At a Glance
- Tasks: Shape pricing strategy and manage portfolio performance in Financial Lines and Cyber.
- Company: Join Chubb, a global leader in insurance with a collaborative culture.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Dynamic role with opportunities to work globally and enhance technical capabilities.
- Why this job: Make a real impact in a high-performing team with significant exposure to senior management.
- Qualifications: Qualified Actuary with 3+ years in pricing or reserving, strong communication and leadership skills.
The predicted salary is between 60000 - 80000 £ per year.
Chubb is a world leader in insurance, with operations in 54 countries and territories. We are known for our technical expertise, disciplined underwriting and collaborative culture. This is an opportunity to join a high-performing team and play a key role in shaping pricing strategy and portfolio performance across Financial Lines and Cyber.
Chubb is seeking a Senior Actuary – Financial Lines and Cyber to provide actuarial pricing and portfolio management support to the Chubb Overseas General (COG) Financial Lines and Cyber Underwriting Team. The role covers all aspects of pricing, including building and calibrating pricing models, profitability studies, outwards reinsurance, planning and price monitoring. You will work closely with pricing and underwriting teams across geographic regions, as well as the ceded reinsurance, claims, reserving and capital modelling teams. The role has significant exposure to senior management, so confidence, technical expertise and strong communication skills are essential. It also includes direct line management of two actuarial analysts.
Key Responsibilities
- Rating: Review and approve new rating models and major recalibration exercises to ensure accuracy and alignment with best practice. Maintain the global raters and support regional underwriting teams with rating queries. Facilitate knowledge sharing and collaboration across regions through round tables and regular meetings. Provide pricing support and opinion to underwriters on individual large account pricing. Improve the quality of data captured within rating models and consolidated at COG level.
- Portfolio Management and Profitability Studies: Conduct peer reviews of regional portfolio assessments to ensure consistency, accuracy and robust benchmarking. Work with underwriting management teams to develop and implement strategies to improve portfolio profitability. Investigate trends and changes in performance to identify shifts in profitability. Carry out ad hoc profitability studies to support the strategic aims of the business.
- Planning: Coordinate the COG business plan through management of regional pricing teams. Review regional submissions to ensure consistency across markets. Oversee the completion of reinsurance submissions for internal and external arrangements, ensuring accuracy and timeliness. Evaluate outwards external reinsurance purchases, including direct engagement with reinsurance brokers to support optimal reinsurance strategy. Review RI premium allocations across regions and products.
- Data and Analytics: Work with COG analytics teams to implement best practice in modelling and data techniques. Identify opportunities for regional analytics teams to supplement analysis with external data and data scraping of policy and claims documentation. Continuously improve the quality of data capture in strategic data assets.
- Reporting: Produce regular management reports covering rate change monitoring, price adequacy, exposure trends and other ad hoc reporting. Discuss COG-wide trends with regional actuarial and underwriting teams. Help implement best practice and minimum KPI standards.
- Other: Provide feedback to the Chubb Group Risk Modelling Unit to help define hurdle combined ratios. Present quarterly actuarial updates to the Financial Lines Product Board and Cyber Quarterly Board. Continue to build technical capability through ongoing professional development.
Qualifications Key Skills & Experience:
- Qualified Actuary
- Minimum 3 years’ hands‑on pricing or reserving experience in Financial Lines.
- A track record of building and implementing pricing models and/or portfolio monitoring tools.
- Strong communication skills and the ability to adapt to different stakeholder reporting requirements.
- Strong leadership and stakeholder management skills.
- Proven ability to build and maintain effective relationships with underwriters and senior management.
- Experience working in a global or multi-regional environment, which is highly desirable.
- Experience using large datasets, including basic knowledge of SQL or Python.
- Experience with GLM/GBM modelling.
- Excellent Excel skills, including formulas and presentation.
Senior Pricing Actuary, Financial Lines & Cyber in London employer: Chubb Ltd.
Chubb is an exceptional employer, offering a collaborative and high-performing work culture that empowers employees to excel in their roles. As a Senior Pricing Actuary in London, you will benefit from extensive professional development opportunities, direct exposure to senior management, and the chance to lead a team of actuarial analysts while shaping pricing strategies in a global insurance leader. With a commitment to technical expertise and innovation, Chubb provides a dynamic environment where your contributions directly impact portfolio performance and profitability.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pricing Actuary, Financial Lines & Cyber in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and actuarial fields. Attend industry events or webinars, and don’t be shy about introducing yourself to potential employers. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. Think about how your experience aligns with the role of Senior Pricing Actuary. We recommend doing mock interviews with friends or using online platforms to boost your confidence.
✨Tip Number 3
Showcase your technical skills! Be ready to discuss your experience with pricing models, data analytics, and any programming languages you know, like SQL or Python. Highlighting these skills can set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. So, get that application in and let’s make it happen!
We think you need these skills to ace Senior Pricing Actuary, Financial Lines & Cyber in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences mentioned in the job description. Highlight your hands-on pricing experience and any relevant projects you've worked on, especially in Financial Lines and Cyber.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for the Senior Actuary role. Share your passion for actuarial work and how your background aligns with our collaborative culture and technical expertise.
Showcase Your Communication Skills:Since strong communication is key for this role, make sure to demonstrate your ability to convey complex ideas clearly in your application. Use examples from your past experiences where you successfully communicated with stakeholders.
Apply Through Our Website:We encourage you to apply directly through our website. This ensures your application gets to the right people quickly and shows us that you're serious about joining our team at Chubb!
How to prepare for a job interview at Chubb Ltd.
✨Know Your Numbers
As a Senior Pricing Actuary, you'll need to demonstrate your technical expertise. Brush up on your pricing models and profitability studies. Be ready to discuss specific examples of how you've built or calibrated models in the past, and how those decisions impacted portfolio performance.
✨Showcase Your Communication Skills
Strong communication is key for this role, especially when dealing with senior management and underwriting teams. Practice explaining complex actuarial concepts in simple terms. You might even want to prepare a few scenarios where you successfully communicated insights that led to strategic decisions.
✨Demonstrate Leadership Experience
Since this role involves managing two actuarial analysts, be prepared to talk about your leadership style. Share examples of how you've mentored others or led projects. Highlight any experience you have in fostering collaboration across teams, as this will resonate well with the interviewers.
✨Stay Current with Industry Trends
Chubb values a proactive approach to identifying trends and shifts in profitability. Research recent developments in Financial Lines and Cyber insurance. Bring insights to the interview about how these trends could impact pricing strategies, showing that you're not just reactive but also forward-thinking.
