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London, GB


Pricing Actuary - Casualty and FinPro 

About Swiss Re Corporate Solutions

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

Swiss Re Corporate Solutions offers a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?


About the role

Have you worked in an analytical area and seeking to enrich your technical experience with business know-how and accountability in dedicated Product or Market portfolio, analyzing profitability and collaborating with business counterparts on corrective costing and underwriting solutions?

As Pricing Actuary, you will be responsible for analyzing the profitability of your assigned line of business / market portfolio. You will identify drivers to portfolio performance and develop proposals to senior leaders to mitigate gaps between what has been costed against actual performance. You will work with counterparts in Underwriting, Reserving, Claims and Finance to have a 360° view on your portfolio and develop an independent Actuarial Pricing opinion on the portfolio's expected performance. You will use actuarial methods and data science techniques to develop insight on trends and set parameters to improve the predictability and accuracy of costing models for your portfolio. You will support business in costing complex transactions. You will have a direct impact in steering the profitability of your portfolio and ultimately the overall Business Unit's performance.


About the team

The EMEA Actuarial Insights team comprises a mix of highly experienced members already entrenched in their dedicated Product specialization and highly motivated newer members who thrives in a dynamic and fast learning environment.  The team reports into the Chief Underwriting Officer Standard with the mandate of driving costing accuracy for Swiss Re Corporate Solutions.


Main responsibilities

Profitability Studies

  • Have a clear independent view on current pricing or loss adequacy driven by data analysis.
  • Present Pricing view in stakeholder (Underwriting, Reserving, Claims and Finance) meetings and develop compelling recommendations
  • Translate details into impactful Executive reports with effective visualizations


Costing Accuracy and Data Analytics

  • Translate profitability findings into corrective actions on costing models and parameters.
  • Develop and maintain costing parameters and tools in accordance to Swiss Re Group standards and business needs.
  • Model and price deal transactions.
  • Use actuarial and data science techniques to develop insights and trends that can be used for risk selection or differentiation; and costing improvements


About you

Professional experience

  • A minimum of 3 years of experience in P&C commercial insurance with a solid knowledge of Casualty insurance products in EMEA markets. Know-how in Financial & Professional lines would be an added advantage.
  • You have experience in commercial insurance pricing including complex non-standard transactional pricing, portfolio profitability analysis and costing model and tool development. Know-how of reinsurance treaty pricing would be an additional advantage.
  • You are familiar with reserving techniques and can confidently operate between the two (reserving and costing) views, sufficiently identifying parallels and divergences in developing an independent costing assessment.
  • You have market/LOB portfolio ownership experience, acting as a go-to person for quantitative questions and solutions, but also comfortable to be both an advocate and a provider of dissenting opinions


Technical skills

  • You have highly developed numerical and analytical skills. You have applied these skills using real business data to develop insights and practical solutions. You can translate your quantitative work into effective visualizations for high impact communication.
  • You have a good understanding of actuarial methods, models and related business processes. Know-how of data science techniques would be an advantage.
  • You can evaluate accuracy and uncertainty in models, according to the available data/information at hand.
  • You can review analytical results, derive recommendations and communicate implications to all partners- from peers to senior leaders.
  • Able to challenge and defend assumptions, methods and conclusions.
  • Whilst you have the attention to detail, you can see the bigger picture, focusing efforts on areas or solutions that would have the highest impact.
  • You have programming skills (e.g. R, Phyton,)


Personal Leadership Skills

  • You are independent and accountable - able to independently identify core issues and take ownership in driving pragmatic solutions.
  • You work for the collective success of the team, take own initiative, are open and dependable; and demonstrate collaboration and intercultural competence. It is important that you can contribute towards a collaborative team spirit, sharing best practices and insights and motivating the whole team to work together.
  • You are organized and can set and run the right priorities; execute on plans and are committed to achieving high quality results on time.
  • You can articulate your work and channel your communications accordingly to various situations (advocating vs. dissenting) and be comfortable in presenting and defending your work to senior leaders.


Educational level

  • Actuarial qualifications and/or at least a Master's degree in Mathematics, Statistics, Economics, Physics or equivalent quantitative/statistical fields.
  • Language skills
  • Excellent command of the English language. Additional European language would be a plus.


We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

Reference Code: 91894