At a Glance
- Tasks: Lead the development of innovative risk pricing strategies for our motor insurance portfolio.
- Company: Join a digital insurance provider with ambitious growth plans in the UK market.
- Benefits: Attractive salary, flexible working, and opportunities for training and development.
- Other info: Inclusive recruitment process with support for all applicants.
- Why this job: Make a real impact on pricing strategies while fostering a collaborative team culture.
- Qualifications: Strong experience in insurance pricing and statistical modelling required.
The predicted salary is between 54000 - 66000 £ per year.
- Senior Risk Pricing Manager - Motor
- London / Bexhill / Leicester - Hybrid
We're a digital insurance provider with ambitious plans to become the best and biggest in the UK market.
We've made huge investments in our pricing and data capabilities over the past few years, along with nurturing our 4Cs culture.
We provide insurance for over four million customers, but we know there's even bigger opportunity out there - our Pricing, Data and Analytics community value curiosity, collaboration and constructive challenge.
We are always looking for new ideas and diverse perspectives to question established thinking and drive meaningful change.
Great pricing is built on trust, innovation and precision, so our aim is to ensure customers receive a fair and accurate price based on their individual risk, supporting fair outcomes, while delivering sustainable and profitable growth for our company.
Pricing is more than just a number - it's a strategic capability.
At the heart of Hastings is deep risk insight - continually improving how we assess, segment and price risk through data and analytics.
Role Overview
The Senior Risk Pricing Manager is responsible for leading the development, deployment, and governance of risk pricing models and strategies across the motor portfolio.
The role combines deep technical expertise with strategic leadership, ensuring pricing decisions are robust, commercially effective, and compliant with regulatory requirements.
Key Responsibilities
- 1. Pricing Strategy & Delivery
- Lead the design and implementation of risk pricing strategies across car portfolio
- Drive improvements in pricing sophistication, segmentation, and predictive capability.
- Own delivery of pricing changes from concept through to deployment, ensuring measurable commercial impact.
- 2. Modelling & Analytics
- Oversee development of advanced pricing models (GLMs, machine learning, telematics where relevant).
- Ensure models are statistically robust, well-documented, and aligned with business objectives.
- Translate complex analytical outputs into clear, actionable insights for senior stakeholders.
- 3. Governance & Compliance
- Ensure all pricing activity meets internal governance standards and regulatory requirements (e. g., GIPP compliance).
- Lead preparation and sign-off for Pre-RAC/RAC submissions and material pricing decisions.
- Maintain strong controls around model changes, documentation, and auditability.
- 4. Stakeholder Management
- Partner closely with Underwriting, Retail, Finance, and Analytical Engineering teams.
- Communicate pricing strategy and performance clearly to senior leadership (e. g., Ex Co, CPC).
- Influence cross-functional decisions to ensure alignment between pricing, trading, and underwriting.
- 5. Performance Monitoring
- Track and evaluate pricing performance (loss ratio, conversion, retention, etc.).
- Identify emerging trends and proactively recommend strategic adjustments.
- Ensure ongoing optimisation of pricing models and strategies post-deployment.
- 6. Team Leadership & Development
- Manage and develop a team of Pricing Managers, Analysts, and Senior Analysts.
- Provide coaching, technical guidance, and career development support.
- Foster a high-performance, collaborative, and inclusive team culture.
- Key Skills & Experience
- Strong experience in general insurance pricing (preferably UK motor).
- Deep technical expertise in statistical modelling (e. g., GLMs; exposure to ML desirable).
- Proven track record of delivering end-to-end pricing initiatives.
- Strong understanding of regulatory and governance requirements (e. g., GIPP).
- Excellent communication skills with ability to influence at senior leadership level.
- Demonstrated leadership and people management experience.
- Recruitment Process
- Recruitment screening call
- 1st Round Introwiththehiringleader
- Case Study round - a mix of Technical and Competency
As a Disability Confident employer, we're committed to ensuring our recruitment processes are fully inclusive - what this means to you is if you're applying for a job with us, you'll have fair access to support and adjustments throughout your recruitment journey.
We also welcome applications through the Disability Confident Scheme (DCS).
For more information on the DCS, please visit our inclusive business page on our careers website
What we offer
Join us and you'll find a different way of doing things.
We call it the 4Cs.
We focus on getting it right for our colleagues, customers, company and community.
As one of our colleagues, you'll be helping to drive our growth, so in return, we'll give you all the support, training and development you need.
Not to mention plenty of recognition and rewards, and the scope to voice your ideas and put them into practice.
- Reward
- Salary - Attractive salary based on experience + car allowance (pay reviews also completed each year)
- Flexible Working - We champion a flexible and hybrid working approach so please speak to your recruiter to discuss in more detail, including days in t
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Senior Risk Pricing Manager - Motor employer: hastingsdirect
Hastings Direct is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Senior Microservices Engineer role. With hybrid working options from Bexhill or Leicester, employees benefit from a flexible environment that encourages professional growth through mentorship and active participation in design discussions. The company prioritises engineering excellence and offers opportunities to lead projects, making it a rewarding place for those looking to make a meaningful impact in technology.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Pricing Manager - Motor
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like hastingsdirect). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like hastingsdirect. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Risk Pricing Manager - Motor
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at hastingsdirect.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at hastingsdirect. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at hastingsdirect
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at hastingsdirect to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at hastingsdirect, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding hastingsdirect's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
