10 years of progressive actuarial experience, preferably within a health insurance environment.
- At least 4 years in a senior leadership or strategic role within actuarial or product domains.
- Demonstrated expertise in product pricing, actuarial analytics, and IFRS 17 implementation.
- Strong command of actuarial software and data analytics tools.
- Solid understanding of Kenya’s health insurance regulatory framework and market trends.
Why Join Jubilee Insurance?
This role offers a unique opportunity to shape the health insurance landscape across East Africa, working at the intersection of actuarial science, innovation, and business strategy. As Head of Actuarial, Product Innovation & Pricing, you will play a pivotal role in leading sustainable growth through intelligent design, prudent pricing, and client-centered product development.
You will be joining a high-performance organization that values ethical leadership, continuous learning, and customer-driven innovation. Jubilee Insurance fosters a culture of excellence and offers a dynamic environment for actuarial professionals to thrive and lead change.
How to Apply
If you are a strategic and innovation-driven actuarial leader ready to make a significant impact in the insurance sector, we encourage you to apply.
Submit your comprehensive CV and cover letter to:
Email: [email protected]
Subject Line: Application for Head of Actuarial, Product Innovation & Pricing – JHIL182
Application Deadline: 30th July 2025
Only shortlisted candidates will be contacted.
Join us in redefining the future of health insurance through actuarial excellence, innovation, and data-driven leadership.
