Reinsurance Technical Pricing Actuary

Reinsurance Pricing Analyst


Location: The City of London

Sector: General Insurance

Reporting to: Lead Reinsurance Actuary

Contract Type: Permanent

Hours: Full Time

Salary: £60,000 – £90,000 basic P/A

Further Information


Our Client, a leading syndicate in the Lloyd’s market, is searching for a bright, technically-minded & personable individual to join their reinsurance team.

Key Responsibilities:

  • Pricing of individual casualty submissions and preparing documentation and reports to communicate the results to underwriters

•             Key input in development and application of pricing models for use in casualty and other lines of reinsurance underwriting

•             Calculate loss trends (claims inflation, claims frequency etc.) to ensure accurate modelling of individual accounts as well as the portfolio as a whole

•             Determine and monitor the ‘dials’ (e.g. actual v expected loss emergence) to ensure any under-pricing is identified

•             Development and maintenance of RDS (realistic disaster scenarios) for the Casualty Treaty portfolio

•             Profitability monitoring role: bridge between front end pricing and reserving actuaries

•             Individual account review: check exposure, development patterns etc. are correctly modelled

•             Production of ad hoc profitability metrics and reports

•             Provide proactive challenge to underwriters: debate assumptions and proposed structures

•             Interaction with brokers, clients and broker actuarial support teams

•             Provide general reinsurance actuarial support in London, liaising with Bermuda based actuarial team to ensure pricing consistency across reinsurance

Key Skills & Experience:

•             University degree preferably in actuarial sciences, mathematics or statistics

•             At least part qualified actuary

  • Have an excellent track record of providing high-quality analysis with at least 3 years’ experience of actuarial pricing within the insurance/reinsurance environment, preferably with some exposure to casualty classes
  • An ability to gather and use data to identify areas of change or improvement that can bring  about the greatest benefit to the business

•             A pragmatic approach to problem-solving

•             Computer savvy with strong Excel skills and aptitude to learn formulas with ease

•             Proficiency in writing VBA code an asset, as are skills in SQL and R/Python

•             Strong interpersonal skills, not afraid to voice opinion and challenge others

•             Able to communicate data/information and explain the results clearly and succinctly

•             Proven track record of taking initiative and being proactive

•             The energy and determination to succeed in a very fast-paced environment

•             An inquisitive appetite to learn about and understand the business