Reinsurance Pricing Actuary (LAH) in London

At QBE, we get to the heart of what matters for our customers. We’re an international insurer with more than 13,000 people working across 26 countries. It’s an exciting time as we build momentum towards our vision to become the most consistent and innovative risk partner. Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.

QBE Re is the reinsurance arm of QBE Insurance Group, operating globally to deliver tailored risk solutions across a wide range of sectors. Our Brussels and London office plays a strategic role in supporting international operations, combining local market insight with the strength of a global network. We foster a collaborative and inclusive culture, where innovation and expertise drive impactful outcomes for our clients and partners.

We are looking for a Reinsurance Pricing Actuary to join one of our teams (in Brussels or London), supporting the pricing and profitability of QBE Re’s LAH (Life, Accident & Health) reinsurance portfolio. The role involves close collaboration with underwriting and actuarial stakeholders to develop robust pricing methodologies, enhance models and tools, and support sustainable, profitable growth across international markets.

Your new role:

• Provide support to plans to deliver the pricing strategy.
• Provide support on pricing projects to improve pricing techniques and processes for profitable growth.
• Ensure compliance with internal governance, actuarial and regulatory standards.
• Build and maintain relationships with key external and internal stakeholders to improve pricing models.
• Develop pricing tools and rates to ensure robust methods are adopted by the business.
• Support the continuous development of minimum pricing standards and methodologies.
• Investigate and understand the range of models and rating tools used in divisions to identify weaknesses and strengths.
• Able to develop and modify complex actuarial models.
• Identify new opportunities for actuarial analysis and drive efficiencies.
• Present clear and well-organised analyses to appropriate audiences.
• Coordinate and oversee the work of professionals, including mentoring.
• Develop solutions to proactively ensure ongoing profitability of products.
• Maintain quality controls and standards throughout processes.
• Analyse and interpret data independently to support business decisions.

About You:

We’re looking for a motivated and technically capable actuary with a solid foundation in pricing and actuarial modelling, ideally within LAH insurance or reinsurance.

Skills and background you’ll need:

• A minimum of five years’ relevant actuarial experience, ideally within LAH insurance or reinsurance.
• Proven experience in actuarial pricing analysis and predictive modelling.
• A strong understanding of general insurance, with experience in reserving considered a strong advantage.
• Strong analytical, problem-solving and communication skills, with the ability to translate complex analyses into clear business insights.
• A proactive mindset, with the ability to identify improvement opportunities and drive efficiencies.
• Ability to work independently and to organise own work to meet deadlines.
• Active participation in the development of the knowledge of the team via knowledge sharing.

Qualifications:

• University degree (or equivalent combination of education and experience), preferably in actuarial science, mathematics, statistics or a related quantitative field.
• Actuarial qualification or progress towards actuarial certification is preferred.
• Strong knowledge of Microsoft Office, particularly Excel.
• Practical knowledge or exposure to programming in at least one of VBA, Python or R.
• Fluent English is required and if Brussels based, being French or Dutch native is a plus.

Benefits:

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working – part-time, job share and compressed hours.
• Pension – employer contributions of 10% of basic salary.
• Private medical insurance – comprehensive private medical cover for you and family.
• Family friendly policies – 26 weeks leave at full pay regardless of gender identity or parental status.
• Short term remote work abroad – up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing – pension strategy supports net-zero goals with investments in green businesses.
• Cycle-to-Work – benefit to bike up to the value of £5,000.

Equal Employment Opportunity: QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.