Commercial Pricing Actuary

Ki Insurance; London; On-site; GBP 40,000 - 80,000; Full time

Job description

Who are we?

Ki is the biggest global insurance tech company you’ve never heard of, unless you’ve been looking to insure a satellite, wind farm or music festival recently.

Having written over $877m in gross written premium in 2023, we’ve achieved significant growth since our beginnings in 2021. Our investors were excited about the fact we were revolutionising the way a 333 year-old industry was working. Together with partners at Google and UCL we developed Ki and created a platform that helps insurance brokers place risk in a fast and frictionless way. We’re continuing to lead the charge on the digitisation of this market and we need more excellent minds to work with us to realise this goal and create more opportunities.

Purpose of the Role

A fundamental Actuarial Team role embedded day-to-day within the Portfolio Underwriting Team at Ki, working side by side with the Underwriters to enhance Ki’s commercial and strategic approach using creative actuarial insight and innovative solutions. The role is commercially minded, supporting the SME Underwriters through expert technical and commercial pricing knowledge, adding input into the strategic direction. The role is exciting, working across all classes – Property, Specialty and Casualty, with a focus on facility business and new classes outside of the Algorithm.

The role is responsible for carrying out deal level pricing (outside of the algorithm) for facility deals and material or complex risks – providing challenge and direction. They are responsible for managing, maintaining and developing the deal level pricing model(s) outside of the algorithm, including documentation and relevant regulatory reporting/communication. This includes monitoring and re-calibrating, ensuring they meet commercial, actuarial, and regulatory requirements.

In addition, the role will develop class-specific management information and insight, ensuring its communication to stakeholders internally including the wider Pricing Team, Portfolio Management, Actuarial, Algorithmic Underwriting, Risk, as well as externally facing with brokers and clients. The role also involves working closely with the Algorithmic Pricing team to embed deal level pricing insight into the algorithm and supporting the continued development of algorithmic pricing and risk selection.

The role reports to the Head of Corporate and Pricing within the Actuarial Team, assisting in setting and managing the Pricing Policy including relevant thresholds and risks.

Our culture

Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you’re from, how you think, or who you love, we believe you should be you.

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

If this sounds like a role and a culture that appeals to you, let us know.