Pricing Actuary P&C

4 weeks ago

London, Greater London, United Kingdom Swiss Re Full time

Do you want to join a dynamic and international team working in the challenging field of actuarial science and state of the art data analytics, supporting Property and Casualty Facultative Underwriting? Then this is for you

About the Role

As P&C Pricing Actuary you will be involved in reviews of models and rates as well as development of pricing tools used by our facultative underwriters to write property and casualty business. You will give actuarial advice to facultative underwriters worldwide on more complex and large risks or portfolios.

Key responsibilities:

  • Collaborate on working out new or updated costing models and parameters, like rate calibrations, trend factors, frequency/severity models or equivalent
  • Bring parameter and model updates into the productive underwriting systems and ensure all the quality assurance checks
  • Monitor accuracy of rating models on a portfolio level and prioritize required updates
  • Develop content of pricing tools for facultative property and casualty underwriting and work on the realization of the tool in collaboration with our internal and external IT teams
  • Give actuarial and structuring advice for complicated facultative deals to underwriters worldwide

About the Team

The actuarial services P&C team is part of the Underwriting Excellence Department.

We are responsible for three areas:

  • We make sure the underwriters have good models to price their business. We do actual versus expected analysis and lead rate reviews for property and casualty business on industry level.
  • We are content wise in charge of the methods and tools used to price the facultative property and casualty business.
  • We are the go-to team for actuarial advice and perform the risk assessment for complicated facultative deals worldwide or sensitive lines of business.

As a global team with team-members across Europe, Asia, and North America all our communication, meetings and emails are exclusively in English.

About You

With your desire to grow professionally, you are planning to become a qualified actuary in the near future. For this role, you will need to translate thoughts and ideas of non-actuarial experts such as underwriters, risk engineers or wording specialists into actuarial models, as well as explain actuarial technics in simple words and train costing methods and tools to underwriters. You are used or open to work in an agile scrum setup.

Essentials:

  • Master's degree in mathematics, statistics, physics or equivalent quantitative/statistical fields and/or actuarial qualifications
  • 1-3 years' experience in insurance or reinsurance in a quantitative role
  • Proficient English is required, other languages are considered a plus

About Swiss Re


Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.


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