Actuary Motor

About the Role

Robert Walters is seeking an Actuary Motor for a full-time position in Riyadh, Riyadh. This role involves providing regulatory actuarial leadership across pricing, reserving, capital, and solvency specifically for motor insurance. The Actuary Motor will support NIS implementation, develop and validate supervisory models and stress tests, and translate analytics into actionable guidance, circulars, and policy proposals.

Key Responsibilities

• Set motor pricing and reserving standards, including defining approaches for parts and labor inflation, coverage and deductible design, risk segmentation, repair network arrangements, and claim provisioning (IBNR, IBNER, ULAE).
• Collaborate with Strategy and other Deputy CEOs from Policymaking, Prudential Supervision, and Market Conduct to convert analytics into guidance notes, circulars, and sector policy proposals for motor insurance.
• Conduct motor experience studies on frequency and severity by peril, exposure and expense patterns, fraud or leakage indicators, and repair-cycle times; publish benchmark tables for supervisory use.
• Review motor product filings, including compulsory and comprehensive coverages and add-ons; assess underwriting rules, exclusions, rate adequacy and fairness, and recommend remediation as needed.
• Monitor repair and adjuster networks, including parts indices, labor rates, salvage and subrogation recoveries, and turnaround times; coordinate with Market Conduct on consumer outcomes and corrective actions.
• Evaluate reinsurance programs such as quota share, excess of loss, catastrophe covers, and stop-loss; assess true risk transfer, counterparty concentration, and collateral sufficiency.
• Lead stress testing for inflation surges, frequency spikes, legislative or judicial shifts, catastrophe events, and supply-chain shocks; provide opinions on capital adequacy and recommended management actions.

Work Type and Location

This is a full-time position based in Riyadh, Riyadh. The role requires a professional who can operate effectively within a regulatory framework and collaborate with various internal and external stakeholders.

Application Process

Further details regarding the application process will be provided upon inquiry. Salary information for this position is not disclosed.