Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join a team assessing pricing and profitability for consumer insurance products.
- Company: A niche insurance business focused on innovative consumer insurance solutions.
- Benefits: Enjoy a competitive salary, hybrid work options, and potential bonuses.
- Why this job: Work closely with senior leaders and make a real impact in the industry.
- Qualifications: Curiosity, strong interpersonal skills, and experience in general insurance pricing are key.
- Other info: Data science background is a plus; no formal actuarial qualification required.
The predicted salary is between 86000 - 124000 £ per year.
Our client is a niche insurance business focusing on consumer insurance products distributed through binding authorities and other similar schemes. We are looking for two pricing specialists (one with a data science background) to come in and add business value to the team.
The role would see you work with both internal actuarial and underwriting leaders as well as external counter parties (including actuarial and underwriting leads at potential partners). The work will involve assessing pricing and profitability levels of new and existing schemes.
For both roles, we are looking for experienced pricing professionals who want to focus on the actuarial and business value of their work, and are not looking to manage. Both roles have a rough budget in place around £100-£140k base plus bonus.
Experience of working in the binders or DUA space would be useful but not essential. What is essential is:
- Curiosity
- Good interpersonal skills
- A desire to work with senior individuals (CUO, CEO etc) on a daily basis
Hybrid office attendance expectation.
For one of the roles, the client would love someone with a data science / coding background. Whilst it is not expected that the role will involve cutting edge statistical modelling, nonetheless, someone who can combine machine learning with clear and actionable business insights will be very welcome.
Whilst the client would welcome candidates with an actuarial qualification (AIA, FIA or similar), there is no expectation this will be the case and candidates will be judged on their ability to do the job and previous general insurance pricing experience and skills.
Pricing Actuary employer: Hanover
Contact Detail:
Hanover Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary
✨Tip Number 1
Network with professionals in the insurance and actuarial fields. Attend industry events or webinars where you can meet potential colleagues and leaders in the niche insurance market. Building these connections can give you insights into the company culture and expectations.
✨Tip Number 2
Showcase your curiosity during interviews. Prepare questions that demonstrate your interest in the company's pricing strategies and how they assess profitability. This will highlight your eagerness to contribute meaningfully to their business value.
✨Tip Number 3
Brush up on your interpersonal skills. Since the role involves working closely with senior individuals, practice articulating your thoughts clearly and confidently. Role-playing interview scenarios with a friend can help you refine your communication style.
✨Tip Number 4
If you have a data science background, prepare to discuss how you can apply machine learning techniques to real-world pricing challenges. Think of specific examples where you've turned data insights into actionable business strategies, as this will set you apart from other candidates.
We think you need these skills to ace Pricing Actuary
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Pricing Actuary position. Understand the key responsibilities, required skills, and the type of experience that is valued, such as curiosity and interpersonal skills.
Tailor Your CV: Customise your CV to highlight relevant experience in pricing, actuarial work, and any data science skills you possess. Emphasise your ability to work with senior individuals and your previous successes in similar roles.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the insurance industry. Mention specific examples of how your skills align with the company's needs, particularly your curiosity and interpersonal abilities.
Highlight Relevant Experience: In your application, make sure to detail any experience you have in the binders or DUA space, even if it's not essential. Focus on how your past roles have prepared you to assess pricing and profitability levels effectively.
How to prepare for a job interview at Hanover
✨Show Your Curiosity
Demonstrate your curiosity during the interview by asking insightful questions about the company's pricing strategies and how they assess profitability. This will show that you are genuinely interested in the role and eager to contribute to the team's success.
✨Highlight Interpersonal Skills
Since the role involves working closely with senior individuals, it's crucial to showcase your interpersonal skills. Share examples of past experiences where you've successfully collaborated with others, particularly in high-stakes environments.
✨Discuss Your Data Science Background
If you have a data science or coding background, be sure to discuss how you've applied these skills in previous roles. Highlight any experience you have with machine learning and how it can translate into actionable business insights for the company.
✨Prepare for Technical Questions
Be ready to answer technical questions related to pricing and profitability assessment. Brush up on your knowledge of general insurance pricing principles and be prepared to discuss how you would approach evaluating new and existing schemes.
