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Reinsurance Pricing Analyst

The role

To provide a high quality and effective actuarial service to underwriters and management.

To assist to deliver the objectives of the Actuarial Pricing Team that are agreed each financial year by the Group Chief Actuary.

Key accountabilities

Strategy and Planning

  • Conduct portfolio analyses and other appropriate actuarial investigations for validating and improving the rating structures used in pricing
  • Assist Reserving actuaries by supplying appropriate information
  • Assist Risk Management and Capital Modelling by supplying appropriate information
  • Assist with business planning

Policy, Process and Procedures

  • Monitor and report on the use of pricing tools
  • Contribute to improving the pricing process

Environmental Awareness/Customer Focus

  • Provide actuarial support to underwriters and their customers in the pricing of individual accounts
  • Provide training to users of pricing tools where appropriate or required

Technical Performance

  • In conjunction with other actuaries and underwriters, specify, develop, test and maintain existing pricing tools in use by underwriters

People Management

  • Ability to communicate statistical and actuarial output to underwriters using appropriate language
  • Strong Interpersonal skills

Skills & experience

  • BSc in Mathematics, Statistics, Economics, Actuarial Science, Computer Programming or similar
  • Qualified actuary (IFOA or equivalent)
  • Advanced knowledge of MS Excel (essential)
  • Knowledge of programming languages such as VBA, SQL, Python, C#, R etc advantageous
  • Good working knowledge of MS Access, MS PowerPoint and MS Word
  • An understanding of actuarial techniques for reserving casualty, specialty and property insurance
  • An understanding of risk based capital and actuarial techniques for capital assessment and allocation
  • Experience in pricing general insurance business advantageous
  • Knowledge of actuarial techniques for pricing primary, excess of loss and catastrophe insurance / reinsurance products
  • Familiarity of simulation techniques used for pricing loss sensitive product features
  • Familiarity with technical concepts and practices in the US admitted and E&S Markets / London Market / UK Commercial Lines Insurance / Financial & Professional Lines Insurance

Reinsurance Pricing Analyst

London, UK
Full time
Lloyd's of London Market

Published on 09/27/2021

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