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- Tasks: Lead the Pricing & Portfolio Insight Squad to develop data-driven insurance models.
- Company: Join Chubb, a global leader in insurance with a strong reputation.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Why this job: Make impactful decisions using advanced statistical techniques in a dynamic industry.
- Qualifications: Degree in a quantitative field and experience with statistical modelling required.
- Other info: Collaborate with various teams and engage with senior leadership for strategic insights.
The predicted salary is between 36000 - 60000 £ per year.
Pricing & Portfolio Insight Product Owner is a key role within our insurance company, responsible for utilizing sophisticated techniques, such as Generalized Linear Models (GLMs), to develop accurate loss cost models for pricing and portfolio management purposes. This position requires a deep understanding of actuarial concepts, strong statistical modelling skills, and the ability to provide data-driven insights to support strategic decision-making.
This Product Owner is responsible for conducting robust quantitative and statistical analysis of our insurance product offerings and portfolio. Responsible for the running of the Pricing & Portfolio Insight Squad. The squad involves leveraging complex data sets to identify trends, patterns and insights that serve to improve product performance, optimize portfolio management and inform strategic decision-making. The Product Owner will collaborate closely with various stakeholders including underwriting, actuarial, risk management and the executive team, assisting in driving evidence-based decisions, promoting profitability and enabling efficient portfolio management.
Key Responsibilities / Accountabilities- Develop and maintain loss cost models using GLMs and other advanced statistical techniques, incorporating relevant variables and factors for accurate pricing and risk assessment.
- Analyse historical insurance data to identify patterns and trends, and determine the impact of various factors on loss costs.
- Collaborate with underwriting, claims, and finance teams to understand business needs and provide data-driven insights for portfolio management.
- Conduct rate level reviews to ensure appropriate pricing of insurance products, considering risk exposure, market dynamics, and profitability goals.
- Enhance loss cost models over time by incorporating new data sources, refining variables, and exploring innovative modelling techniques.
- Evaluate the impact of pricing strategies, policy changes, and market shifts on portfolio performance, and make recommendations for adjustments, if needed.
- Present findings and recommendations to stakeholders, including senior management and underwriting teams, in clear and concise reports.
- Excellent analytical and problem-solving skills, with the ability to translate data into meaningful insights and recommendations.
- Bachelor’s degree (or equivalent) in a quantitative field such as Data Science, Actuarial Science, Statistics, or Mathematics.
- Related practical experience, preferably in commercial insurance sector.
- Strong proficiency in statistical modelling techniques, specifically GLMs, and experience with software tools like R, SAS, or Python.
- Solid understanding of insurance pricing principles, loss reserving, and risk assessment methodologies.
- Familiarity with insurance industry regulations, standards, and best practices.
- Proficiency with data analysis and visualisation tools and platforms, preferably Qliksense, Power BI, Alteryx, etc.
- Experience of using AI within daily ways of working.
- Ability to provide hands-on direction and day-to-day execution ownership in a multidisciplinary team.
- Relevant knowledge and understanding of business objectives to align with product vision.
- Demonstrated ability to think both strategically and tactically.
- Excellent communication and presentation skills; comfortable in engaging with senior leadership.
- Ability to effectively identify and manage needs of a broad range of stakeholders.
- Ability to juggle multiple priorities and handle unexpected challenges that arise within projects, adapting quickly and effectively.
- Strong self-motivator with a contagious ability to spread energy to team.
About Us: Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Pricing & Portfolio Insight Product Owner employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing & Portfolio Insight Product Owner
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those who work with pricing and portfolio insights. A friendly chat can lead to valuable connections and even job leads.
✨Tip Number 2
Show off your skills! Prepare a portfolio showcasing your statistical modelling projects, especially using GLMs. This will give potential employers a taste of what you can bring to the table.
✨Tip Number 3
Be proactive! Don’t just wait for job openings; reach out to companies directly. Express your interest in their work and how you can contribute, especially through our website.
✨Tip Number 4
Practice your pitch! Be ready to explain your analytical approach and how you’ve used data to drive decisions. Confidence in your communication can set you apart during interviews.
We think you need these skills to ace Pricing & Portfolio Insight Product Owner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing & Portfolio Insight Product Owner role. Highlight your experience with GLMs and statistical modelling, as well as any relevant projects that showcase your analytical skills. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Don’t forget to mention your experience in the insurance sector and your ability to collaborate with various stakeholders.
Showcase Your Analytical Skills: In your application, be sure to highlight specific examples of how you've used data to drive decisions. Whether it's through loss cost models or portfolio management, we want to see your analytical prowess in action. Numbers speak louder than words!
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people. Let’s get started on this journey together!
How to prepare for a job interview at Chubb
✨Know Your Numbers
As a Pricing & Portfolio Insight Product Owner, you'll need to demonstrate your understanding of statistical modelling techniques, especially GLMs. Brush up on your knowledge of loss cost models and be ready to discuss how you've applied these in past roles. Prepare to explain complex data insights in a way that’s easy for non-technical stakeholders to grasp.
✨Showcase Your Collaboration Skills
This role involves working closely with various teams like underwriting and risk management. Think of examples where you successfully collaborated with different departments to achieve a common goal. Be prepared to discuss how you can bridge the gap between technical analysis and business needs.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, such as adjusting pricing strategies based on market shifts. Practice articulating your thought process and decision-making skills. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Communicate Clearly and Confidently
You’ll need to present findings to senior management, so practice summarising complex information into concise reports. Work on your presentation skills to ensure you can convey your insights confidently. Remember, clarity is key when discussing data-driven recommendations!
