Pricing Actuary - City of London, United Kingdom - Ki Insurance
Description
Job Description
Who are we?
Ki is the biggest global insurance tech company you've never heard of, unless you've been looking to insure a satellite, wind farm or music festival recently.
Having written over $877m in gross written premium in 2023, we've achieved significant growth since our beginnings in 2021. Our investors were excited about the fact we were revolutionising the way a 333 year-old industry was working. There are hardly any industries left that are mainly paper based, but the specialty insurance market is one. Together with partners at Google and UCL we developed Ki and created a platform that helps insurance brokers place risk in a fast and frictionless way. We're continuing to lead the charge on the digitisation of this market and we need more excellent minds to work with us to realise this goal and create more opportunities.
Purpose of the Role
As a Pricing Actuary, you will play a fundamental role within the actuarial and portfolio teams. You will work alongside underwriters to enhance Ki's commercial and strategic approach using creative actuarial insight and innovative solutions, ultimately creating commercial value. If you are a commercially minded pricing actuary, looking to work closely with underwriters and looking to develop class-specific MI and insight, this could be the role for you.
Within this role, you will carry out deal-level pricing (outside of the algorithm) for material and complex risks, or facility deals providing challenge and direction. You will manage, maintain and develop the deal-level pricing models outside of the algorithm including documentation and relevant regulatory reporting and communication. The role will include responsibility for building a best-in-class pricing model, carrying out model validation and recalibration and creating appropriate governance and documentation of the models.
You will report directly to the Head of Corporate and Pricing within the Actuarial team, supporting them in setting and managing the pricing policy including relevant thresholds and risks. Crucially, you will work with wider Ki stakeholders, including the algorithmic pricing team, to embed deal-level pricing output into the algorithm and create a joined-up approach to algorithmic pricing and risk selection.
Our culture
Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you're from, how you think, or who you love, we believe you should be you.
You'll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.
If this sounds like a role and a culture that appeals to you, let us know.