Singapore
Ming Soon is a Director of Health Actuarial at Reinsurance Group of America, Incorporated (RGA), a leading global provider of life and health reinsurance solutions. He has almost two decade worth of experience in the insurance and reinsurance industries, specializing in product pricing, product development, strategy, and project management for life, health, and group insurance and reinsurance in the Southeast Asia market. He oversees the South East Asian Health quotation process and provides actuarial support for the execution of RGA product development initiatives. He has successfully launched insurance products in Singapore, Malaysia, Indonesia, Thailand, Vietnam, Philippines, and Brunei, demonstrating his familiarity with various local regulatory requirements and his deep understanding of the latest developments and innovations in the industry. He is passionate about delivering the best solutions to the business and clients. He is native in Mandarin and fluent in English and Malay.
• Managing the SEA health pricing team in Singapore and supervising the SEA health pricing team in Malaysia. • Reviewer and approver of health insurance quotes for the region. • Providing actuarial support for the execution of RGA product development and data analytics. • Managing the resource allocation for the health pricing team.
• Interim acting head of health pricing department for Southeast Asia region. • Structured and developed required pricing models to complete the health insurance quotes that meet clients’ objective and RGA’s minimum requirements. • Reviewed and signed off the health insurance quotes for the SEA region. • Provided actuarial support for the execution of RGA product development initiatives. • Managed the resource allocation for the SEA health pricing team.
• Managed various group insurance related initiatives and operation. • Monitored group insurance portfolio experience. • Conducted market research and developed a portfolio of product strategies for implementation (life, health and group insurance).
• Performed day-to-day business development and client management. • Conducted market research and analysis in monitoring market trends. • Carried out and coordinated project management with various departments. • Managed facultative quotation for group insurance.
• Handled product pricing and product development for life and health insurance. • Managed valuation reporting and capital management. • Reviewed reinsurance treaties and reinsurance administration. • Strategised for company strategy planning.
• Handled product pricing, product development, and system implementation for life and health insurance. • Managed reinsurance treaties and arrangement for new products. • Prepared Monthly Annual Premium Equivalent (APE) Report and Value of New Business (EV for New Business) .
• Prepared reinsurance quotations and product proposal documents. • Managed valuation reporting of statutory reserve (Central Bank of Malaysia) and cash flow projection for budget preparation. • Managed reinsurance administration for Financial Reinsurance Accounts. • Managed facultative quotation for group health insurance.