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 € 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
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Wakam and its products. Understand their pricing strategies and be ready to discuss how your skills can contribute to their mission. Tailor your responses to show you're not just another candidate, but someone who truly gets what they do.
✨Tip Number 3
Practice your communication skills! Since you'll need to explain complex pricing topics to non-technical audiences, make sure you can break down your expertise into simple terms. Role-play with a friend or use online resources to sharpen your delivery.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Wakam team and its mission-driven culture.
We think you need these skills to ace Pricing Actuary/ Pricing Lead in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Pricing Actuary role. Highlight your experience in the UK insurance market, especially with Motor, Home, and SME products. We want to see how your skills align with our mission at Wakam!
Showcase Your Technical Skills:Don’t forget to mention your proficiency in actuarial techniques and pricing modelling. If you’ve worked with tools like SQL or Python, let us know! We love seeing candidates who are comfortable with data and can bring innovative solutions to the table.
Communicate Clearly:Since you'll be working with various stakeholders, it’s crucial to demonstrate your communication skills. Use clear and concise language in your application to show us that you can explain complex topics to non-technical audiences—this is key for the role!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find more info about our culture and values there, which can help you tailor your application even further!
How to prepare for a job interview at 🧰 Who We Are Wakam
✨Know Your Pricing Models
Make sure you brush up on your knowledge of pricing models relevant to the UK insurance market, especially for Motor, Home, and SME products. Be ready to discuss how you've applied actuarial techniques in past roles and how they can be tailored to Wakam's needs.
✨Showcase Your Technical Skills
Prepare to demonstrate your proficiency in SQL and Python during the interview. You might be asked to solve a problem or analyse data on the spot, so practice coding challenges and be familiar with P&C pricing tools like AKUR8 or RADAR.
✨Understand Market Dynamics
Familiarise yourself with current trends and regulatory frameworks in the UK insurance market. Being able to discuss how these factors influence pricing strategies will show that you’re not just technically skilled but also commercially aware.
✨Communicate Clearly
Since you'll need to present complex pricing topics to non-technical stakeholders, practice explaining your work in simple terms. Use examples from your experience to illustrate your points and ensure you convey your ideas confidently.
