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For Companies At a Glance
- Tasks: Join a dynamic team to shape digital product strategies in pricing and underwriting.
- Company: A forward-looking commercial insurer based in London, focused on innovation.
- Benefits: Enjoy competitive salary, flexible working, and strong career progression support.
- Why this job: Influence digital product pricing while collaborating with international stakeholders.
- Qualifications: FIA (or nearly qualified) with experience in commercial lines pricing and digital tools.
- Other info: Opportunity 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.
Contact Detail:
Versified Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary (City of London)
✨Tip Number 1
Familiarise yourself with the latest trends in digital distribution and automated underwriting. Understanding how these technologies are shaping the insurance landscape will help you engage more effectively during interviews and discussions.
✨Tip Number 2
Network with professionals in the London market, especially those involved in commercial motor and specialty lines. Attend industry events or webinars to build connections that could provide insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your technical skills, particularly in SAS, Excel, Python, and SQL. Being able to demonstrate your proficiency in these tools can set you apart from other candidates and show your readiness for the role.
✨Tip Number 4
Prepare to discuss your experience with pricing models and portfolio performance analysis. Be ready to share specific examples of how you've contributed to similar projects, as this will highlight your relevant expertise and problem-solving abilities.
We think you need these skills to ace Pricing Actuary (City of London)
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. Discuss how your background aligns with the responsibilities of developing pricing models and supporting digital product strategies.
Showcase Relevant Experience: When detailing your work history, focus on specific projects or roles where you contributed to pricing models or automated underwriting. Use metrics to demonstrate your impact, such as improvements in quote conversion rates.
Prepare for Interviews: If selected for an interview, be ready to discuss your technical skills and how they apply to the role. Prepare examples of how you've collaborated with underwriters and management, and be ready to share insights on the London market or European reinsurance.
How to prepare for a job interview at Versified
✨Understand the Role
Make sure you have a solid grasp 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 platforms.
✨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
Think of insightful questions to ask your interviewers about their digital product strategies or the challenges they face in the market. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
