Pricing Actuary/ Pricing Lead

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 is 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.

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.

• 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. 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—taking into account competitor pricing, claims trends, and regulatory updates.
• Technical Pricing: You design, implement, and enhance pricing models using actuarial and statistical methods. You monitor model performance and recalibrate when needed, and you investigate innovative technical solutions to complex business problems. You also perform peer reviews of MGA pricing proposals to ensure technical robustness and consistency.
• Stakeholder & Partner Management: You collaborate with MGAs and internal teams to support pricing decisions, product design, and portfolio management. You present results internally and to distributors, communicate complex pricing topics to non-technical audiences, and ensure pricing strategies remain compliant with applicable UK regulatory requirements.

What You Bring:

• 7+ years’ experience in pricing roles within the UK insurance market, covering Motor, Home and/or SME.
• Strong understanding of UK market dynamics and the regulatory framework.
• Demonstrable proficiency in actuarial techniques and pricing modelling.
• Experience with P&C pricing tools (e.g., AKUR8, RADAR, EARNIX or equivalent).
• Strong programming skills in SQL and/or Python.
• Experience with machine learning approaches and data visualisation tools (e.g., Power BI, Tableau).
• Proven track record of leading pricing projects and/or teams.
• Excellent communication skills and ability to influence stakeholders at all levels.
• Strong commercial acumen and strategic thinking.
• Actuarial qualification (FIA/FFA) or progress toward qualification (ideal but not required).
• Experience working with MGAs or within a B2B2C insurance model.

You combine rigour and analytical excellence with pragmatic execution. You are solutions-oriented, intellectually curious, and comfortable challenging the status quo when needed. You thrive in a fast-paced, international environment and communicate clearly across a wide range of stakeholders. You take ownership of outcomes, act with high integrity, and bring resilience and positive energy to your work. You are comfortable with modern data tooling and automation, and you enjoy building repeatable, auditable analysis workflows. You’re curious about advanced analytics and AI when they add measurable value (segmentation, monitoring, decision support), while maintaining high standards for traceability, explainability, and governance.

You’ll join a leading European embedded insurer where pricing has direct impact and visibility. You’ll work on diverse UK products, collaborate with a broad ecosystem (including MGAs), and help build scalable, data-driven pricing frameworks in a regulated context.

We aim for a fast and insightful process: Introductory Interview with our Talent Acquisition Partner, Manager Interview with our UK Chief Underwriting, Technical Interview with the EU Team, Culture Fit Interview in our London office with the Head of People and our Chief Underwriting.

Ready to build the future of pricing at Wakam? Apply now and become part of our journey to redefine embedded insurance across Europe. Check out our website to learn about the cultural markers that make Wakam truly special!

Benefits:

• True remote work flexibility with our Wakam From Anywhere (WFA) program.
• Flat hierarchical system promoting direct impact and autonomy.
• Monthly Free.day: dedicated time for personal growth and skills development.
• Lunch voucher with Swile card.
• A meaningful company: we became a Mission-driven company in March 2021.

Culture:

• Foster transparent collaboration across our flat organizational structure.
• Share knowledge freely in our highly collaborative environment.
• Contribute to our collective intelligence through open dialogue.
• Embrace our monthly Free.day for learning and skills sponsorship.
• Think big and challenge conventional insurance norms.
• Stay eager to learn and explore new possibilities.
• Take initiative to transform the insurance industry.
• Turn challenges into opportunities for innovation.
• Constantly evolve our ways of working.
• Focus on impact rather than hierarchy.
• Drive results through clear objectives and autonomy.
• Transform bold ideas into concrete solutions.

At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.