At a Glance
- Tasks: Lead pricing strategies and develop data-driven frameworks for insurance products.
- Company: Wakam, a mission-driven leader in digital and embedded insurance across Europe.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Join a dynamic team dedicated to social responsibility and impactful insurance solutions.
- Why this job: Make a real impact in the insurance industry with innovative pricing solutions.
- Qualifications: Experience in actuarial science, data analytics, and strong stakeholder management skills.
The predicted salary is between 36000 - 60000 £ per year.
Who We Are
Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug technology platform for more than 80 partners. We provide most of our insurance products through APIs and host white-label insurance solutions via our Play&Plug technology platform. With a footprint spanning 32 countries, Wakam is the European leader in digital and embedded insurance. Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to enabling transparent and impactful insurance.
About the Team
The Underwriting team at Wakam lies at the core of strategic decision-making and risk analysis. Our mission? To develop pricing strategies and risk frameworks that ensure profitable, sustainable, and competitive insurance solutions for our partners. We blend actuarial science, data analytics, and innovation to build cutting-edge products across Europe — from Motor and Home to Pet, A&H, and Extended Warranty. We partner closely with MGAs, reinsurers, and internal teams to bring our vision to life.
Your Mission
As a Pricing Actuary / Pricing Lead you will play a pivotal role in delivering Wakam's UK pricing across products including Motor, Home, Pet, and SME insurance. You will lead the development and implementation of data-driven pricing frameworks, ensuring alignment with business objectives, market dynamics, and regulatory expectations. This role combines strategic thinking, hands-on technical delivery, and strong stakeholder management—internally and externally.
Your Responsibilities
- Pricing Strategy: You execute pricing strategies to deliver profitable growth and market competitiveness. You collaborate with distribution partners (including MGAs) to understand market needs, refine pricing models, and design tailored solutions. You carry out statistical risk modelling, define target profitability and pricing criteria, and implement pricing models—often via APIs through Wakam's platform or in coordination with partners.
- Portfolio Management & Analytics: You develop management information and run ad-hoc analyses to support key decisions. You monitor and optimise portfolio performance, contribute to improved forecasting, and conduct regular reviews of pricing structures, profitability, and customer segmentation.
Pricing Actuary/ Pricing Lead in London employer: Wakam
Wakam is an exceptional employer that champions innovation and social responsibility within the insurance sector. With a strong focus on employee growth, we offer a collaborative work culture where your contributions directly impact our mission of delivering transparent and impactful insurance solutions across Europe. Located in a dynamic environment, our team thrives on creativity and data-driven decision-making, providing you with unique opportunities to develop your skills while working alongside industry leaders.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary/ 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 researching Wakam and its products. Understand their pricing strategies and be ready to discuss how your skills can contribute to their mission. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your experience and how it aligns with the role of Pricing Actuary. Highlight your analytical skills and any relevant projects that demonstrate your ability to develop data-driven pricing frameworks.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about joining our mission-driven team.
We think you need these skills to ace Pricing Actuary/ Pricing Lead in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pricing Actuary role. Highlight relevant experience in pricing strategies, data analytics, and stakeholder management. We want to see how your skills align with our mission at Wakam!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about insurance and how you can contribute to our team. Be sure to mention any specific projects or achievements that relate to the role.
Showcase Your Analytical Skills:Since this role involves a lot of data-driven decision-making, make sure to showcase your analytical skills. Include examples of how you've used data to inform pricing models or improve portfolio performance in your previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us at Wakam!
How to prepare for a job interview at Wakam
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your strong grasp of statistical analysis and risk modelling. Brush up on key metrics and be ready to discuss how you've used data to inform pricing strategies in the past. Bring examples of your work that showcase your analytical skills.
✨Understand Wakam's Mission
Familiarise yourself with Wakam's commitment to social responsibility and their innovative approach to insurance. Be prepared to discuss how you can contribute to their mission of providing transparent and impactful insurance solutions. Show them that you align with their values!
✨Prepare for Stakeholder Scenarios
Since this role involves strong stakeholder management, think about past experiences where you've collaborated with partners or internal teams. Prepare to share specific examples of how you navigated challenges and built relationships, as this will highlight your interpersonal skills.
✨Stay Current with Market Trends
Wakam operates in a dynamic market, so it's crucial to stay updated on industry trends and regulatory changes. Research recent developments in the insurance sector, especially regarding digital and embedded insurance, and be ready to discuss how these might impact pricing strategies.
