Pricing Analyst - Data-Driven Motor Insurance Pricing

Somerset Bridge; Bristol; Hybrid; GBP 40,000 - 50,000; Full time

Benefits offered by this job

Hybrid working

25 days annual leave

Discretionary annual bonus

Pension scheme

Flexible working

Flexi-time

Healthcare Cash Plan

Electric vehicle – salary sacrifice

Retailer discounts

Wrkit wellbeing app

Enhanced parental leave

Life Assurance

Car Insurance Discount

Travel Insurance Discount

Cycle to Work Scheme

Job summary

Somerset Bridge is seeking a Pricing Analyst to join our Retail Pricing team in Bristol. The role uses data analysis, statistical modelling and pricing insights to develop competitive, fair and profitable pricing strategies for motor insurance products.

You will collaborate with Pricing Actuaries, Underwriting and IT to implement models, support customer acquisition, ensure regulatory compliance (FCA) and drive pricing improvements.

Qualifications

• Strong numerical ability with excellent analytical and problem-solving skills.
• Experience with statistical software (R, Python, SAS) and data visualization tools (Power BI, Tableau).
• Familiarity with actuarial pricing techniques, including GLMs and machine learning.

Responsibilities

• Analyse historical data and trends to develop pricing models and forecasts.
• Collaborate with Pricing Actuaries to design competitive pricing strategies.
• Present findings to senior management and document methodologies.
• Liaise with IT and other teams to implement pricing tools.

Skills

Data analysis

Statistical modelling

Pricing insights

R

Python

SAS

Power BI

Tableau

GLMs

Machine learning

Radar

EMblem

Tools

Radar

EMblem

Job description

Somerset Bridge is seeking a Pricing Analyst to join our Retail Pricing team in Bristol. The role uses data analysis, statistical modelling and pricing insights to develop competitive, fair and profitable pricing strategies for motor insurance products.

You will collaborate with Pricing Actuaries, Underwriting and IT to implement models, support customer acquisition, ensure regulatory compliance (FCA) and drive pricing improvements.