Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Analyse and develop pricing strategies for Political Violence, Risk, and Credit portfolios.
- Company: Join Chaucer, a leading global insurer with a strong presence in Lloyd's market.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and a supportive culture.
- Why this job: Make an impact in a dynamic role while collaborating with industry experts.
- Qualifications: Degree in Maths or related field; strong analytical and communication skills required.
- Other info: Opportunities for travel and professional growth in a thriving environment.
The predicted salary is between 36000 - 60000 £ per year.
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world.
The Pricing Actuary will be responsible for actuarial pricing primarily for Chaucer's Political Violence, Political Risk and Credit portfolios (with a focus upon account pricing, benchmark rate reviews and portfolio analyses). The role will be strongly client-facing, incorporating support for broker negotiations, pricing support for insureds and involve developing new pricing capabilities. The Pricing Actuary will also provide support for other classes as required within the insurance, reinsurance and Partnership / Innovation divisions. The successful applicant will have self-assured technical pricing skills and good communication skills with commercial awareness to provide effective broker and client support. The Pricing Actuary will be located within the Actuarial pricing team in London and work directly with the underwriting team under the guidance of the Insurance Pricing Manager.
Main duties
- Develop a deep understanding of the Political Violence, Political Risk and Credit classes, trends and underwriting team strategy
- Account pricing and underwriter support for broker negotiations
- Ongoing portfolio monitoring for accounts and overall portfolio
- Contributing ideas for new MI
- Model recalibration reviews
- Support the collection and maintenance of pricing data
- Keep abreast of industry initiatives and develop new pricing/visualisation techniques and best practice where opportunities arise
- Collaborate, present and share knowledge with the wider Actuarial team on pricing approaches
- Assistance for other pricing team activities as required
Relevant experience
Essential – General insurance pricing experience
Desirable – Experience of Political Violence, Political Risk and Credit classes of business; model development experience
Technical skills
Essential Strong IT skills, including comprehensive knowledge of Excel and VBA
Desirable R or Python; SQL; experience in building and using dashboards in Power BI
Education & Experience
Essential 2.1 or 1st degree in Maths or a Maths-related subject (e.g. Physics, Engineering, Statistics); 3 or more strong A levels, including Maths
Desirable FIA qualified (candidates making good progress towards FIA will be considered; note that if not qualified the job title would be "Senior Pricing Analyst" until qualification)
Personal skills
- Attention to detail
- Self-motivated
- Hard working and committed
- Professionally presented
- Organised and clear thinking
- Flexible and adaptable
- Ability to plan, organise work and multitask to meet targets and deadlines
- Able to collaborate, work as a team and communicate with staff at all levels
Other responsibilities
Some travel in support of Underwriter/Client meetings may be required.
Why Join Chaucer?
Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk—from nuclear, shipping, manufacturing, and property. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.
We offer:
- A flexible office hybrid work model that supports individual and team needs.
- A diverse, inclusive culture that values people for who they are.
- Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
Pricing Actuary - Political employer: Chaucer Group
Contact Detail:
Chaucer Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary - Political
✨Tip Number 1
Get to know the company inside out! Before your interview, dive into Chaucer's values, recent projects, and industry trends. This will not only impress them but also help you tailor your responses to show you're a perfect fit.
✨Tip Number 2
Practice your communication skills! Since the role is client-facing, being able to articulate your thoughts clearly is key. Try mock interviews with friends or use online platforms to refine your pitch and get comfortable discussing your experience.
✨Tip Number 3
Network like a pro! Connect with current employees on LinkedIn or attend industry events. This can give you insider knowledge about the company culture and even lead to referrals, which can significantly boost your chances of landing the job.
✨Tip Number 4
Don’t forget to follow up! After your interview, send a thank-you email expressing your appreciation for the opportunity. It’s a simple gesture that keeps you on their radar and shows your enthusiasm for the role.
We think you need these skills to ace Pricing Actuary - Political
Some tips for your application 🫡
Know Your Stuff: Make sure you really understand the role of a Pricing Actuary, especially in Political Violence and Risk. Show us that you’ve done your homework on the industry and how your skills fit into our needs.
Tailor Your Application: Don’t just send a generic CV and cover letter. We want to see how your experience aligns with what we’re looking for. Highlight relevant projects or roles that showcase your pricing skills and client-facing experience.
Show Off Your Skills: We love tech-savvy candidates! If you’ve got strong Excel skills or experience with R, Python, or SQL, make sure to mention it. Give us examples of how you’ve used these tools in your previous roles.
Apply Through Our Website: It’s super easy to apply through our website. Just follow the prompts and make sure all your details are spot on. We can’t wait to see your application!
How to prepare for a job interview at Chaucer Group
✨Know Your Stuff
Make sure you have a solid understanding of Political Violence, Political Risk, and Credit classes. Brush up on recent trends and how they impact pricing strategies. This will show that you're not just interested in the role but also invested in the industry.
✨Show Off Your Technical Skills
Be ready to discuss your experience with Excel, VBA, and any other relevant tools like R or Python. If you've worked on model development or dashboard creation, prepare examples to share. This will highlight your technical prowess and readiness for the role.
✨Practice Your Communication
Since the role is client-facing, practice explaining complex actuarial concepts in simple terms. You might be asked to demonstrate how you'd support broker negotiations, so think about how you can convey your ideas clearly and confidently.
✨Be Ready to Collaborate
Chaucer values teamwork, so be prepared to discuss how you've worked with others in the past. Think of examples where you contributed to a team project or shared knowledge with colleagues. This will show that you can fit into their collaborative culture.
