Locations: Haywards Heath or Manchester (Hybrid)
Role Overview
Markerstudy Group is seeking a Senior Pricing Analyst to join its growing and developing pricing department across various insurance lines.
Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of private cars, a percentage of commercial vehicles, and motorcycles, with total premiums of approximately £1.2 billion. The company works with household names such as Co-op, Sainsbury’s, O2, Halifax, AA, Saga, and Lloyds Bank, and has a significant direct market presence.
After acquiring and integrating Co-op Insurance Services and BGLi, Markerstudy is pursuing innovative pricing techniques, utilizing an award-winning insurer-hosted rating platform, and challenging existing processes.
As a Senior Pricing Analyst, you will leverage your advanced analytical skills to:
* Influence project directions and outcomes across personal lines products
* Create innovative data solutions to extract insights and present data effectively
* Build and maintain sophisticated models using a range of data science techniques
* Develop automated reporting structures to monitor pricing performance
You will work closely with retail or technical pricing teams and underwriting teams, providing insights and recommendations to improve products and pricing strategies, giving Markerstudy a competitive edge in the insurance market.
Key Responsibilities:
* Develop advanced pricing models using traditional and data science techniques across Private Car, Commercial Vehicle, and Home accounts
* Promote the adoption of data science and statistical techniques in pricing and underwriting
* Research and utilize new and existing data sources, identifying trends with innovative features
* Communicate results clearly to decision-makers for action
* Monitor performance of key accounts and analyze observed vs. expected outcomes
* Collaborate with pricing, underwriting, and data science teams
* Automate repetitive tasks to improve efficiency
* Use specialist software to track trends and assess the impact of pricing proposals
* Mentor and coach team members
Key Skills and Experience:
* At least 2 years of experience in general insurance pricing
* Experience with predictive modeling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Networks, and Clustering
* Proficiency in programming languages like R, Python, PySpark, SAS, SQL
* Experience with WTW’s Radar software is preferred
* Excellent communication skills, both verbal and written
Behaviors:
* Self-motivated with a desire to learn and develop
* Logical thinker with a professional, positive attitude
* Passionate about innovation, process improvement, and challenging norms
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