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- Tasks: Join our Actuarial Team to enhance commercial strategies with innovative pricing insights.
- Company: Ki is a leading global insurtech revolutionising the insurance industry since 2021.
- Benefits: Enjoy competitive pay, flexible work options, and recognition for your hard work.
- Why this job: Be part of a diverse culture driving digital transformation in insurance with exciting challenges.
- Qualifications: A background in actuarial science or related fields is essential; creativity and commercial insight are key.
- Other info: Work closely with top partners like Google and UCL, shaping the future of insurance.
The predicted salary is between 43200 - 72000 £ per year.
Who are we? Ki is the biggest global insurance tech company you’ve never heard of, unless you’ve been looking to insure a satellite, wind farm or music festival recently. Having written over $877m in gross written premium in 2023, we’ve achieved significant growth since our beginnings in 2021. Our investors were excited about the fact we were revolutionising the way a 333 year-old industry was working. Together with partners at Google and UCL we developed Ki and created a platform that helps insurance brokers place risk in a fast and frictionless way. We’re continuing to lead the charge on the digitisation of this market and we need more excellent minds to work with us to realise this goal and create more opportunities.
Purpose of the Role
A fundamental Actuarial Team role embedded day-to-day within the Portfolio Underwriting Team at Ki, working side by side with the Underwriters to enhance Ki’s commercial and strategic approach using creative actuarial insight and innovative solutions. The role is commercially minded, supporting the SME Underwriters through expert technical and commercial pricing knowledge, adding input into the strategic direction. The role is exciting, working across all classes – Property, Specialty and Casualty, with a focus on facility business and new classes outside of the Algorithm.
The role is responsible for carrying out deal level pricing (outside of the algorithm) for facility deals and material or complex risks – providing challenge and direction. They are responsible for managing, maintaining and developing the deal level pricing model(s) outside of the algorithm, including documentation and relevant regulatory reporting/communication. This includes monitoring and re-calibrating, ensuring they meet commercial, actuarial, and regulatory requirements.
In addition, the role will develop class-specific management information and insight, ensuring its communication to stakeholders internally including the wider Pricing Team, Portfolio Management, Actuarial, Algorithmic Underwriting, Risk, as well as externally facing with brokers and clients. The role also involves working closely with the Algorithmic Pricing team to embed deal level pricing insight into the algorithm and supporting the continued development of algorithmic pricing and risk selection.
The role reports to the Head of Corporate and Pricing within the Actuarial Team, assisting in setting and managing the Pricing Policy including relevant thresholds and risks.
Our culture
Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you’re from, how you think, or who you love, we believe you should be you.
You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.
If this sounds like a role and a culture that appeals to you, let us know.
Commercial Pricing Actuary employer: Ki Insurance
Contact Detail:
Ki Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Pricing Actuary
✨Tip Number 1
Familiarise yourself with the latest trends in commercial pricing and actuarial practices. Understanding how technology is transforming the insurance industry, especially in areas like algorithmic pricing, will give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the insurance tech space, particularly those involved in actuarial roles. Engaging with industry events or online forums can provide insights into what companies like Ki are looking for in candidates.
✨Tip Number 3
Prepare to discuss your experience with deal-level pricing and how you've approached complex risks in previous roles. Be ready to share specific examples that demonstrate your analytical skills and commercial mindset.
✨Tip Number 4
Showcase your understanding of regulatory requirements and how they impact pricing models. Being able to articulate this knowledge will highlight your expertise and readiness to contribute to Ki's strategic goals.
We think you need these skills to ace Commercial Pricing Actuary
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Commercial Pricing Actuary position. Tailor your application to highlight relevant experience and skills that align with the role.
Craft a Tailored CV: Your CV should reflect your actuarial expertise and commercial acumen. Emphasise your experience in pricing models, regulatory reporting, and any relevant projects that demonstrate your ability to work alongside underwriters.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for Ki's mission and culture. Discuss how your background in actuarial science and your innovative approach can contribute to their goals in digitising the insurance market.
Highlight Your Soft Skills: Since the role involves collaboration with various teams, be sure to mention your communication skills and ability to work in diverse environments. Provide examples of how you've successfully worked with stakeholders in the past.
How to prepare for a job interview at Ki Insurance
✨Understand the Company and Its Culture
Before your interview, take some time to research Ki and its unique position in the insurance tech industry. Familiarise yourself with their innovative approach and commitment to inclusion and diversity, as this will help you align your answers with their values.
✨Showcase Your Actuarial Expertise
Be prepared to discuss your technical knowledge and experience in commercial pricing. Highlight specific examples of how you've applied actuarial insights to solve complex problems or enhance pricing strategies in previous roles.
✨Demonstrate Collaboration Skills
Since the role involves working closely with underwriters and other teams, be ready to share examples of how you've successfully collaborated in the past. Emphasise your ability to communicate effectively and contribute to a team-oriented environment.
✨Prepare Questions for the Interviewers
Having thoughtful questions ready shows your genuine interest in the role and the company. Ask about the future direction of Ki, the challenges they face in the market, or how the actuarial team collaborates with other departments to drive innovation.
