Actuarial Lead for Cyber Risk

4 weeks ago


London, Greater London, United Kingdom BlueOptima group Full time
About BlueOptima Group

We provide industry-leading objective metrics in software development using our proprietary Coding Effort Analytics. Our deep expertise in software risks allows us to develop cutting-edge insurance products in a high-demand market.

Job Overview

We are a dynamic and growing insurance company, located 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.

Estimated Salary Range

$140,000 - $220,000 per year.

Key Responsibilities

The successful candidate will have the following key responsibilities:

  • Develop and refine pricing models for cyber insurance products, using internal and external data.
  • 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.
  • Manage relationships with reinsurers and optimize reinsurance deals.
  • Provide insights on capital allocation for risk retention and reinsurance strategies.
Requirements

To succeed in this role, you will need:

  • 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.


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