Cyber Pricing Lead

Cyber Pricing Lead

We are looking for a Cyber Pricing Lead to join our London City office on a full-time basis with hybrid working of 2-3 days per week in the office.

Responsibilities

• Assume responsibility for the pricing for the Global Markets Cyber portfolio, including managing and appropriately prioritising case pricing reviews, development of tools and ad-hoc analysis independently and in a timely manner
• Work autonomously on individual pricing assessments of large risks and binder reviews for the Cyber class of business, including clear communication of results to the underwriters
• Effectively manage, mentor and support more junior team members, including providing training and reviewing their work as required
• Uphold the high standards indicated within the Lloyd’s oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts
• Support for the syndicate business planning process for the Cyber portfolio
• Construction, review and maintenance of pricing models for the Cyber class of business, in Excel and hyperexponential Renew
• Analysis of pricing model data including parameter validations
• Production and review of pricing management information
• New business initiative analyses and independent reviews
• Support underwriting within depth portfolio analyses and performance management
• Ensure all advice offered is in line with TAS requirements
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

Knowledge and Skills

• Significant pricing experience in the Lloyd’s Market
• Experience with Cyber insurance an advantage
• Proven experience understanding a commercial insurance product intrinsically, to price renewals with little/no claim experience
• Highly developed mathematical / statistical knowledge in (re)insurance
• Effective communication skills and ability to translate complex models in business terms
• Strong business acumen and interpersonal skills
• Team player and willingness to train junior members in the team
• Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment
• Knowledge of a range of modelling techniques and applications for pricing
• Current Lloyd’s market knowledge
• Ability to work independently, managing the Cyber pricing portfolio
• Willingness to continue to develop knowledge of any pricing related matters.
• Knowledge and understanding of FCA regulations and Lloyd’s standards
• Knowledge and understanding of the underlying principles of insurance and reinsurance

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

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