At a Glance
- Tasks: Design and maintain pricing models for Chubb’s Commercial Insurance portfolio.
- Company: Join a leading insurance company with a focus on innovation and collaboration.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on continuous learning and development.
- Why this job: Make an impact in the insurance industry with cutting-edge modelling techniques.
- Qualifications: 5+ years in insurance, strong coding skills in SQL and Python required.
The predicted salary is between 36000 - 60000 £ per year.
As a Pricing Modeller, you will play a key role in designing, building, and maintaining pricing models to support Chubb’s Commercial Insurance portfolio. You will collaborate closely with pricing actuaries, underwriters, analytics, and data teams to ensure pricing models are robust, scalable, and aligned with business needs. This is a hands‑on role with a strong focus on technical modelling, requiring clear communication and collaboration across multiple stakeholders.
Key Responsibilities
- Build risk models across products covering Property, Casualty, and Financial Lines among others.
- Develop pricing tools to support scalable growth in the small commercial market.
- Maintain and enhance existing pricing models, ensuring they remain aligned with business strategy and market trends.
- Recalibrate current models to reflect current experience and assumptions.
- Continuously research and evaluate new data sources (both internal and third‑party) and integrate them into models to enhance predictive power and improve pricing accuracy.
- Collaborate with the wider pricing team globally to share best practices in pricing modelling.
- Support pricing modernization initiatives, including building and migrating raters in Radar.
- Standardize modeling processes to ensure scalability and efficiency across product lines.
Qualifications
- Solutions‑focused, proactive, and accountable, with a strong sense of ownership.
- Fluent in English, with excellent written and verbal communication skills.
- Minimum 5 years’ experience in Property, Casualty, Financial Lines, Marine, or similar insurance domains.
- Advanced coding and software skills, including proficiency in SQL and Python; experience with WTW (Radar) is highly desirable.
- Demonstrated ability to independently build and review predictive models.
- Strong attention to detail, with the ability to manage multiple tasks and stakeholders in a fast‑paced environment.
- Effective interpersonal skills, with a collaborative approach and adaptability to change.
- Proven track record of meeting deadlines and managing competing priorities.
ePricing Actuary, Model Development employer: Chubb
Chubb is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the ePricing Actuary role in our dynamic Commercial Insurance division. Employees benefit from continuous professional development opportunities, a supportive environment that encourages teamwork across global teams, and the chance to work with cutting-edge technology in pricing modelling. Located in a vibrant area, Chubb offers a unique blend of career growth and meaningful contributions to the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land ePricing Actuary, Model Development
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Chubb or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Show off your skills! If you’ve got experience with SQL and Python, create a portfolio showcasing your best work. Share it during interviews or even on LinkedIn to catch the eye of hiring managers.
✨Tip Number 3
Prepare for the technical side! Brush up on your modelling techniques and be ready to discuss how you’ve built and maintained pricing models in the past. Confidence in your technical skills can really set you apart.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team at Chubb.
We think you need these skills to ace ePricing Actuary, Model Development
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the ePricing Actuary role. Highlight your experience in Property, Casualty, and Financial Lines, and don’t forget to showcase your coding skills in SQL and Python. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about pricing models and how your proactive approach can benefit our team. Remember, we love a good story, so make it engaging and relevant to the role.
Showcase Collaboration Skills:Since this role involves working closely with various teams, highlight any past experiences where you collaborated effectively. We value teamwork, so let us know how you’ve successfully worked with others to achieve common goals.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about StudySmarter and what we stand for.
How to prepare for a job interview at Chubb
✨Know Your Models Inside Out
Make sure you’re well-versed in the pricing models relevant to the role. Brush up on your knowledge of risk models across Property, Casualty, and Financial Lines. Be ready to discuss how you’ve built or maintained similar models in the past.
✨Showcase Your Technical Skills
Since this role requires advanced coding skills, be prepared to demonstrate your proficiency in SQL and Python. Bring examples of your previous work or projects that highlight your technical abilities, especially if you've used WTW (Radar) before.
✨Communicate Clearly and Collaboratively
This position involves working closely with various teams, so practice articulating your thoughts clearly. Think of examples where you’ve successfully collaborated with stakeholders and how you’ve adapted to feedback or changes in project direction.
✨Stay Updated on Market Trends
Research current trends in the insurance market and be ready to discuss how they might impact pricing strategies. Showing that you’re proactive about understanding the industry will demonstrate your commitment and solutions-focused mindset.
