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Job description

Job Description:
Position: Pricing Actuary

Location: London, UK

Band: III

Reports to: Head of Casualty Pricing

Applications close on Monday 24 May

About the team:

Hiscox London Market has an exciting future. The market is booming and rates are the best we have seen in years. With a business plan of almost $400m GWP to deliver, the Casualty division is at the forefront of this market momentum. As part of our Pricing team embedded within the Casualty division, you will be working with underwriters from General Liability, Directors' & Officers' and Cyber to help them make commercial decisions to ensure the division smashes the plan.

The role

This role will be mainly focused on General Liability (GL) and you will be embedded in the GL team, but there will be the opportunity to be involved in the other two Casualty lines. In particular, you will play a key role in driving forward our London Market Pricing Strategy by developing and updating our models to make them the best in Lloyd's. The Hiscox GL team is a Lloyd's leader with a strong team spirit and you will work collaboratively with this team to directly contribute to our big ambitions. We are looking for someone who can take ownership, work independently and thrive on ambiguity. We want an individual with a high level of technical expertise, who can work around a problem and communicate effectively. You will need to be able to confidently make sound business decisions and be able to back these up with the relevant facts and figures. You will need to be able to find solutions to problems where there isn't an established approach and influence other decision makers within the team. You should also be inquisitive and restless to learn.

What you'll be doing as a Pricing Actuary in the Casualty Team:

  • Providing analytical support for the underwriters and management through large risk pricing and portfolio analysis.

  • Leading the transformation of the models within Casualty to make them slick, automated and user-friendly so that they become a benchmark for best-practice for all open market classes across London Market.

  • Finding insight in large data sets and exploring around the subject to glean competitive advantage

  • Using new techniques to help London Market get the most from its data

  • Providing high quality pricing analysis to help assess the expected profitability of new opportunities

  • Clearly and concisely communicating complex issues to a wide variety of stakeholders

    Person Specification:
    Our must-haves:

  • Educated to degree level with numerate emphasis

  • Experienced analytical background with at least 7 years work experience in general insurance

  • London Market Pricing experience with proven track-record of model development and improvement

  • Superb Excel skills and knowledge of R/SQL/VBA/Python

  • Speak and write fluent business English

    Our nice-to-haves:

  • Qualified Actuary

  • Casualty insurance experience

    About Hiscox

    As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

    We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

    Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

    Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

    Diversity and flexible working at Hiscox

    At Hiscox we care about our people. We hire the best people for the job and we're committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn't always have to be 'nine to five' and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

    If you would like to know more about the role, or you are having any difficulties with the application process please send your CV and the four-digit job ref number to
    [email protected]
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    How would you fit?

    Learn more about Hiscox

    Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.

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