Chief Actuarial Strategist

1 week ago


London, Greater London, United Kingdom BlueOptima Full time
Cyber Insurance Pricing Expert Wanted

We are seeking a seasoned actuary to lead the development of cyber insurance pricing models, utilizing benchmark data from our extensive risk evaluations of internally developed software vulnerabilities.

  • Develop and refine pricing models for cyber insurance products, using internal and external data. Utilize data analytics and predictive modeling techniques to create accurate and actionable pricing strategies.
  • Lead the creation of predictive models for loss frequency and severity related to software vulnerabilities. Collaborate with our internal software risk experts to integrate detailed vulnerability risk assessments into the pricing framework.
  • Ensure pricing is compliant with insurance regulations across various markets. Foster relationships with reinsurers and optimize reinsurance deals.
  • Provide insights on capital allocation for risk retention and reinsurance strategies. Stay ahead of industry trends, particularly in cyber insurance, regulatory changes, and emerging risks.
  • Lead and mentor a growing team of actuarial and risk analysts. Develop and implement training programs to enhance their skills and knowledge.
Requirements:
  • 7+ years of experience in property & casualty insurance, with a focus on pricing and risk modeling.
  • Proven experience in cyber insurance or technology-related risks (preferred) or tech E&O insurance.
  • Fellow of the Institute and Faculty of Actuaries (FIA) or Chartered Enterprise Risk Actuary (CERA) designation preferred.
  • Strong experience in data analytics, predictive modeling, and working with large data sets.
  • In-depth knowledge of regulatory requirements related to insurance pricing and compliance.
  • Excellent communication skills to collaborate with technical experts and convey actuarial insights to non-technical stakeholders.
  • Familiarity with reinsurance structures and negotiations.
Estimated Salary: $120,000 - $180,000 per year, depending on experience.
We offer a competitive salary, benefits package, and opportunities for career growth and professional development.

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