Pricing Analyst, Insurance

The Role:

Talented Pricing Analyst is sought by ever growing, highly successful insurance group operating in the London Market.
This role focuses on personal lines initially with increasingly more focus on specialty commercial lines business in line with our clients pricing strategy.

Key Responsibilities:

• Support the rate deployment in pricing tools and investigations on its accuracy.
• Support the pricing team in achieving high standards of work, including technical rating of all risks and regular monitoring of Delegated underwriting contracts.
• Lead investigation and preparation of data for performance analysis and parameterisation of pricing models.
• Support the production of pricing and performance MI capabilities and dashboards.
• Investigate pricing queries and respond appropriately to customers and highlight required model improvements to assist in the reduction of pricing queries and complaints.
• Analyse pricing model data including parameter validations, including lead investigations of alternative data sources for parameterisation of pricing models
• Support in depth portfolio analyses and performance management and present results to a variety of stakeholders
• Support risk segmentation analysis and recommendation of price change proposals to achieve business targets.
• Support for business and technical planning process.

Key Requirements:

• Proven pricing experience in general insurance
• Highly developed mathematical / statistical knowledge.
• Detailed knowledge of actuarial methods and techniques, and ability to apply them in practice, making reasoned judgements within a business environment.
• Experience with industry recognised pricing tools, such as Radar, Hx.
• Knowledge of a range of modelling techniques and applications for pricing
• Knowledge and understanding of FCA regulations and understanding of the underlying principles of insurance and reinsurance.

For a full consultation on this exciting new opportunity, give ARC IT a call today!