Senior Pricing Analyst - Pricing Adequacy

Direct Line Group Careers; Greater London; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A leading insurance company in Greater London seeks a Senior Pricing Analyst in the Motor Pricing Adequacy team. This role involves conducting in-depth reserving analysis in Python to evaluate claims performance and developing methodologies for cost projections. Ideal candidates have a numerate degree and experience with SQL and Python, along with strong communication skills. Benefits include a generous pension scheme, bonuses, and various employee discounts, supporting overall work-life balance.

Benefits

9% employer contributed pension

50% off home, motor and pet insurance

Health and Dental insurance options

Up to 10% AIP Bonus

EV car scheme

Generous holidays

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Experience in reserving analysis in Motor insurance, ideally personal lines.
• Ability to consider multiple scenarios and anticipate outcomes for customers.
• Strong communication and presentation skills.

Responsibilities

• Carry out pricing projections in Python using claims data.
• Develop projection methodology to reduce uncertainty.
• Contribute to the monthly view of claims performance.

Skills

Problem solving

Communication skills

Analytical skills

SQL

Python

Education

Degree in Mathematics, Statistics or related subjects

Job description

DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you’ll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.

Pricing and Underwriting is a complicated world, where historical data, geospatial information, and mathematical models meet talented analysts. Pricing our products is a fine line between balancing our business goals and customer needs. That’s why our Pricers and Underwriters are the best of the best. They reduce risk and predict future events ensuring our business can continue to grow whilst each and every one of our consumers gets the best price.

What you’ll be doing

You’ll join us as a Senior Pricing Analyst in the Motor Pricing Adequacy team, carrying out reserving‑style analysis in Python to understand the claims performance of all of our core motor brands, including Direct Line and Churchill. Building new innovative ways of looking at emerging claims trends, and collaborating with the Reserving and Claims Analytics teams, will be key to delivering our goals.

Your main responsibilities will include:

• Carrying out the Pricing‑owned projection of ultimate claim costs in Python, using the latest transactional claim data, insight from other teams, and your own experience and judgement to contribute to the Pricing Best Estimate.
• Developing our projection methodology to reduce and quantify uncertainty, and to provide the best baseline for inflation forecasting.
• Contributing to the monthly view of claims performance presented to key stakeholders to support decisions across the business.
• Leading ad hoc analysis into emerging claims trends, exploring both external and risk‑mix drivers of change.
• Supporting other product teams in developing their claims projections, including collaborating closely with the Motability Pricing team.

Our hybrid model offers a 'best of both worlds' approach. When you'll be in the office depends on your role and team, but colleagues spend at least 2 days a week in the office.

What you’ll need

• Experience of carrying out reserving analysis in Motor insurance, ideally personal lines.
• Excellent problem solving skills, with an ability to consider multiple scenarios and anticipate outcomes for our customers.
• Experience with SQL and Python.
• Strong communication and presentation skills, with an ability to explain findings to both a technical and non‑technical audience.
• A numerate degree in Mathematics, Statistics or related subjects.

Benefits

We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:

• 9% employer contributed pension
• 50% off home, motor and pet insurance plus Green Flag breakdown cover
• Additional optional Health and Dental insurance
• Up to 10% AIP Bonus
• EV car scheme allows all colleagues to lease a brand new electric or plug‑in hybrid car in a tax efficient way.
• Generous holidays
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus, many more

We want everyone to get the most out of their time at DLG. Which is why we’ve looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like — and offering real choice, flexibility, and a greater work‑life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They’re about recognising who you are and the life you live.

Be yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.

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