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 the syndicate business planning process for the Cyber portfolio.
• Construct, review and maintain pricing models for the Cyber class of business, in Excel and hyperexponential Renew.
• Analyse pricing‑model data including parameter validations.
• Produce and review pricing management information.
• Conduct 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 is an advantage.
• Proven experience understanding a commercial insurance product intrinsically to price renewals with little or no claim experience.
• Highly developed mathematical / statistical knowledge in (re)insurance.
• Effective communication skills and ability to translate complex models into 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 the recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

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