Test Environment

Pricing Actuary - Property

Posted on - 07 January 2019

Purpose of Role

Help the Actuarial Pricing team achieve its goals and provide pricing support to the Property Division.

Pricing

  • To assist with pricing models as follows:
  • the development of new pricing models. 
  • the maintenance and enhancement of existing pricing models. 
  • the periodic recalibration of pricing models and tools to reflect the current year's business plan. 
  • To perform and develop individual risk pricing in support of the underwriters. 
  • To assist in the collection and research of pricing data, and then in the development of analysis and reporting of pricing data.
  • To be an expert on the exposure, rate, and adequacy data for supported Classes

Rate Monitoring

  • To assist in the support of the existing rate monitoring process, eg to assist in the development of tools to help underwriters assess rate changes.  

Business Planning & Capital Modelling

  • To assist the Strategic Analysis sub-team as required in developing annual business plans and parameterisation of gross loss in the Internal Model.
  • To assist with Internal Model Validation as required  

People Management 

  • To maintain strong relationships with the Underwriting teams within supported Classes
  • To coach junior members of the Analytics Department.
  • To be a proponent of analytics and data management to the wider business

General

  • To assist generally in the efficient running and management of the business. 
  • To help the Actuarial Pricing team achieve its goals, with particular emphasis on the following areas. 

Experience

  • London market pricing experience

Qualifications

  • AIA or FIA

Desired Skills

  • Strong organizational skills
  • Good communication skills (oral and written)

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