As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe, and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution, and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative, and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, across multiple business areas, and in each of our locations worldwide. Our compensation and benefits programs are market-driven and competitive, with excellent family-friendly policies and flexible working provisions.
Job Description
SompoRe is seeking a Pricing Actuary to join our Reinsurance Actuarial Pricing Team in Zurich. The position will work closely with reinsurance pricing actuaries and underwriters.
The role reports to the SVP, Head of Pricing, International Reinsurance, with our preferred location in Zurich. The position is based in the office.
Responsibilities include:
- Perform the pricing of reinsurance treaties for our main lines of business including property, casualty, marine & energy, aviation, credit & surety. This involves:
- Understanding and preparing client-specific data for the pricing process and system.
- Discussing requests with underwriters to understand client demand and assess risk.
- Applying actuarial techniques to derive pricing metrics and analyze year-on-year changes.
- Documenting methodologies and results.
- Communicating and explaining pricing results to underwriters and stakeholders.
- Collaborate closely with the underwriting team, including attending and traveling to client/broker meetings and representing Sompo professionally.
- Contribute to the development and maintenance of our actuarial systems through conceptual input and programming.
- Provide analysis of actuarial model parameters such as exposure curves and trends.
- Train and educate interns in reinsurance pricing, terms, and market practices.
- Engage in various actuarial projects like market studies and profitability analysis as needed.
Desired Skills & Experience
- Strong mathematical background, with a master’s degree in Actuarial Science, Mathematics, or equivalent.
- Willingness to pursue actuarial qualification with a recognized society.
- Strong analytical skills with the ability to solve problems independently.
- Excellent communication skills (verbal and written), capable of interacting with underwriters and clients in non-actuarial language.
- Fluent in English; proficiency in Spanish, Italian, or German is a plus.
- Strong Excel skills; programming skills in C#, SQL, and Visual Basic are advantageous.
- Ability to manage workflow and meet deadlines.
- Willingness to work flexible hours during main reinsurance renewals.
About Us
Expert Partners.
Clarity in complexity.
Unwavering commitment.
We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying our experience to simplify yours.
Our dedication to you is reflected in our attention to detail, working to create a seamless risk management experience for everyone we serve.
We prioritize your needs, offering tailored solutions, insights, and understanding your requirements.
With over 9,000 employees worldwide, we leverage our expertise to learn, improve, and find clear solutions for your complex challenges.
Choosing Sompo means choosing expertise made easy.
Sompo is an equal opportunity employer committed to a diverse workforce.