Overview
Key responsibilities including however, not limited to the following:
- Pricing Strategy Development: Lead the creation and implementation of pricing models and strategies for travel insurance products across both risk and retail, balancing commercial focus with customer fairness and regulatory compliance (FCA, Pricing Practices, etc.)
- Pricing Innovation: Drive innovation in pricing techniques (GLMs, machine learning, data enrichment, etc.) while ensuring clarity and transparency in methods used
- Software Utilisation: Utilise tools such as Emblem and Radar (Live) to develop, test, and refine pricing algorithms and models
- Market Research: Conduct competitive analysis to understand market positioning and identify areas for improvement
- Reporting: Prepare and present regular reports on pricing performance, market trends, and recommendations to senior management
- Collaboration: Work closely with Underwriting, Marketing, Claims and Product teams to ensure pricing strategies align with business objectives
- Champion team wellbeing, inclusion, and growth: mentor and develop junior team members with empathy and active support. Embed a feedback-driven culture and regularly participate in company-wide initiatives that support wellbeing, collaboration, and social responsibility
- Regulatory Compliance: Ensure pricing strategies comply with relevant regulations and industry standards
Qualifications Required
- A Bachelor’s degree in Finance, Economics, Mathematics, or a related field
Experience Required
- Strong analytical skills and experience in data analysis tools (e.g., Excel, SQL, R/Python desirable)
- A background in actuarial or data science within UK general insurance
- Hands-on experience in building and refining pricing models (GLMs essential; machine learning desirable)
- Familiarity with tools such as Emblem, Radar, Python, R, or SQL
- Solid understanding of the UK insurance regulatory environment, especially FCA pricing reforms
- Proven ability to coach and inspire analysts of varying levels
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LEAD PRICING ANALYST – TRAVEL INSURANCE | 30145 in London employer: The Emerald Group Ltd, Search and Selection
Join a forward-thinking UK insurance business that champions innovation and collaboration in the Pricing function. With a hybrid work model allowing for flexibility, employees benefit from a supportive culture that prioritises professional growth and development, alongside competitive remuneration and comprehensive benefits. This role not only offers the chance to influence pricing strategy but also fosters strong interdepartmental relationships, making it an ideal environment for those seeking meaningful and impactful work.
Contact Details:
The Emerald Group Ltd, Search and Selection Recruitment Team
