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- Tasks: Lead pricing for Cyber portfolio, manage reviews, and develop tools independently.
- Company: Dynamic insurance firm in London with a hybrid working model.
- Benefits: Competitive salary, flexible work, and opportunities for professional growth.
- Other info: Mentorship opportunities and a supportive team environment.
- Why this job: Join a cutting-edge team and shape the future of Cyber insurance.
- Qualifications: Experience in pricing within Lloyd’s Market and strong analytical skills.
The predicted salary is between 60000 - 80000 £ 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.
- 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 in London employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cyber Pricing Lead in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to Cyber Pricing. We recommend doing mock interviews with friends or mentors to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your skills! Bring examples of your work or case studies to interviews. This will help you demonstrate your expertise in pricing models and your understanding of the Cyber insurance landscape.
✨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, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Cyber Pricing Lead in London
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 effectively.
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: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen on joining our team!
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 to explain complex concepts in simple terms, as effective communication is crucial.
✨Showcase Your Cyber Savvy
Make sure you highlight any experience you have with Cyber insurance. Be prepared to discuss specific cases where you've managed pricing for large risks or binder reviews. This will show that you understand the nuances of the Cyber class of business and can hit the ground running.
✨Mentorship Matters
Since part of the role involves mentoring junior team members, think about examples from your past where you've trained or supported others. Share how you approach mentorship and what strategies you use to help others grow. This will demonstrate your leadership skills and team spirit.
✨Stay Current with Regulations
Familiarise yourself with FCA regulations and Lloyd’s standards before the interview. Being able to discuss how these impact pricing decisions will show that you're not just technically skilled but also aware of the broader regulatory environment. It’s a great way to set yourself apart!