Pricing Actuary - Hybrid, Data-Driven Motor Insurance

Colonial Group; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Hybrid working options

35 days holiday including bank

Mental health support & counselling

Career development opportunities

Early access to salary via internal平台

Job summary

Acorn Group is seeking a Pricing Actuary to join its high-performing pricing team in a hybrid role based in Liverpool or London. The role focuses on building statistical and ML models to improve risk costs and profitability for motor products.

You will work with actuaries and data scientists to drive pricing strategy, present insights to senior stakeholders, and contribute to a fast-paced pricing roadmap. A mathematical degree and UK motor pricing experience are preferred.

Qualifications

• A background in statistical, data science or actuarial roles.
• Proficiency in Python for data handling and predictive modelling.
• 2+ years UK motor pricing experience, ideally building GBMs.
• Solid understanding of GI pricing, GLMs and machine learning techniques.

Responsibilities

• Build statistical and ML models to enhance risk cost and profitability predictions.
• Conduct data analysis to support segmentations, performance monitoring and modelling enhancements.
• Identify and implement innovative pricing solutions and policy growth ideas.
• Present insights clearly to senior stakeholders.
• Contribute to a dynamic pricing roadmap.

Skills

Statistical/Data science background

Actuarial background

Python

GBMs

GI pricing

GLMs

Machine learning

Communication

Independent thinker

Mathematical degree

Emblem/Radar/Databricks

Education

Mathematical degree

Tools

Emblem

Radar

Radar Live

Databricks

Job description

Acorn Group is seeking a Pricing Actuary to join its high-performing pricing team in a hybrid role based in Liverpool or London. The role focuses on building statistical and ML models to improve risk costs and profitability for motor products.

You will work with actuaries and data scientists to drive pricing strategy, present insights to senior stakeholders, and contribute to a fast-paced pricing roadmap. A mathematical degree and UK motor pricing experience are preferred.