Senior Insurance Product and Pricing Analyst (Accident & Health)

TN United Kingdom; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Senior Insurance Product and Pricing Analyst to enhance pricing strategies for Health and Dental insurance portfolios. This exciting role involves collaborating with internal stakeholders and clients to drive product profitability and innovation. You will leverage your expertise in data analysis to influence key pricing decisions and contribute to the overall strategy of the company. Join a diverse team dedicated to delivering exceptional customer experiences and making a positive impact in the insurance sector. This position offers a unique opportunity to shape the future of health insurance products while working in a dynamic and supportive environment.

Qualifications

• Experience in insurance product/pricing with knowledge of Health insurance.
• Ability to analyze data for pricing and underwriting decisions.

Responsibilities

• Coordinate pricing activity for key clients in Health and Dental insurance.
• Conduct product reviews and manage product development from idea to launch.

Skills

Data Analysis

Communication Skills

Project Management

Statistical Analysis

Stakeholder Management

Education

Degree in Mathematics

Degree in Statistics

Degree in Actuarial Science

Tools

MS Excel

MS PowerPoint

MS Word

Job description

Social network you want to login/join with:

Senior Insurance Product and Pricing Analyst (Accident & Health), London

Client:

Collinson

Location:

London, United Kingdom

Job Category:

-

EU work permit required:

Yes

Job Reference:

5fa690df98a8

Job Views:

4

Posted:

18.04.2025

Expiry Date:

02.06.2025

Job Description:

We use our expertise and products to craft customer experiences. Our range of services helps global brands acquire, engage and retain choice-rich customers.

Collinson is the global, privately-owned company dedicated to helping the world to travel with ease and confidence. The group offers a unique blend of industry and sector specialists who together provide market-leading airport experiences, loyalty and customer engagement, and insurance solutions for over 400 million consumers.

Collinson is the operator of Priority Pass, the world’s original and leading airport experiences programme. Travellers can access a network of 1,500+ lounges and travel experiences, including dining, retail, sleep and spa, in over 650 airports in 148 countries, helping to elevate the journey into something special.

We have been bringing innovation to the market since inception – from launching the first independent global VIP lounge access Programme, Priority Pass to being the first to sell direct travel insurance in the UK through Columbus Direct and creating the first loyalty agency of its kind in the travel sector with ICLP. Today we still invest heavily in innovation to ensure that we continue to deliver superior customer experiences.

Key clients include Mastercard, American Express, Cathay Pacific, British Airways, LATAM, Flying Blue, Accor, EasyJet, HSBC, Chase, HDFC.

Our mission is focused on doing good beyond profit, which for us means we seek out opportunities for our people to share in our success and that we give back to the communities and people within which we work.

Never short of ambition, the success of our business is delivered through the diverse and talented team of over 2,200 global colleagues.

Purpose of role

Reporting to the Head of Pricing & Underwriting (Accident & Health), the Senior Product and Pricing Analyst is responsible for the co-ordination and ownership of pricing activity for key clients of the Health and Dental insurance portfolios, in line with the corporate strategy. This includes ownership and management of our product collaterals as well as review of existing products and enhancing / control of product terms and conditions. The role will involve liaising with key internal stakeholders to obtain internal support for pricing as well as obtaining external client buy-in for both individual and corporate business.

As a Senior Analyst, you will be responsible for contributing to the schemes and product profitability. This includes building / enhancing existing pricing tools, setting base rates and managing scheme performance against targets. You will be responsible for tracking of claims and co-ordination of any mitigating actions required. Strong interest in data analysis is at the core of this role. This includes focus on interpreting and maximising data effectively and drilling down to relevant KPIs. These are released into monthly reporting and utilised in key pricing decisions.

Knowledge and interest in health insurance products is at the core of this role. This is a varied role demanding a good balance between data analysis / MI, product, customer and excellent communication skills. It is a real opportunity to contribute to the shape and execution of the next steps in Collinson’s broader Health line of business strategy.

Key responsibilities

Product

• Carry out product reviews, assess what changes needed to align / differentiate with the market.
• Keeping abreast of changes in existing products across the market.
• Compiling policy wordings, in conjunction with the Compliance department, to reflect the cover provided by the policy in line with the pricing interpretation & expectation.
• Demonstrating consistent adherence to local governance principles, primarily focussing on fair treatment of the end customer.
• For existing schemes, contribution to annual product reviews, utilising scheme performance data to propose and implement enhancements, determining impact on pricing.
• New product development from idea to launch – involvement and ownership of every stage of the product cycle, with a direct impact in the results for A&H.
• Supporting Account and Business Development and Marketing teams when creating / enhancing products, with a strong focus on customer need and customer communication.
• Exemplify best pricing principles by enhancing pricing models to inform business decision making, driving deeper insights for our clients.
• Champion and developing use of new tools to manipulate and present data more efficiently.
• Calculating, compiling and reviewing group experience rated quotations to clients.
• Co-ordination of annual renewal pricing & product reviews.
• Building management information outputs for monitoring key performance indicators.
• Monitor and analyse underwriting performance, utilizing market research to champion best practice.
• Working to achieve sign-off of new products and pricing by managing referrals into various internal and external teams, including reinsurance partners.
• Making recommendations where required to improve the current pricing approach, with a view to balancing top-line growth and bottom-line profitability.

Knowledge, skills and experience required

Subject Matter Expertise

• Experience in insurance product / pricing with an understanding of Health insurance products.
• Ability to analyse and manipulate data to assist in pricing and underwriting decisions.
• Ability to articulate statistical and data trends into actionable insights and translate into easy-to-understand recommendations for both technical and non-technical audiences.
• Experience of pricing new and renewing portfolios using product and pricing strategies to grow and manage performance based in multiple geographic regions.
• Experience in balancing different projects and priorities in front of various stakeholders.

Personal Attributes

• Strong focus on delivery, influencing across different job levels and departments.
• Good business acumen, the ability to balance creativity with strong commercial delivery.
• Ability to manage multiple stakeholders internally and externally, an effective relationship builder.
• Ability to work independently, developing approach to problems with structured solutions.
• Demonstrates effective planning. Strong coordination and organisational skills.
• Excellent attention to detail.
• An aptitude to thinking beyond the numbers when developing new business products.
• A genuine interest in the Health & Dental markets and an awareness of the customer journey.

Qualifications and Skills

• Experience in Consumer lines (Health products preferred) Insurance experience in a similar role.
• Strong command of MS Excel, PowerPoint and Word (intermediate/advanced).
• Broader awareness of insurance regulation would be advantageous.
• Educated to degree level in a numerate subject (Mathematics, Statistics, Actuarial Science, Science preferred) or equivalent professional qualification.

This is a great opportunity to be involved in the Collinson Insurance strategy for delivering beyond expectations in an industry that has significant global potential.

Collinson is an equal opportunity employer and welcomes differences in all their forms including: colour, race, ethnicity, gender identity, sexual orientation, neurodivergence, family status, age, individuals with disabilities and people from all backgrounds, cultures and experiences as we strongly believe this contributes to our on-going success.

We are focused on continually evolving our purpose driven, high performing culture, providing an environment where our people have the opportunity to achieve their full potential and do interesting and meaningful work. Our company values are: Take Action, Do the right thing, One team and Be insight led. These help guide everything we do internally in terms of how we think, act and interact, right through to how we deliver value to our customers and clients.

In your application, please feel free to note which pronouns you use (For example - she/her/hers, he/him/his, they/them/theirs, etc).

If you need any extra support throughout the interview process, then please email us at [emailprotected]