Principal Pricing Analyst

AXA Group; Redhill; On-site; GBP 45,000 - 70,000; Full time

Benefits offered by this job

Competitive Salary

25 days holiday (plus statutory)

Retail Discounts

Cycle2Work Scheme

Employee Assistance Scheme

Discounted Gym Membership

Discounted Home Insurance

Job summary

AXA Partners is seeking a pricing analyst to join the pricing team in the United Kingdom. You will help develop dynamic pricing for Travel Insurance, Motor and Home products, monitor performance, and provide insights to drive growth. The role requires strong analytical skills and experience with pricing models and dashboards.

You will collaborate with underwriting and marketing teams, deliver data-driven recommendations, and support strategic pricing initiatives to optimize profitability.

Qualifications

• Numerate degree or equivalent with strong analytical skills.
• Experience analysing insurance pricing and profitability.

Responsibilities

• Monitor and develop pricing for Travel, Motor, and Home insurance products.
• Analyse portfolio performance and market trends to drive growth.
• Create dashboards and reports to support pricing decisions.
• Collaborate with underwriting and B2C teams on pricing strategy.

Skills

Pricing analytics

Data analysis

Insurance pricing

SQL

Power BI

Education

Maths/Statistics degree

Tools

Python

R

Excel/Power BI

Job description

We are looking for a dynamic and commercially minded Pricing Analyst to join our Pricing team. This isn't just a numbers role; you will be helping drive our growth strategy. You will have a key role in developing our dynamic pricing for out Travel Insurance, Motor Assistance and Home Assistance products, whilst monitoring the performance and obtaining key insights on the portfolio. Collaborating closely with a dedicated team, you will use your analytical expertise to spot trends, identify opportunities, and implement pricing strategies that drive our success.

If you are ready to take on a high-visibility role where your insights will directly shape business outcomes, we want to hear from you!

What you'll be doing:

• Performance Management: Monitor and manage the pricing performance of our insurance portfolio across direct and PCW channels.
• Strategic Pricing: Develop, test, and implement innovative pricing strategies to drive profitable growth and achieve key business targets.
• Data-Driven Insights: Conduct in-depth analysis of our portfolio, market trends, and competitor activity to provide actionable recommendations.
• Cross-functional collaboration: Act as a key pricing partner to the wider team, to ensure strategic alignment and successful execution.

Your key responsibilities are:

• Portfolio Performance Monitoring & Reporting:

  • Develop and maintain regular performance reports and dashboards tracking key performance indicators (KPIs) such as new business volume, conversion rates, retention, and loss ratios.
  • Analyse performance by channel (Direct vs. PCW) and customer segment to identify areas of underperformance or opportunity.
  • Investigate deviations from our plan and present findings and corrective actions to senior management.

• Pricing Analysis & Strategy:

  • Conduct detailed impact analysis for proposed pricing changes to forecast effects on volume, profit, and customer behaviour.
  • Perform competitor analysis to ensure our pricing remains competitive and responsive to market movements.
  • Utilise statistical techniques and modelling to refine rating factors and optimise our pricing structure.

• Implementation & Testing:

  • Prepare and specify pricing changes for implementation.
  • Design and execute tests and other experiments to validate new pricing concepts before a full rollout.
  • Work closely with relevant teams to ensure pricing adjustments are implemented accurately and on time.

• Stakeholder Collaboration:

  • Present complex analytical findings in a clear and concise manner to both technical and non-technical stakeholders.
  • Partner with the B2C team to align pricing and promotional campaigns.
  • Collaborate with the underwriting team to ensure pricing strategies are consistent with our risk appetite.

What you'll bring:

Technical/ Functional Knowledge, Skills and Abilities

• Strong Analytical & Numerical Skills: The ability to analyse large, complex datasets to identify trends, draw meaningful conclusions, and solve problems with a high degree of accuracy.
• Strong Microsoft 365: Proven proficiency with data manipulation. The ability to build and manage complex spreadsheets.
• Commercial Acumen: A strong understanding of the commercial impact of pricing decisions, with a clear focus on balancing growth and profitability.
• Excellent Communication Skills: The ability to clearly and confidently explain complex analytical concepts and results to both technical and non-technical stakeholders, including the B2C team and senior management.
• Statistical Software Proficiency: Hands-on experience with at least one of the following: Python, or R.
• Knowledge of Pricing Models: Familiarity with statistical modelling techniques used in insurance pricing, such as Generalised Linear Models (GLMs).
• Data Visualisation Tools: Experience building dashboards and reports using tools like Power BI.

Education, Professional Qualifications and Experience

• A degree in a highly numerate discipline such as Mathematics, Actuarial Science, Statistics, Economics, Physics, or Computer Science.
• Proven experience working in a pricing or highly analytical role within the general insurance industry.
• Direct experience working with pricing for Direct and/or Price Comparison Website (PCW) cannels is highly advantageous.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

What we offer

• Competitive Salary
• 25 days rising to a maximum of 27 days (based on a 5 day week)
• Retail Discounts
• Company Shareplan /Scheme & Loan
• Cycle2Work Scheme
• Discounted Home Insurance
• Employee Assistance Scheme
• Dr@Hand
• Discounted Gym Membership
• Free Financial Education/Pension Seminars

Who we are

We’re AXA Partners, experts at designing and delivering assistance solutions and specialised insurance, credit, and lifestyle protection – with and for our partners worldwide. What sets us apart? The expertise and passion of our 8,500+ people, and a strong network of over 55,000 professionals all over the world. Powered by them and our sector-leading technology, we continuously evolve, adapt and thrive – offering solutions and services that make sure we’re always at people’s side, no matter what. Helping others is our passion. Combining the best digital technology with our warm, human touch, we’re always looking at new ways to offer seamless and reassuring experiences when it really matters.

Join a company that helps protect the forests! At AXA Partners, we plant a tree for every new recruit (with a permanent contract)