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About Us
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website: www.chaucergroup.com
The Role
This is a role within the Actuarial pricing team of a leading Lloyd’s insurance company and will suit a student actuary working in general insurance. Prior experience working in a pricing team would be advantageous but not essential.
The Pricing team works closely with underwriting teams to provide case pricing support and build pricing models that allow underwriters to price, compare and monitor accounts. This involves incorporating within pricing models the modelling of key drivers of claims activity for different classes to enable assessment of the expected profitability of different accounts.
The Pricing Analyst will support the pricing team in account pricing, model development and pricing analytics primarily for Chaucer’s Property, Political Violence, Political Risk and Credit portfolios but also including our other classes and broader project work.
Actuarial study support towards Institute and Faculty of Actuaries qualification will be provided for this role.
The Pricing Analyst will be located within the Actuarial pricing team in London and work directly with the Pricing Actuary responsible for the Property, Political Violence, Political Risk and Credit divisions.
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Main Duties
- Develop an understanding of the Property, Political Violence, Political Risk and Credit classes, trends and underwriting team strategy
- Account pricing and underwriter support for broker negotiations
- Ongoing portfolio monitoring for accounts and overall portfolio
- Contributing ideas for new MI
- Support model recalibration reviews
- Support the collection and maintenance of pricing data
- Keep abreast of industry initiatives and develop knowledge of new pricing/visualisation techniques and best practice where opportunities arise
- Collaborate, present and share knowledge with the wider Actuarial team on pricing approaches
- Assistance for other pricing team activities as required
Our Requirements
Relevant Experience
- General insurance experience
- General insurance pricing experience, particularly Property, Political Violence, Political Risk and Credit classes of business would be desirable
Technical Skills
- Essential
- IT skills, including comprehensive knowledge of Excel
- Desirable
- VBA
- Python or R
- SQL
Education & Experience
- Essential
- Desire to sit the IFoA exams and become a qualified actuary
- 2.1 or 1st degree in Maths or a Maths-related subject (e.g. Physics, Engineering, Statistics)
- 3 or more ‘A’ levels, including Maths
- Making progress towards IFoA qualification or equivalent
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Personal Skills
- Excellent interpersonal, verbal and written skills
- Advanced analytical skills – logical, methodical and rational approach to problem solving
- Comfortable with interpreting and producing numerical data
- Able to present findings to key stakeholders
- Attention to detail
- Self-motivated, hard-working and takes initiative
- Organised and clear thinking
- Ability to plan and organise work to meet targets and deadlines
- Able to collaborate, work as a team and communicate with staff at all levels
Some travel in support of Underwriter/Client meetings may be required.
Why Join Chaucer?
Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are.
We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.
We offer:
- A flexible hybrid work model that supports individual and team needs.
- A diverse, inclusive culture that values people for who they are.
- Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
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