Description de poste
Our client, an international insurance company is looking for a Senior Non-Life Pricing Actuary to strengthen the Pricing Department. He/she will be in charge of building and managing the pricing of Non-Life Insurance Product and harness the opportunities offered by data science and telematics practises.
The Senior Non-Life Pricing Actuary will be responsible to :
- Ensure the accuracy and adequacy of data from the production system, collaborating with IT teams and contractors to implement necessary changes.
- Develop and update risk models crucial for price setting regularly as more data becomes available. Additionally, create demand models (price elasticity) as needed to support the risk models.
- Work with business stakeholders to design and propose a commercial pricing strategy that aligns with business objectives, considering risk models, pricing structures, competitive environment, and customer behaviour.
- Based on business goals, KPIs, and ad-hoc analyses, recommend rate adjustments to enhance product performance (both new business and renewals). Suggest renewal strategies to optimize portfolio profitability while supporting business growth.
- Assist in the creation or enhancement of KPI reports to track sales performance and portfolio profitability according to risk and customer profiles.
- Conduct various analytical investigations to gain deeper insights beyond those provided by KPI reports.
- Document all work and models thoroughly.
- Present findings and recommendations to a non-technical audience.
Profile
- University Degree in Mathematics, Physics, Data Science or Statistics
- Preferably but not required, making progress in Actuarial exams with the Institute of Actuaries or equivalent
- 5+ years working in insurance P&C line of business, preferably Personal Lines
- Python, R, SQL knowledge and experience is a plus
- Practical knowledge of visualization tool such as Power BI or Tableau
- Ability to communicate clearly and effectively to non-technical audience
- Diligence and reliability in the work carried out
- Fluency in English