Senior Pricing Actuary

Insurx; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

InsurX is seeking a commercially minded Senior Pricing Actuary focused on London Market property portfolios. You will bring independent actuarial judgement to pricing, assessment and ongoing management of portfolios traded on our platform, collaborating with brokers, carriers and internal teams.

You will own pricing robustness, validate data, and translate exposure into actionable pricing strategies. The role is hands-on, outward-facing, and requires strong communication with underwriters and

Qualifications

• London or Lloyd's pricing experience in property.
• FIA or equivalent actuarial qualification (or close to) required.
• Experience in exposure rating, claims and premium analysis.
• Ability to interpret catastrophe and exposure management outputs.
• Strong communication with underwriters, brokers and senior stakeholders.

Responsibilities

• Price and assess portfolios.
• Lead actuarial assessment of property portfolios from data review to pricing and monitoring.
• Apply exposure-based approaches across losses and inflation considerations.
• Analyse rate adequacy, loss ratios, and rate-on-line distributions.
• Assess how policy structure drives portfolio performance.
• Produce technical packs with assumptions, sensitivities, data limitations and risks.
• Define pricing data requirements with Engineering and Operations teams.
• Develop pricing tools and workflows, including methodology and validation.
• Act as SME for portfolio knowledge and pricing structure; present analysis to brokers and underwriters.

Skills

Pricing experience

FIA or equivalent

Exposure rating

Claims & premium analysis

Property knowledge

Stakeholder communication

Excel

SQL

Python or R

Independent / proactive

Education

FIA or equivalent (nearly qualified)

Tools

Excel

SQL

Python

R

Job description

About The Company

InsurX are on a mission to build the technology that connects any broker and any insurer so they can exchange risk without friction.

After our first partners signed up in late 2022, 27 broking houses and 22 insurers have now traded over $150m in premium using our technology. We’re targeting $1B of premium traded using our technology by the end of 2027. The insurance market is ripe for change and rapidly digitalising – this isn’t just our opinion, it’s the market’s consensus. The insurance industry is like investment banking in the late ’70s: it’s about to go through its own “Big Bang”. InsurX is leading the charge. We’re making a success of it by we’ve assembling a stellar team of diverse talent, uniting technology expertise with deep knowledge of the insurance business. Our team is united by intellectual curiosity and a determination to change insurance for the better.

The Role

We are looking for a commercially minded Senior Pricing Actuary to bring independent actuarial judgement to the assessment, pricing and ongoing management of portfolios traded on the platform, with a primary focus on London Market property. The role will take on technical ownership of the portfolios transacted through InsurX whilst bringing deep pricing expertise: developing a defensible view of portfolio economics, translating property and catastrophe exposure into pricing insight, and helping brokers and carriers make informed capacity decisions. It is hands‑on, and outward‑facing - you will spend time with brokers and insurers underwriting, actuarial and exposure teams.

What You’ll Do

• Price and assess portfolios
• Lead the actuarial assessment of property portfolios, from data review through pricing, recommendation and monitoring.
• Apply experience and exposure-based approaches across losses, allowing for claims development, inflation, exposure change and uncertainty.
• Analyse rate adequacy, expected loss ratios, rate-on-line distributions and RARC.
• Assess how policy structure drives performance.
• Produce technical packs covering assumptions, sensitivities, data limitations and key risks.

Shape InsurX structures and support the market

• Work with Commercial leads on source, carrier and resulting InsurX portfolios.
• Help design and test facility structures, capacity deployment, appetite rules and indexation. Become the SME knowledge of each portfolio and structure.
• Present decision‑ready analysis to brokers, underwriters and pricing actuaries, and handle challenge constructively.

Monitor and optimise

• Build a proportionate suite of pricing and performance metrics.
• Track actual versus expected, claims development, rate movement, mix drift, large losses and catastrophe activity.

Business planning

• Work with Commercial and Operations on premium flow, renewal and conversion trends, EPI forecasts and variance commentary to project plan.

Bring catastrophe and exposure insight

• Work with exposure management specialists and external modelling providers.
• Interpret schedules of values, location‑level exposure, AAL, EP curves and scenarios, and understand aggregate accumulation and model limitations.
• Be a knowledgeable user and challenger of models, not the primary catastrophe modeller.

Build the framework

• Define pricing data requirements and work with Engineering and Operations to reconcile premium, claims and exposure.
• Develop and document pricing tools and workflows: methodology, assumptions, validation, versioning, peer review.
• Help define InsurX's technical pricing framework.
• Turn repeatable analytical needs into platform and data requirements with Product and Engineering.

What You’ll Bring

• Substantial general insurance pricing experience in the London or Lloyd's market, with hands‑on commercial property expertise, ideally direct and facultative.
• Qualified or nearly qualified actuary (FIA or equivalent), with the judgement to build and defend pricing recommendations from imperfect data.
• Strong experience and exposure rating, claims and premium analysis, rate adequacy, and model validation and documentation.
• Practical understanding of property terms, limits, layers and loss drivers, and the ability to interpret catastrophe and exposure management outputs.
• Credibility with underwriters, brokers and senior stakeholders - able to communicate uncertainty, challenge assumptions and turn analysis into decisions.
• Strong data skills: Excel plus practical SQL, Python or R, and the patience to reconcile messy insurance datasets.
• A proactive, independent approach, and the appetite to work in a fast‑moving commercial environment.

Desirable

• Facilities, line slips, delegated arrangements, follow capacity, or portfolio-level pricing and optimisation.
• Property exposure data standards and catastrophe platforms such as Moody's RMS or Verisk, as a user of inputs and outputs.
• Building repeatable pricing tools or analytics products, coaching colleagues, or translating business needs into product requirements.
• Specialty or reinsurance pricing beyond property.

What This Role Is Not

InsurX holds no internal View of Risk. We focus on the technology that drives portfolio transactions and play no part in risk selection or the profitability of the generated portfolio. This role may advise, but it will not own or drive the actuarial view on portfolio shape, profitability and experience. We are looking for someone who can take a credible actuarial background and apply it in a dynamic, tech-driven environment, through a commercial lens. The numbers usually only tell a small part of the story.

It is also not a reporting oversight role. You will represent the Commercial team as the voice of the customer and hold internal functions accountable for the timeliness and accuracy of reports, whether those come as a data service or direct from IX-APP.