Jubilee Insurance, East Africa’s leading composite insurer, is proud to announce an exciting executive-level opportunity for visionary actuarial professionals. We are inviting applications for the position of Head of Actuarial, Product Innovation & Pricing within Jubilee Health Insurance Limited (JHIL). This is a strategic role that reports directly to the Chief Executive Officer, placing the right candidate at the forefront of innovation, analytics, and product leadership in the regional health insurance sector.
About Jubilee Insurance
Established in August 1937, Jubilee Insurance became the first locally incorporated insurance company headquartered in Mombasa, Kenya. Over the decades, it has grown to become the largest composite insurer in East Africa, operating in Kenya, Uganda, Tanzania, and Burundi. With over 1.9 million clients and an unwavering commitment to excellence, Jubilee Insurance remains a leader in Life, Pensions, General, and Medical Insurance.
Jubilee is the only ISO-certified insurance group listed across three stock exchanges: the Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange (DSE), and Uganda Securities Exchange (USE). This status reflects the company’s financial integrity, innovation, and trustworthiness across the region. For more information about Jubilee’s operations and values, please visit www.JubileeInsurance.com.
Role Purpose
The role of Head of Actuarial, Product Innovation & Pricing is designed for an analytically sharp, commercially grounded, and innovative actuarial executive who can lead and transform Jubilee’s health insurance portfolio. The ideal candidate will serve as a strategic advisor to the CEO and Board, and will lead initiatives that convert actuarial insight into cutting-edge product development and market-responsive pricing strategies.
This role demands more than technical proficiency. It requires a leader with deep experience in medical insurance, IFRS 17 compliance, actuarial reserving, product innovation, and data-driven decision-making. You will be responsible for guiding the actuarial team and collaborating across departments to ensure sustainable underwriting margins, regulatory compliance, and strategic alignment with market needs.
Key Responsibilities
The position comprises eight core areas of responsibility:
1. Strategic Leadership & Actuarial Governance
- Provide company-wide actuarial leadership with a focus on all medical insurance lines.
- Advise the CEO and Board with data-backed actuarial insights to guide strategic planning and product development.
- Ensure total compliance with regulatory requirements, especially those set by the Insurance Regulatory Authority (IRA) and in adherence to IFRS 17.
- Represent Jubilee Health at regulatory meetings, actuarial association forums, and industry events promoting innovation and professional standards.
2. Product Development & Innovation
- Spearhead the ideation and launch of new medical insurance products tailored to market needs.
- Develop modular, tiered, and tech-enabled health plans for emerging segments such as the youth, gig economy, and chronic care management.
- Integrate wellness programs, preventive healthcare, and digital health solutions into the product suite.
- Foster a culture of product innovation by monitoring global and local market trends and translating them into viable products.
3. Pricing & Portfolio Profitability
- Develop, implement, and continually refine pricing models that are both actuarially sound and competitively positioned.
- Regularly evaluate the adequacy of pricing structures based on evolving claims experience, competitor movements, and economic indicators.
- Collaborate with business development and distribution teams to deliver pricing strategies that boost market penetration while maintaining profitability.
- Advise corrective pricing strategies where loss ratios exceed targets or market dynamics change.
4. Actuarial Analytics & Business Intelligence
- Establish and manage a cutting-edge actuarial analytics unit employing tools such as predictive modelling, machine learning, and data visualization.
- Drive the development of dashboards, forecasting tools, and analytical reports for executive decision-making.
- Collaborate with ICT and data management teams to ensure clean data, robust governance, and infrastructure for scalable actuarial modelling.
- Provide strategic forecasts and risk-based scenario modelling to help shape forward-looking business decisions.
5. Reserving, Reporting & Risk Management
- Oversee actuarial reserving and valuation functions in accordance with IFRS 17 and statutory requirements.
- Prepare and submit high-quality reports to auditors, regulators, and internal governance bodies.
- Support the company’s Enterprise Risk Management (ERM) strategy by assessing solvency needs and insurance risk models.
- Align financial and actuarial reporting with capital planning, working closely with the Finance team to ensure cohesive projections.
6. Leadership, Talent Development & Stakeholder Engagement
- Lead and mentor a highly skilled actuarial team, encouraging a culture of integrity, learning, and performance excellence.
- Develop internal talent through mentorship, career planning, and succession management.
- Engage collaboratively with underwriters, marketers, clinicians, IT, and compliance professionals to ensure actuarial strategies align with cross-functional goals.
- Represent the company in engagements with reinsurers, auditors, industry partners, and other key stakeholders on complex technical and commercial issues.
7. Jubilee Health Brand Promotion
- Serve as a public-facing ambassador of Jubilee Health’s actuarial and analytics excellence.
- Enhance the brand by promoting transparency in pricing, innovation in products, and disciplined technical governance.
- Represent the company at industry events, innovation roundtables, and policy forums focusing on actuarial development and product leadership.
8. Compliance and Internal Controls
- Guarantee adherence to statutory and actuarial standards, including IRA requirements, IFRS 17, and other regulatory policies.
- Support risk and compliance units in strengthening internal control frameworks relating to pricing, actuarial reserves, and product governance.
- Develop and institutionalize robust actuarial methodologies, governance frameworks, and risk monitoring mechanisms to safeguard organizational integrity.
Key Competencies Required
The ideal candidate will possess the following competencies:
- Strategic Actuarial Insight: Ability to apply actuarial principles to strategic business problems, including product and pricing strategy.
- Innovation in Product Development: Proven ability to design distinctive insurance products that are both compliant and commercially viable.
- Regulatory and Technical Governance: Solid understanding and implementation of regulatory and accounting standards including IFRS 17.
- Leadership in Data & Analytics: Ability to build and manage a high-performing analytics team; familiarity with advanced modelling techniques and data tools.
- Stakeholder Engagement: Strong communication skills, particularly in translating technical actuarial concepts into business-oriented language for executives, regulators, and partners.
Qualifications and Professional Requirements
- Master’s Degree in Actuarial Science, Finance, Statistics, Data Science, Health Economics, or a closely related discipline.
- Bachelor’s Degree in Actuarial Science or a related quantitative field.
- Full actuarial qualification from a recognized international or regional actuarial body (e.g., IFoA, SOA, or equivalent).
Relevant Experience
- A minimum of 10 years of progressive actuarial experience, with at least 4 years in senior leadership, preferably within health or general insurance.
- Strong track record in pricing, product development, and IFRS 17 implementation.
- Advanced proficiency in actuarial software and modelling platforms.
- Deep understanding of Kenya’s health insurance regulatory landscape and market trends.
Why Join Jubilee Health Insurance?
Joining Jubilee means becoming part of a mission-driven, innovation-led company that continues to redefine health insurance in East Africa. As the Head of Actuarial, Product Innovation & Pricing, you will help lead the next phase of transformation in health insurance solutions—driven by analytics, inclusivity, affordability, and sustainability.
You will operate at the intersection of data science, insurance, and healthcare, helping to create high-impact products that respond to both modern customer expectations and evolving market dynamics. This is more than just a leadership role—it is a chance to influence the future of health insurance in the region and beyond.
Application Instructions
If you are a strategic, innovation-driven actuarial leader ready to shape the future of medical insurance through data, analytics, and product excellence, we invite you to apply.
Kindly submit your detailed CV and cover letter to:
Please ensure you quote Job Ref. No: JHIL182 and indicate the position title clearly in your application subject line.
The application deadline is 30th July 2025.
Only shortlisted candidates will be contacted.
