Cyber Pricing Lead (FTC)

Munich Re; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Cyber Pricing Lead to join their London team. This full-time role involves conducting pricing assessments, maintaining pricing models, and supporting the pricing team to uphold high standards in the Lloyd's market. The ideal candidate will possess significant pricing experience, strong mathematical skills, and effective communication abilities to translate complex data into actionable insights. Join a supportive environment where your expertise will contribute to innovative insurance solutions and help shape the future of specialty insurance.

Qualifications

• Significant pricing experience in the London Market is essential.
• Qualified actuary by exams or extensive relevant experience required.

Responsibilities

• Conduct pricing assessments and communicate results to underwriters.
• Maintain pricing models and analyze pricing model data.

Skills

Pricing experience in the London Market

Actuarial qualifications

Cyber insurance knowledge

Mathematical/statistical knowledge

Effective communication skills

Business acumen

Team player

Knowledge of actuarial methods

Modeling techniques knowledge

Understanding of FCA regulations

Education

Qualified actuary

Job description

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, supported by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, allowing them to achieve their individual goals.

Please see our website for more information.

Cyber Pricing Lead

We are currently looking for a Cyber Pricing Lead, based in London on a full-time basis, reporting to the Pricing Manager.

Company

Munich Re Specialty - Global Markets

Location

London, United Kingdom

Responsibilities:

1. Work independently on individual pricing assessments of large risks and binder reviews, including clear communication of results to underwriters.
2. Support the pricing team in achieving high standards as indicated within the Lloyd’s oversight framework, including technical rating of risks and regular monitoring of delegated underwriting contracts.
3. Construct, review, and maintain pricing models for various classes of business.
4. Analyze pricing model data, including parameter validations.
5. Support the syndicate business planning process.
6. Produce and review pricing management information.
7. Conduct analyses of new business initiatives and perform independent reviews.
8. Investigate and utilize alternative data sources for parameterization of pricing models.
9. Assist underwriting with in-depth portfolio analyses and performance management.
10. Ensure all advice complies with TAS requirements.
11. Promote good conduct within the business to deliver the best outcomes for customers and policyholders.
12. Understand escalation procedures and responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo, and Board regarding Conduct Risk.

Knowledge and Skills

1. Significant pricing experience in the London Market.
2. Qualified actuary by exams or extensive relevant experience.
3. Experience with Cyber insurance is advantageous.
4. Highly developed mathematical/statistical knowledge in (re)insurance.
5. Effective communication skills, with the ability to translate complex models into business terms.
6. Strong business acumen and interpersonal skills.
7. Team player, willing to train junior team members.
8. Detailed knowledge of actuarial methods and techniques, with practical application skills and sound judgment.
9. Knowledge of various modeling techniques and applications for pricing.
10. Current Lloyd’s market knowledge.
11. Willingness to develop further in pricing matters.
12. Understanding of FCA regulations and Lloyd’s standards.
13. Knowledge of the principles of insurance and reinsurance.

If you are excited about this role but your experience does not align perfectly with every requirement, or you don’t meet all criteria, we encourage you to apply. You might be the candidate we are looking for!