Senior Pricing Actuary

2 weeks ago


London, Greater London, United Kingdom Ki Insurance Full time
Job Details: Senior Pricing Actuary - Casualty Treaty

Vacancy Name: Senior Pricing Actuary - Casualty Treaty

Employment Type: Permanent

Location: London

Company Overview:

Ki Insurance is a leading global insurance technology company that revolutionizes the way insurance brokers place risk. With a platform that enables fast and frictionless risk placement, Ki has achieved significant growth since its inception in 2021. The company has written over $877m in gross written premium in 2023 and is backed by investors who share its vision of transforming the insurance industry.

Job Summary:

The Senior Pricing Actuary will play a critical role in the Casualty Treaty division team, working closely with underwriters to enhance Ki's commercial and strategic approach. The successful candidate will be responsible for deal-level pricing for material and complex risks, managing and maintaining deal-level pricing models, and developing best-in-class pricing models. The role will also involve model validation and recalibration, as well as creating appropriate governance and documentation of the models.

Key Responsibilities:

  1. Carry out deal-level pricing for material and complex risks, or facility deals providing challenge and direction.
  2. Manage, maintain and develop the deal-level pricing models, including documentation and relevant regulatory reporting and communication.
  3. Build a best-in-class pricing model, carry out model validation and recalibration, and create appropriate governance and documentation of the models.
  4. Report directly to the Head of Corporate and Pricing within the Actuarial team, supporting them in setting and managing the pricing policy, including relevant thresholds and risks.
  5. Work with wider Ki stakeholders, including the algorithmic pricing team, to embed deal-level pricing output into the algorithm and create a joined-up approach to algorithmic pricing and risk selection.

Requirements:

The ideal candidate will be a commercially-minded pricing actuary with a strong background in actuarial science and a passion for developing innovative solutions. The successful candidate will have excellent communication and interpersonal skills, with the ability to work effectively with underwriters, stakeholders, and other team members. A strong understanding of the insurance industry and its trends is essential, as is the ability to analyze complex data and develop effective pricing models.

What We Offer:

Ki Insurance offers a highly competitive remuneration and benefits package, which is kept under constant review to ensure it stays relevant. The company is committed to creating a diverse and inclusive work environment, where employees can thrive and grow. If you are a motivated and talented pricing actuary looking for a challenging and rewarding role, we encourage you to apply.



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