Role: Insurance Pricing Actuary
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid
About The Job
If you love and understand financial risk – Assessing it. Evaluating it. Managing it. Advising on it. – You’ll fit right in.
The purpose of this role is to join our Insurance Pricing team in providing the analytical and pricing support for the Marine and Natural Resources Divisions.
What you’ll spend your time doing:
As an Insurance Pricing Actuary, you’ll be at the forefront of supporting Underwriting with data-driven insights. While no two days are alike, here’s a snapshot of some key responsibilities:
- Collaborate with underwriters to assess risk and optimise pricing strategies in line with syndicate profitability targets.
- Produce clear, data-driven pricing recommendations and present findings to senior stakeholders by carrying out large account case pricing.
- Drive change and continuous improvements across the pricing team, ensuring that processes, models, and strategies evolve to meet business needs and industry best practices.
- Take ownership of the development, validation, and deployment of complex pricing models.
- Work with Pricing management and other actuarial colleagues to provide critical insights in Pricing Portfolio Reviews, offering independent opinions on the quality of risks written to optimise portfolio profitability.
- Develop and maintain strong working relationships with the other members of the Pricing team, Underwriters, and all departments reporting to the Chief Actuary.
- Ensure the accuracy, development, and utilization of management information for analysis and reporting purposes.
- Support Pricing Management with reporting to management and board level committees.
- Contribute to automation initiatives that streamline pricing workflows and enhance analytical efficiency across the team.
- Be a key mentor in the Pricing Team, fostering professional development and expertise.
You’re going to enjoy this job if you also:
- Excel at mentoring and partnering with actuarial talent.
- Have an entrepreneurial mindset and like operating in a results-focused business.
- Possess a meticulous eye for detail and have a passion for problem-solving.
- Communicate complex actuarial concepts in simple, clear language.
- Enjoy collaborating with underwriters, actuaries, and model developers to drive results.
- Have a drive for implementing change and improvements to models and processes.
What you’ll need:
For this Pricing role, the following qualifications and experience are essential:
Essential
- Being an undergraduate in maths, economics or actuarial science, or other numerate discipline.
- Solid experience in Pricing, preferably London Market or Commercial Lines.
- Advanced knowledge of Excel.
- Strong communication skills, both written and verbal.
- Excellent time management skills and an ability to manage competing priorities under pressure.
- Proficiency in at least one programming language such as SQL, Python, R, and VBA.
Desirable
- A creative and analytical mindset to develop innovative solutions and enhance the Pricing team’s offerings.
- Qualified member of the Institute & Faculty of Actuaries (IFoA) or equivalent actuarial body.
- Demonstrated ability to lead projects, delivering results that align with strategic business objectives.
We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!
What Can You Expect From Us?
As well as a competitive base salary and performance related discretionary bonus, here is a link to our employee benefits - Benefits of working at MS Amlin | MS Amlin
Hybrid Working
At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.
About MS Amlin
MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd’s of London, the Middle East, and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST - Transparency, Responsiveness, Understanding, Solution-driven thinking, and Technical expertise. This defines how we manage claims and build lasting relationships.
We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.
