UKI Casualty Senior Pricing Actuary
Are you a qualified Actuary with 2+ years’ post-qualified experience, preferably in Casualty Pricing and Portfolio Management?
If you are passionate about growing your skills and career with one of the largest Property & Casualty insurers in the world, then we would love to hear from you!
CHUBB Europe P&C is one of four main divisions of CHUBB European Group (CEG). This is a highly visible actuarial pricing role responsible for a book of c.$700m gross written premium, leading the effort of partnering UK and Ireland Casualty underwritersand providing technical expertise to theHead of UKI Casualty in executing key priorities and strategic projects.
Based in our London office and reporting to the Europe Casualty Pricing Manager, you will play a key role in team leadership. This position offers the opportunity to manage one direct report while coordinating the workflow for our shared analyst team in India.
Key Responsibilities:
- Performance Management and Monitoring: Partner with underwriters in assessing portfolio performance and formulating strategies to improve/ optimise underwriting performance. Lead the effort in monitoring and communicating key portfolio trends/ statistics/ insights to underwriters and senior management, including but not limited to: The annual profitability study, quarterly business performance reviews, performance dashboard updates, renewal rate change and adequacy monitoring, inflation impact and general analytical support.
- Case Pricing: Develop and maintain experience rating models. Support underwriting decisions and referrals with pricing of individual large accounts/ facilities/ binders etc.
- Exposure Rating Models: Regularly calibrate and input into design of exposure rating models in conjunction with underwriting teams and wider (Chubb Overseas General) actuarial group.
- Planning/ Forecasting: Partner with the Underwriting Heads, and the Finance and Planning teams in formulating yearly and longer-term strategic plans and forecasts.
- Underwriting Risk: Lead the parameterisation of underwriting risk distributions for UKI Casualty, for the purpose of the Chubb Global Capital Model.
- Reinsurance: Where appropriate, support reinsurance submissions and decisions.
- Wider Actuarial Projects: Proactively engage with the wider Actuarial and Analytics communities in knowledge sharing/ common projects/ efficiency and automation.
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Management: The role will involve management responsibility for 1 onshore analyst and indirect workflow management of a shared pool of interns and offshore analysts.
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Senior Pricing Actuary, UK Casualty – Leader & Strategist employer: Chubb Ltd.
Chubb is a leading global property and casualty insurer that offers an exceptional work environment, characterised by a strong commitment to employee development and well-being. With offices in 54 countries, we provide our employees with comprehensive benefits, a collaborative culture, and ample opportunities for career advancement within the dynamic insurance industry. Join us to be part of a motivated team that values client service and innovation, while enjoying the unique advantages of working in a multinational setting.
