Pricing Actuary

2 months ago


London, United Kingdom The Emerald Group Ltd, Search and Selection Full time

Role: The role involves supporting the pricing of treaty reinsurance contracts and large risks, often with loss-sensitive features. It requires close collaboration with underwriters, clients, and internal departments such as Claims, Actuarial Reserving, and Risk teams, while providing pricing support across multiple lines of business including UK Motor, Property & Casualty, US Property & Casualty, and many more. Additionally, the role offers the opportunity to work with various pricing teams within the broader Actuarial Pricing Function to gain diverse experience. Key responsibilities include developing and maintaining pricing tools, assisting underwriters in structuring and pricing contracts, and providing regular management reports on rate changes, pricing adequacy, and expected loss ratios.


Requirements: The role requires a 2:1 or higher degree in Mathematics, Statistics, Economics, or Actuarial Science, with the candidate being a partly or fully qualified actuary. It demands 2-4 years of General Insurance experience, including 1-2 years in pricing general insurance or treaty reinsurance, with London/Lloyd's market experience as a plus. Key skills include advanced MS Excel proficiency and knowledge of actuarial pricing techniques for primary, excess of loss, and catastrophe products. Familiarity with Python, VBA, and HX Renew is desirable. Strong communication and interpersonal skills are essential for effectively conveying actuarial insights to underwriters.


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