Cyber Insurance Pricing Specialist

6 days ago


London, Greater London, United Kingdom BlueOptima group Full time

Welcome to BlueOptima Group, where innovation meets expertise. We're at the forefront of providing industry-leading objective metrics in software development, leveraging our proprietary Coding Effort Analytics.

Our goal is to help Fortune 500 organizations deliver better software, faster and more efficiently. To achieve this, we're developing a cyber insurance product focused on underwriting risks related to software vulnerabilities in medium to large enterprises. With our deep expertise in software risks, we're creating cutting-edge insurance products in a high-demand market.

Job Opportunity

We're seeking an experienced Senior Actuarial Risk Analyst to join our team. As a key member of our pricing and risk modeling team, you'll have the opportunity to shape our underwriting strategy and ensure competitive yet profitable pricing of our insurance products.

Responsibilities:

  • Develop and refine pricing models for cyber insurance products, using internal and external data.
  • 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.
  • Manage relationships with reinsurers and optimize reinsurance deals.

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 (R, Python, SAS, etc.).
  • In-depth knowledge of regulatory requirements related to insurance pricing and compliance.

About Us:

We currently operate in 4 countries: London (our HQ), Mexico, India, and the US. A total number of 110+ employees (and increasing every day) from different nationalities and with over 25 languages spoken.

The estimated salary for this position is $150,000 - $200,000 per year, depending on location and experience.



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