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London, GB

Products Actuary


About iptiQ

iptiQ is a risk tech start-up within Swiss Re Group. 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 a wide variety of risks, from natural catastrophes and climate change to cybercrime.

iptiQ provides digital, bespoke and transparent L&H and P&C protection products in a B2B2C manner. Founded in 2014, we're transforming the way consumers buy insurance with a unique digital insurance engine which incorporates the latest technology with world-class underwriting capabilities. We build strong partnerships to sell insurance via trusted brands.

iptiQ offers a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?


About the Role


We are looking for a Products Actuary, who will support the iptiQ CPO and iptiQ entities in developing and maintaining pricing assumptions (in co-ordination with Swiss Re Group), costing tools/models and in assessing and validating new deals. 


The Products Actuary will report to the iptiQ CPO.

Main tasks/activities with a focus on P&C products:

-    Assessment and management of referred quotation/product development by iptiQ entities
-    Lead the preparation and maintenance of Terms of Trade (in a joint effort with Group and with iptiQ entities)
-    Lead development and maintenance of costing tools/models (in co-ordination with Group and with iptiQ entities)
-    Support for the pricing and contract set-up of internal retrocessions 
-    Support capital and capacity steering to the most attractive areas, via performance monitoring of iptiQ's underwriting portfolios and distribution partnerships
-    Support costing adequacy and adherence to underwriting standards and policies 
-    Develop strong relationships with peers in iptiQ entities and with distribution partners (when required and in agreement with the iptiQ entities)


While the focus of this role is P&C, it will also support pricing and product development of L&H products.

About You



-    Minimum four-year degree in mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability 
-    Qualified actuary (FIA/FFA/FSA or equivalent)



-    Fluent in English with excellent oral and written communication skills – any other main European business language is an advantage


Professional Experience:

-    Solid P&C insurance industry expertise and market knowledge, with 5 years of costing experience in re/insurance
-    Experience in P&C retail product development and pricing
-    Excellent knowledge of relevant statistical and actuarial models
-    Ideally experience in Life & Health pricing


Leadership Qualities:

-    Ability to draw conclusions and influence decisions in a large organization
-    Ability to coach, motivate, develop and inspire junior costing actuaries
-    Ability and confidence to actively engage in discussions, voice opinions, and act as "facilitator"


Soft Skills:

-    Sound judgement/decision making skills
-    Well-developed negotiating/advisory skills
-    Excellent organizational skills, collaboration and team working, sociable 'can-do' attitude
-    Ability to manage time efficiently and to coordinate activities
-    Able to present technical and actuarial topics clearly with confidence and in non-technical language
-    Drive and enthusiasm, innovative, with the ability to obtain buy-in from stakeholders
-    Self-motivator with ability to work under pressure and to manage multiple priorities


We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your tasks.


We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

Reference Code: 104501 


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