Job Market: Insurance
Pricing Analyst: About the role
The Pricing Analyst provides Actuarial pricing support, primarily for the Casualty portfolio (with a focus upon account pricing, benchmark rate reviews and portfolio analyses). The role is strongly client-facing, incorporating support for broker negotiations, pricing support for insureds and involvement in developing new pricing capabilities.
The successful applicant will have strong technical pricing skills. A background in modelling for data-rich commercial or personal lines classes will also be an advantage. You will need strong communication skills and commercial awareness in order to provide effective broker and client support.
The Pricing Analyst will be located within the Actuarial pricing team in London and work directly with the underwriting team under the guidance of the Head of Pricing / Assistant Pricing Manager.
Development of a deep understanding of the Casualty classes, trends, and underwriting team strategy
Account pricing and underwriter support for broker negotiations
Ongoing portfolio monitoring for accounts
Benchmark rate reviews and other pricing support for insureds
Supporting the collection and maintenance of pricing data
Keeping abreast of industry initiatives and develop new pricing/visualisation techniques and best practice where opportunities arise
Collaborating, presenting, and sharing knowledge with the wider Actuarial team on pricing approaches • Assistance for other pricing team activities as required
Pricing Analyst: Key requirements
2.1 or 1st degree in a Maths or Maths-related subject (e.g. Physics, Engineering, Statistics)
3 or more strong ‘A’ levels, including Maths
Making good progress towards FIA qualification or equivalent
Commitment to actuarial qualification &/or data science as applicable to the London market
Solid pricing experience in general insurance
Experience in pricing for commercial and/or personal lines (or other data-rich classes).
Strong IT skills, including comprehensive knowledge of Excel and VBA)
EMBLEM, R or Python
Experience in building general linear models (GLM)
Experience with Machine Learning models