Senior Pricing Actuary, Casualty

Chubb European Group Ltd.; Greater London; On-site; GBP 90,000 - 140,000; Full time

Job summary

CHUBB Europe P&C in London is hiring a UKI Casualty Senior Pricing Actuary to lead pricing and portfolio management for a book of approximately $700m gross written premium. Based in London, you will report to the Europe Casualty Pricing Manager and may manage one onshore analyst along with coordinating offshore interns.

You will partner with underwriters to assess portfolio performance, develop pricing strategies and support key priorities across UK & Ireland Casualty.

Qualifications

• Qualified Actuary (or near-qualified) with professional fellowship/cellowship status preferred.
• Experience in Casualty pricing and portfolio management.
• 2+ years post-qualification experience in pricing or actuarial roles.

Responsibilities

• Partner with underwriters to assess portfolio performance and develop pricing strategies.
• Develop and maintain experience rating models for pricing large accounts/facilities.
• Calibrate exposure rating models with underwriting and wider actuarial teams.
• Lead planning, forecasting and budgeting with Underwriting Heads and Finance.
• Support reinsurance submissions and engage in wider actuarial projects.

Skills

Actuary

Casualty Pricing

Portfolio Management

Job description

UKI Casualty Senior Pricing Actuary

Are you a qualified Actuary with 2+ years’ post-qualified experience, preferably in Casualty Pricing and Portfolio Management?

If you are passionate about growing your skills and career with one of the largest Property & Casualty insurers in the world, then we would love to hear from you!

CHUBB Europe P&C is one of four main divisions of CHUBB European Group (CEG). This is a highly visible actuarial pricing role responsible for a book of c.$700m gross written premium, leading the effort of partnering UK and Ireland Casualty underwriters and providing technical expertise to the Head of UKI Casualty in executing key priorities and strategic projects.

Based in our London office and reporting to the Europe Casualty Pricing Manager, you will play a key role in team leadership. This position offers the opportunity to manage one direct report while coordinating the workflow for our shared analyst team in India.

Key Responsibilities:

• Performance Management and Monitoring: Partner with underwriters in assessing portfolio performance and formulating strategies to improve/ optimise underwriting performance. Lead the effort in monitoring and communicating key portfolio trends/ statistics/ insights to underwriters and senior management, including but not limited to: The annual profitability study, quarterly business performance reviews, performance dashboard updates, renewal rate change and adequacy monitoring, inflation impact and general analytical support.
• Case Pricing: Develop and maintain experience rating models. Support underwriting decisions and referrals with pricing of individual large accounts/ facilities/ binders etc.
• Exposure Rating Models: Regularly calibrate and input into design of exposure rating models in conjunction with underwriting teams and wider (Chubb Overseas General) actuarial group.
• Planning/ Forecasting: Partner with the Underwriting Heads, and the Finance and Planning teams in formulating yearly and longer-term strategic plans and forecasts.
• Underwriting Risk: Lead the parameterisation of underwriting risk distributions for UKI Casualty, for the purpose of the Chubb Global Capital Model.
• Reinsurance: Where appropriate, support reinsurance submissions and decisions.
• Wider Actuarial Projects: Proactively engage with the wider Actuarial and Analytics communities in knowledge sharing/ common projects/ efficiency and automation.
• Management: The role will involve management responsibility for 1 onshore analyst and indirect workflow management of a shared pool of interns and offshore analysts.