Reinsurance Pricing Lead

Innovation Group; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Reinsurance Pricing Lead to drive pricing strategies for their growing reinsurance portfolio. This role offers the chance to influence critical business decisions by leveraging advanced pricing models and collaborating with cross-functional teams. The ideal candidate will bring actuarial expertise and a passion for innovation, contributing to a company that is revolutionizing the insurance market. Join a diverse and inclusive environment where your contributions are valued, and be part of a team that is setting new standards in the industry.

Benefits

Highly Competitive Remuneration

Diversity and Inclusion Initiatives

Recognition and Reward Programs

Qualifications

• Qualified actuary with expertise in Casualty Treaty classes.
• Experience in pricing models and risk selection within Lloyd's market.

Responsibilities

• Lead pricing activity for reinsurance portfolio and develop pricing models.
• Collaborate with underwriting teams and communicate model impacts.

Skills

Actuarial Expertise

Pricing Models Development

Risk Assessment

Stakeholder Communication

Education

Qualified Actuary

Tools

Machine Learning Algorithms

Statistical Software

Job description

Please visit our careers site to find out more about working at Ki.

Job Details: Reinsurance Pricing Lead

Vacancy Name: Reinsurance Pricing Lead

Employment Type: Permanent

Location: London

Role Details

Who are we?
Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Purpose of the Role

The Reinsurance Pricing Lead will take ownership of all pricing activity of Ki’s reinsurance portfolio; currently a growing Casualty Treaty book, plus any future reinsurance lines. In addition to core pricing work of case pricing and model development, the wider ambition for this role includes building relationships with underwriters, feeding into risk selection decisions and strategic direction, and ultimately being a key business partner to the reinsurance underwriting teams.

You will provide SME class and market knowledge to supplement and challenge Underwriters, and peer-review other actuaries’ pricing. You will create, deploy and maintain best-in-class pricing models, some from scratch, that sit outside of Ki’s algorithm for Casualty Treaty and outwards reinsurance lines. You'll carry out model validation and recalibration exercises, assessing and communicating the impact of model changes to senior stakeholders – regularly to Portfolio Underwriting Committees and up to ExCo when necessary.

Our ideal candidate is a qualified actuary with subject matter expertise in the Casualty Treaty classes, with a number of years experience working within the class within the Lloyd’s/company markets. This is an exciting opportunity to lead in all reinsurance pricing at Ki, working with the wider actuarial and Portfolio Underwriting teams to make critical strategic decisions. If this sounds appealing, we'd love to hear from you.

Our Culture

Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you’re from, how you think, or who you love, we believe you should be you.

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

If this sounds like a role and a culture that appeals to you, let us know.