Health Insurance Pricing Actuary (Hybrid, UK)

Outsized; Greater London; Hybrid; GBP 60,000 - 120,000; Part time

Job summary

Outsized is seeking an experienced Pricing Actuary for a high-impact, early-stage health-focused insurance venture in the UK. The role involves building the first pricing model from scratch, with flexibility to test assumptions and rapid delivery to leadership.

You will work hands-on with senior leaders, shaping go-to-market and distribution strategy, pricing new products with no claims history. The engagement is 2 months, hybrid with UK in-person sessions in London when needed.

Qualifications

• Qualified actuary (FIA or equivalent) or near-qualified with 8+ years pricing experience.
• Pricing background in health and P&C insurance.
• Proven experience pricing new products or risks with limited or no claims history.
• Strong skills in building flexible, transparent pricing models (Excel essential; R or Python a plus).

Responsibilities

• Design and build a flexible pricing model for a new product with adjustable inputs to test design and pricing.
• Develop pricing assumptions using population statistics, market benchmarks and comparable products; document rationale and sensitivities.
• Run scenario and sensitivity analyses to show price and viability under different assumptions.
• Advise on how insurers are likely to view and classify risk to inform distribution/partnership choices.
• Present findings and a clear pricing recommendation to leadership.
• Produce documentation and models for future insurer/partner conversations.
• Potentially support later phases such as insurer engagement, reserving, valuations and capital requirements.

Skills

Actuarial pricing

Health pricing

P&C pricing

Flexible pricing models

Excel

R

Python

UK insurance market

Regulatory knowledge FCA/PRA

Stakeholder communication

Education

FIA or equivalent

Tools

Excel

R

Python

Job description

Outsized is seeking an experienced Pricing Actuary for a high-impact, early-stage health-focused insurance venture in the UK. The role involves building the first pricing model from scratch, with flexibility to test assumptions and rapid delivery to leadership.

You will work hands-on with senior leaders, shaping go-to-market and distribution strategy, pricing new products with no claims history. The engagement is 2 months, hybrid with UK in-person sessions in London when needed.