At a Glance
- Tasks: Lead the development of data-driven pricing strategies for innovative insurance products.
- Company: Join Wakam, a mission-driven leader in digital and embedded insurance across Europe.
- Benefits: Enjoy remote work flexibility, personal growth days, and a supportive team culture.
- Other info: Collaborate with passionate experts in a flat, dynamic environment focused on innovation.
- Why this job: Make a real impact on the future of insurance with cutting-edge technology and analytics.
- Qualifications: Experience in UK insurance pricing and strong skills in actuarial techniques and programming.
The predicted salary is between 60000 - 80000 ÂŁ per year.
Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 80 partners. We provide most of our insurance products through APIs and host white-label insurance solutions via our Play&Plug technology platform. With a footprint spanning 32 countries, Wakam is the European leader in digital and embedded insurance. Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to enabling transparent and impactful insurance.
The Underwriting team at Wakam lies at the core of strategic decision-making and risk analysis. Our mission is to develop pricing strategies and risk frameworks that ensure profitable, sustainable, and competitive insurance solutions for our partners. We blend actuarial science, data analytics, and innovation to build cutting-edge products across Europe — from Motor and Home to Pet, A&H, and Extended Warranty. We partner closely with MGAs, reinsurers, and internal teams to bring our vision to life.
As a Pricing Actuary / Pricing Lead you will play a pivotal role in delivering Wakam’s UK pricing across products including Motor, Home, Pet, and SME insurance. You will lead the development and implementation of data-driven pricing frameworks, ensuring alignment with business objectives, market dynamics, and regulatory expectations. This role combines strategic thinking, hands-on technical delivery, and strong stakeholder management—internally and externally.
Your Responsibilities
- Pricing Strategy: You execute pricing strategies to deliver profitable growth and market competitiveness. You collaborate with distribution partners (including MGAs) to understand market needs, refine pricing models, and design tailored solutions. You carry out statistical risk modelling, define target profitability and pricing criteria, and implement pricing models—often via APIs through Wakam’s platform or in coordination with partners.
- Portfolio Management & Analytics: You develop management information and run ad-hoc analyses to support key decisions. You monitor and optimise portfolio performance, contribute to improved forecasting, and conduct regular reviews of pricing structures, profitability, and customer segmentation—taking into account competitor pricing, claims trends, and regulatory updates.
- Technical Pricing: You design, implement, and enhance pricing models using actuarial and statistical methods. You monitor model performance and recalibrate when needed, and you investigate innovative technical solutions to complex business problems. You also perform peer reviews of MGA pricing proposals to ensure technical robustness and consistency.
- Stakeholder & Partner Management: You collaborate with MGAs and internal teams to support pricing decisions, product design, and portfolio management. You present results internally and to distributors, communicate complex pricing topics to non-technical audiences, and ensure pricing strategies remain compliant with applicable UK regulatory requirements.
What You Bring
- Essential: Experience in pricing roles within the UK insurance market, covering Motor, Home and/or SME. Strong understanding of UK market dynamics and the regulatory framework. Demonstrable proficiency in actuarial techniques and pricing modelling. Experience with P&C pricing tools (e.g., AKUR8, RADAR, EARNIX or equivalent). Strong programming skills in SQL and/or Python. Experience with machine learning approaches and data visualisation tools (e.g., Power BI, Tableau). Proven track record of leading pricing projects and/or teams. Excellent communication skills and ability to influence stakeholders at all levels. Strong commercial acumen and strategic thinking.
- Desirable: Actuarial qualification (FIA/FFA) or progress toward qualification (ideal but not required). Experience working with MGAs or within a B2B2C insurance model.
Who You Are
You combine rigour and analytical excellence with pragmatic execution. You are solutions-oriented, intellectually curious, and comfortable challenging the status quo when needed. You thrive in a fast-paced, international environment and communicate clearly across a wide range of stakeholders. You take ownership of outcomes, act with high integrity, and bring resilience and positive energy to your work.
AI & Digital Mindset: You are comfortable with modern data tooling and automation, and you enjoy building repeatable, auditable analysis workflows. You’re curious about advanced analytics and AI when they add measurable value (segmentation, monitoring, decision support), while maintaining high standards for traceability, explainability, and governance.
Why Join Wakam? You’ll join a leading European embedded insurer where pricing has direct impact and visibility. You’ll work on diverse UK products, collaborate with a broad ecosystem (including MGAs), and help build scalable, data-driven pricing frameworks in a regulated context.
Hiring Process: We aim for a fast and insightful process: Introductory Interview with our Talent Acquisition Partner, Manager Interview with our UK Chief Underwriting, Technical Interview with the Team, Culture Fit Interview in our London office with the Head of People and our Chief Underwriting.
At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.
Pricing Actuary/ Pricing Lead in London employer: 🧰 Who We Are Wakam
Wakam is an exceptional employer that champions a culture of innovation and autonomy, allowing employees to make a tangible impact in the rapidly evolving insurance landscape. With true remote work flexibility through the Wakam From Anywhere programme, a flat organisational structure, and dedicated time for personal growth, employees are empowered to thrive both professionally and personally. Join a team of passionate experts in London, where your contributions will directly shape the future of embedded insurance across Europe.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary/ Pricing Lead in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Pricing Actuary/ Pricing Lead in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at 🧰 Who We Are Wakam.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at 🧰 Who We Are Wakam. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at 🧰 Who We Are Wakam
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at 🧰 Who We Are Wakam to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at 🧰 Who We Are Wakam, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding 🧰 Who We Are Wakam's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
