Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead pricing for the Global Markets Cyber portfolio and mentor junior team members.
- Company: Join a leading firm in the Lloyd's Market with a focus on innovation.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team environment with a commitment to professional development.
- Why this job: Make a real impact in the fast-paced world of Cyber insurance.
- Qualifications: Experience in pricing within the Lloyd's Market and strong mathematical skills.
The predicted salary is between 70000 - 90000 £ per year.
We are looking for a Cyber Pricing Lead to join our London City office on a full-time basis with hybrid working of 2-3 days per week in the office.
Responsibilities
- Assume responsibility for the pricing for the Global Markets Cyber portfolio, including managing and appropriately prioritising case pricing reviews, development of tools and ad-hoc analysis independently and in a timely manner.
- Work autonomously on individual pricing assessments of large risks and binder reviews for the Cyber class of business, including clear communication of results to the underwriters.
- Effectively manage, mentor and support more junior team members, including providing training and reviewing their work as required.
- Uphold the high standards indicated within the Lloyd’s oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts.
- Support for the syndicate business planning process for the Cyber portfolio.
- Construction, review and maintenance of pricing models for the Cyber class of business, in Excel and hyperexponential.
- Renew Analysis of pricing model data including parameter validations.
- Production and review of pricing management information.
- New business initiative analyses and independent reviews.
- Support underwriting within depth portfolio analyses and performance management.
- Ensure all advice offered is in line with TAS requirements.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.
Knowledge and Skills
- Significant pricing experience in the Lloyd’s Market.
- Experience with Cyber insurance an advantage.
- Proven experience understanding a commercial insurance product intrinsically, to price renewals with little/no claim experience.
- Highly developed mathematical / statistical knowledge in (re)insurance.
- Effective communication skills and ability to translate complex models in business terms.
- Strong business acumen and interpersonal skills.
- Team player and willingness to train junior members in the team.
- Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment.
- Knowledge of a range of modelling techniques and applications for pricing.
- Current Lloyd’s market knowledge.
- Ability to work independently, managing the Cyber pricing portfolio.
- Willingness to continue to develop knowledge of any pricing related matters.
- Knowledge and understanding of FCA regulations and Lloyd’s standards.
- Knowledge and understanding of the underlying principles of insurance and reinsurance.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Cyber Pricing Lead employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cyber Pricing Lead
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in cyber pricing. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and understanding of the Lloyd’s market. Be ready to discuss your experience with pricing models and how you can contribute to the team.
✨Tip Number 3
Showcase your communication skills! During interviews, make sure you can explain complex pricing concepts in simple terms. This will demonstrate your ability to work effectively with underwriters and junior team members.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Cyber Pricing Lead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cyber Pricing Lead role. Highlight your relevant experience in pricing, especially within the Lloyd’s Market, and don’t forget to showcase your skills in managing complex models and communicating results clearly.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention your experience with Cyber insurance and how you can contribute to our team at StudySmarter. Keep it engaging and professional!
Showcase Your Skills: In your application, make sure to highlight your mathematical and statistical knowledge, as well as your ability to mentor junior team members. We love seeing candidates who can demonstrate their business acumen and interpersonal skills!
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 Cyber Pricing Lead position. Plus, it shows you’re keen on joining the StudySmarter family!
How to prepare for a job interview at Munich Re
✨Know Your Numbers
As a Cyber Pricing Lead, you'll need to demonstrate your strong mathematical and statistical knowledge. Brush up on key pricing models and be ready to discuss how you've applied them in past roles. Prepare examples that showcase your ability to analyse data and make informed pricing decisions.
✨Communicate Clearly
Effective communication is crucial in this role. Practice explaining complex pricing models in simple terms. Think about how you can convey your insights to underwriters and junior team members. Being able to translate technical jargon into business language will set you apart.
✨Showcase Your Team Spirit
This position involves mentoring junior team members, so be prepared to discuss your experience in training and supporting others. Share specific examples of how you've helped colleagues grow and how you foster a collaborative environment. Highlight your willingness to be a team player.
✨Stay Updated on Industry Trends
Make sure you're well-versed in current Lloyd’s market knowledge and FCA regulations. Research recent developments in cyber insurance and be ready to discuss how these trends could impact pricing strategies. Showing that you're proactive about staying informed will impress your interviewers.