The casualty pricing actuary will work closely with the head of pricing to develop pricing models and processes, directly supporting the GL and Cyber underwriting teams, gaining first-hand insight to all stages of the pricing process.
Overview
Key duties (including, but not limited to):
- Developing best-in-class pricing models for the General Liability and Cyber teams
- Pricing and assessing profitability of large and complex accounts, as referred by underwriters
- Updating pricing models to meet underwriter’s changing needs and evolving market conditions
- Preparing class of business portfolio MI, exhibits and dashboards
- Building consistent and scalable pricing processes to improve efficiency and robustness
- Ensuring the development, monitoring and optimisation of pricing models and methodologies
- Using research methods and external datasets to provide new underwriting insights and develop innovate pricing approaches
- Fostering strong relationships with internal and external stakeholders
Qualifications required:
- Degree in numerate subject (e.g. mathematics, engineering, economics)
- Nearly or newly qualified Actuary
Experience required:
- 3-5 years’ experience in a similar role
- Pricing experience with Lloyd’s syndicate, London Market insurer or broker
- Experience working directly with underwriters on account pricing and portfolio analysis