Specialty Pricing Actuary

Overview5 days ago Be among the first 25 applicants

Join us as a Specialty Pricing Actuary to take your career to the next level with a global market leader.

Make your mark in Talbot Underwriting

Talbot operates within the Lloyd’s Insurance Market through Syndicate 1183 and Syndicate 2019. With an expert team of highly skilled and experienced underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry leading insurance specialist.

Talbot writes a diversified portfolio including Crisis Management, Energy, Financial Lines, Marine, Political Risk, Property and Terrorism. Drawing on our deep industry expertise, Talbot develops tailored insurance solutions that address clients’ evolving and often unique needs.

Part of AIG since 2018, Talbot is committed to working with brokers and clients to deliver industry leading solutions. It is headquartered in London with offices in New York and Singapore.

How you will create an impactThis is a fantastic role for a qualified actuary to join our team and lead on Energy, Political Risk, Accident and Health and Crisis Management. You gain a good breadth of knowledge on Lloyd’s products, and you will have the opportunity to network with senior stakeholders across the business.

This is a key role supporting maintenance, development and calibration of rating tools, and transactional account pricing.

Some of the key responsibilities include:

Work across various lines of business to support Underwriters to develop more profitable portfolios through:

Development of pricing models

Maintenance and enhancement of existing pricing models

Periodic recalibration of pricing models and tools to reflect the current year’s business plan.

Perform and develop individual risk pricing in support of the underwriters.

Assist in the collection and research of pricing data, and then in the development of analysis and reporting of pricing data.

Provide actuarial support for business initiatives

Evolve pricing standards as per market requirements (eg: Lloyds BPPF, consistency with AIG)

Incorporate feedback from internal reports on model usage/ portfolio analytics to determine model updates

Support pricing modernisation initiatives including building and maintaining raters in HX

Drive and embed pricing governance within the team (developing clear audit trails, setting governance priorities)

Introduce new profitability studies which define how the team approaches planning going forwards

Train the team in account pricing, using bespoke approaches, with a particular focus on communication of results to underwriters, setting the standard for how the team approaches account pricing going forwards

Establish best practice for re-platformed models

What you’ll need to succeed:

Qualified Actuary

Pricing experience within General Insurance

Data manipulation and technical modelling skills

Strong analytical skills

Strong organisational skills with excellent attention to detail

Seniority level

Not Applicable

Employment type

Full-time

Job function

Other

Industries

Insurance

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