At a Glance
- Tasks: Lead innovative actuarial projects using cutting-edge machine learning technology.
- Company: Join Akur8, a fast-growing InsurTech redefining insurance pricing.
- Benefits: Enjoy competitive salary, health coverage, 25 days PTO, and professional development.
- Other info: Be part of a diverse team with fun activities and excellent career growth.
- Why this job: Make a real impact in the insurance industry with your actuarial expertise.
- Qualifications: 5+ years in P&C insurance pricing; strong communication and problem-solving skills.
The predicted salary is between 56700 - 69300 £ per year.
Akur8 is a fast-growing InsurTech scale-up on a mission to redefine insurance pricing and reserving through transparent, high-performance modeling technology. Our SaaS platform uses transparent machine learning and predictive analytics to improve the speed, accuracy, and reliability of actuarial pricing and reserving. Built by experienced actuarial, product, and R&D teams, Akur8’s proprietary algorithms enable insurers to generate insights up to 10x faster than traditional methods, while maintaining full explainability and regulatory confidence.
As our platform expands, we provide next-generation reserving capabilities, supporting an end-to-end approach to risk assessment and future claims anticipation. Recognized globally, Akur8 has been featured in:
- CB Insights’ Insurtech 50 - Top 50 InsurTech Companies 2025
- CNBC’s World Top 150 InsurTech Companies
- InsurTech200 Global - 100 Most Innovative Insurtech Companies
- Professional Equality Index (2025 score of 97/100)
With 50+ nationalities across 8 global offices, we serve 400+ insurance clients on 4 continents, partnering with insurers in mature and highly regulated markets. We are proud to be an equal opportunities employer, committed to diversity, equity, and inclusion, and we evaluate all candidates fairly based on skills, experience, and professional merit.
This position interacts with every team at Akur8 to various degrees: Sales, Product, R&D, Marketing, Engineering, and Leadership. You will be a subject matter expert and will act as a translator between all of these departments and the “language” of insurance, actuaries, and our clients. Externally, you will work with client contacts such as Heads of Pricing, Heads of Product, CTOs, Actuaries, and Data Scientists.
To be successful, a Pricing Actuary at Akur8 must be:
- a teacher. You will lead proof of concepts with potential clients. During this process, you will need to clearly communicate complex actuarial concepts to both highly technical and non-technical audiences.
- creative. Akur8’s software is extremely powerful for traditional actuarial tasks, but a Pricing Actuary is expected to think beyond traditional applications and identify creative approaches to use various Akur8 features to answer ad hoc actuarial questions.
- a problem solver. During check-in meetings with clients, you will assist clients by quickly diagnosing any misalignments between an actuary’s potential use of the software and the underlying assumptions behind Akur8.
- a visionary. Akur8’s software is in a constant state of development, and feedback from the Actuarial team is essential to inform Akur8’s roadmap. A Pricing Actuary is expected to identify potential features or offerings that are beneficial to both the software and the industry, and work with our product team to best define the underlying problem and evaluate potential solutions.
Additionally, you’ll also contribute to white papers and present at conferences or webinars to establish the leadership of Akur8 in the United States and other markets. Traveling is required for this role for approximately 5 working days per month (including teambuilding trips to our Paris / North American offices, industry conferences, and onsite client meetings).
The successful candidate must meet each of the following criteria to be considered for this position:
- A minimum of 5 years of experience in a P&C / General insurance pricing role, as a Pricing Actuary, Actuarial Consultant, or equivalent; prior exposure to commercial and specialty lines is an advantage.
- Broad insurance industry knowledge, including ISO products / ISO ERC.
- Demonstrated experience recommending and filing rates, including developing rate indications, applying measurement methods and state-specific adjustments, and introducing or updating rating variables and factors.
- Experience across the rate filing and approval lifecycle, including responding to objections from state Departments of Insurance and avoiding common issues that can delay approval.
- Hands-on experience in actuarial ratemaking and rate deployment within a P&C or general insurance pricing environment.
- Ability to understand insurance business imperatives and translate them into practical, software-driven solutions.
- Curiosity and the ability to quickly understand prospects’ and clients’ ratemaking processes, identify their key requirements, and map them to functionality within the Akur8 platform.
- Ability to present ratemaking analyses and recommendations clearly to stakeholders with varying levels of technical expertise.
- A basic understanding of Data Science and Machine Learning techniques for predictive modeling; given the nature of this role, no coding is required, though familiarity with Python or R is considered a strength.
- Willingness and ability to travel for approximately one week per month, including visits to North American offices, client sites, and industry events.
- Native or near-native fluency in English.
BONUS (preferable but not mandatory):
- ACAS or FCAS credentials (or equivalent fellowship in a recognized actuarial body).
- Preference will be given to applicants who can work from our New York office, but remote work is acceptable for strong applicants based anywhere in the Eastern or Central time zones.
As a newcomer, you'll be joining a diverse, highly skilled and motivated team, with a strong Tech DNA, colleagues that are eager to share their knowledge and passion. We care about strong teamwork and a positive day-to-day environment. The team regularly connects through optional activities such as team lunches, sports, karaoke, or occasional after-work gatherings.
In addition to this, we will provide you with:
- Competitive salary + annual bonus.
- Health insurance, Dental and Vision coverage (including spouse and family coverage).
- 401K Company match.
- Life insurance.
- Cell Phone & Internet reimbursement.
- 25 days of PTO/year.
- Commuter benefit.
- Gym membership via ClassPass.
- IT equipment allowance.
- Professional development & trainings.
- Team fun: regular company gatherings and team events.
As part of our recruitment process, we may carry out background checks in line with the applicable laws and regulations in the countries where we operate. These checks may include verification of employment history, education, and, where legally authorized, criminal records. Any background checks will be performed lawfully before formal employment contracts are signed, with the candidate’s consent, and all information collected will be handled confidentially. We may use artificial intelligence (AI) tools to assist with certain stages of the recruitment process. These tools are used to support our recruitment team and do not replace human decision-making. Final hiring decisions are always made by people. If you would like further information about how your data is processed, you can contact us at dpo@akur8.com.
Pricing Actuary employer: Akur8
Akur8 is an exceptional employer that champions innovation and collaboration within the InsurTech sector. With a strong commitment to diversity, equity, and inclusion, employees benefit from a dynamic work culture that fosters professional growth through ongoing training and development opportunities. Located in a hybrid work environment, Akur8 offers competitive salaries, comprehensive benefits, and a supportive team atmosphere, making it an ideal place for actuaries eager to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Akur8). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Akur8. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Pricing Actuary
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 Akur8.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Akur8. 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 Akur8
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Akur8 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 Akur8, 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 Akur8'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.