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- Tasks: Join our pricing team to shape digital product strategies and support automated underwriting.
- Company: A forward-looking commercial insurer based in London, focused on innovation and technology.
- Benefits: Enjoy a competitive salary, flexible working, and strong career progression support.
- Why this job: Influence digital product pricing while collaborating with international stakeholders in a dynamic environment.
- Qualifications: FIA (or nearly qualified) with experience in commercial lines pricing and knowledge of digital platforms.
- Other info: This role offers a unique chance to drive innovation in data use and model deployment.
The predicted salary is between 43200 - 72000 £ per year.
A forward-looking commercial insurer is seeking a qualified or nearly qualified actuary to join its London-based pricing team with a specific focus on digital distribution and automated underwriting. This is an exciting opportunity to work at the intersection of pricing, technology and underwriting, helping to shape digital product strategies across a portfolio that includes Fleet, Commercial Package and Agricultural Vehicle classes.
What you’ll be doing:
- You’ll play a central role in supporting the evolution of e-traded products and automated pricing capability across the UK commercial motor book.
- Developing strong working relationships with underwriters, senior management and pricing colleagues across Europe.
- Leading and supporting the development, maintenance and testing of pricing models, particularly those underpinning digital products.
- Monitoring and analysing portfolio performance including rate movement, mix changes and quote conversion.
- Acting as a key actuarial point of contact for the UK digital underwriting business.
- Providing input into reinsurance planning, ULR projections, catastrophe risk templates and performance reviews.
- Driving innovation in data use, model deployment and the delivery of actionable insights to the business.
What you’ll bring:
- FIA (or nearly qualified) with experience in commercial lines pricing.
- Proven knowledge of digital or automated underwriting platforms and tools.
- Familiarity with relevant product lines – particularly Fleet, Commercial Package and Agricultural Vehicle.
- Solid technical skills – ideally with exposure to SAS, Excel (incl. VBA), Python, VB.Net or SQL.
- A working understanding of the London market or European reinsurance environment is a plus.
- Strong analytical thinking, attention to detail and a collaborative mindset.
- Excellent communication skills and the confidence to advise underwriters and challenge constructively where appropriate.
Why consider this role?
You’ll join a collaborative and international pricing function with exposure to stakeholders in both London and continental Europe. This is a genuine opportunity to influence the way digital products are priced and monitored. The business offers a competitive salary, flexible working and strong support for career progression, along with a culture that encourages innovation, ownership and continuous learning.
If you’re an actuarial pricing professional looking to take the next step in your career, particularly in the digital space, feel free to get in touch for a confidential conversation.
Pricing Actuary employer: Versified
Contact Detail:
Versified Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary
✨Tip Number 1
Network with professionals in the actuarial and insurance sectors, especially those involved in digital underwriting. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in pricing and technology.
✨Tip Number 2
Familiarise yourself with the specific digital tools and platforms mentioned in the job description. Gaining hands-on experience or certifications in SAS, Python, or SQL can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your previous experiences with commercial lines pricing and how you've contributed to projects involving automated underwriting. Be ready to share specific examples that highlight your analytical skills and collaborative mindset.
✨Tip Number 4
Research the company’s current digital products and pricing strategies. Understanding their approach will allow you to tailor your discussions during interviews and demonstrate your genuine interest in contributing to their goals.
We think you need these skills to ace Pricing Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial lines pricing and any relevant technical skills, such as SAS, Excel, or Python. Emphasise your familiarity with digital underwriting platforms and your analytical abilities.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific projects or experiences that demonstrate your ability to support digital product strategies and your collaborative mindset.
Showcase Relevant Experience: When detailing your work history, focus on achievements related to pricing models, portfolio performance analysis, and any innovative data use. This will show your potential employer that you can contribute effectively to their team.
Prepare for Interviews: If invited for an interview, be ready to discuss your previous work in detail. Prepare examples of how you've successfully collaborated with underwriters and management, and be prepared to share insights on the London market or European reinsurance environment.
How to prepare for a job interview at Versified
✨Understand the Role
Make sure you have a clear understanding of what a Pricing Actuary does, especially in relation to digital distribution and automated underwriting. Familiarise yourself with the specific responsibilities mentioned in the job description, such as developing pricing models and monitoring portfolio performance.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with relevant tools and programming languages like SAS, Excel, Python, or SQL. Highlight any projects where you've successfully applied these skills, particularly in commercial lines pricing or digital underwriting.
✨Demonstrate Analytical Thinking
During the interview, provide examples of how you've used analytical thinking to solve problems or improve processes in previous roles. This could include discussing how you've monitored rate movements or analysed quote conversions.
✨Prepare Questions for Them
Have insightful questions ready to ask the interviewers about their digital product strategies and how they envision the role evolving. This shows your genuine interest in the position and helps you assess if the company is the right fit for you.
