Property Delegated Pricing Lead

Munich Re; City of Westminster; Hybrid; GBP 80,000 - 110,000; Full time

Job summary

A leading insurance provider is seeking a Property Delegated Pricing Lead for their London City office. The role requires significant pricing experience, especially in the London Market and expertise in Lloyd's delegated insurance. Responsibilities include managing the Property business, detailed pricing assessments, and mentoring junior staff. The position offers a hybrid working model of 2-3 days per week, fostering a collaborative and diverse work environment.

Qualifications

• Significant pricing experience in the London Market.
• Qualified actuary by exams or extensive experience.
• Experience with Lloyd's delegated insurance, especially within Property.
• Highly developed mathematical/statistical knowledge in (re)insurance.

Responsibilities

• Ownership of the delegated Property business.
• Pricing assessments of large consortia and binder reviews.
• Management and mentorship of direct reports.
• Ensuring pricing analyses meet the Munich Re GSI requirements.

Skills

Pricing experience in the London Market

Communication skills

Mathematical knowledge in (re)insurance

Business acumen

Interpersonal skills

Team player

Knowledge of modelling techniques

Education

Qualified actuary by exams or extensive experience

Job description

We are looking for a Property Delegated Pricing Lead to join our London City office on a full‑time basis with hybrid working of 2–3 days per week.

Responsibilities

• Demonstrate ownership of the delegated Property business, taking responsibility to ensure pricing reviews are undertaken in a timely manner.
• Work with pricing actuaries and underwriters in MRS‑GM European offices, providing pricing support and guidance where necessary.
• Effectively manage, mentor and support your direct report(s), including managing their time, providing training and reviewing their work as required.
• Work independently on individual pricing assessments of large consortia and binder reviews, including clear communication of results to the underwriters.
• Support pricing team in achieving the high standards as indicated within the Lloyd's oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts.
• Ensure pricing analyses meet the Munich Re GSI requirements, including the Delegated Authority best practice guidelines.
• Support syndicate business planning processes.
• Production and review of pricing management information.
• New business initiative analyses and independent reviews.
• Investigation and utilisation of alternative data sources for parameterisation of pricing models.
• Support underwriting within depth portfolio analyses and performance management.
• Ensure all advice offered is in line with TAS requirements.
• Help drive forward good conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

Qualifications

• Significant pricing experience in the London Market.
• Qualified actuary by exams or extensive experience.
• Significant experience with Lloyd's delegated insurance, especially within Property.
• Highly developed mathematical / statistical knowledge in (re)insurance.
• Effective communication skills and ability to translate complex models into business terms.
• Strong business acumen and interpersonal skills.
• Team player and willingness to train junior members in the team.
• Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment.
• Knowledge of a range of modelling techniques and applications for pricing.
• Current Lloyd's market knowledge.
• Willingness to continue to develop knowledge of any pricing related matters.
• Knowledge and understanding of FCA regulations and Lloyd's standards.
• Knowledge and understanding of the underlying principles of insurance and reinsurance.

At Munich Re Specialty - Global Markets (MRS‑GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned 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.

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi‑dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

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