Policy Expert - Pet - Risk Pricing Analyst
Are you ready to transform the insurance industry?
Policy Expert is a forward-thinking business that loves to get things done. Leveraging proprietary technology and smart data, we offer reliable products and a wow customer experience.
Having achieved rapid growth since being founded in 2011, we've won over 1.5 million customers in Home, Motor and Pet insurance and have been ranked the UK's No.1-rated home insurer by Review Centre since
Hear from our team about what it's like working at Policy Expert
About the pricing team:
As one of the fastest growing Insurers in the UK, you will enjoy a fast-paced environment and thrive in a forward-thinking culture. You will be part of a team utilizing advance analytics and machine learning techniques applied in pricing structures. You will be working in collaboration with the data engineering team and the quote engine team to support the bespoke pricing algorithms.
Your day to day:
The Pet Risk Pricing Analyst is responsible for supporting the development and maintenance of risk pricing models and frameworks to assist in the delivery of profitable and competitive pricing strategies.
Collaborating with Underwriting, Insurance Risk and Financial Planning and Analysis teams, this role plays a critical part in ensuring the accuracy and efficiency of risk-based pricing initiatives.
Under the supervision and leadership of the Head of Pet Pricing, the job holder's responsibilities include:
* Oversee the end-to-end design, build and validation of our Risk Models using various modelling techniques such as GLM's and GBM's within Emblem or Python. Develop and maintain robust risk models, underwriting overlays, and expense layers to ensure pricing accuracy and operational efficiency.
* Implement and maintain a monitoring framework to be able to flag underperforming models and the necessary actions needed to be taken.
* Explore and create new data sources, modelling techniques and any other innovative methods to improve the overall Risk Pricing Function and become industry leading.
* Partner with Underwriting, Fraud, Risk & Reserving, Tech and Retail Pricing to help bring together projects and ideas into actioned results.
* Present model outputs of your work across the business to various teams such as Retail, Finance and Underwriting ensuring that the value of Risk Pricing is clearly understood and leveraged.
* Support the identification and implementation of opportunities to enhance model sophistication, including data integration and process improvements.
* Provide analytical insights and recommendations to inform pricing decisions and strategies
So.. who are you?
* Degree in numerically based discipline e.g., Maths, Data, Statistics, Engineering
* 2-3+ years in pricing or analytical roles with familiarity in UK General Insurance (Pet/Home/Motor) with a solid understanding of pricing principles and regulatory governance.
* Familiarity with pricing / modelling software: e.g. Emblem,Radar,Earnix, etc
* Hands on experience with statistical modelling (e.g. GLMS, GBMS, clustering) applied to risk pricing
* Proven ability to deliver projects within tight timelines.
* Proficiency in data modelling techniques and pricing tools; familiarity with machine learning applications is a plus.
* Strong problem-solving, stakeholder management, and communication skills.
Benefits:
This role will be based in our London office in a 50/50 Hybrid mode
We match your pension contributions up to 7%
Private medical & Dental cover
Learning budget of £1,000 a year + Study leave (with encouragement to use it)
Enhanced maternity & paternity
Travel season ticket loan
Access to a wide selection of London O2 events and use of a Private Lounge
Employee Wellbeing Programme
Prayer room in office
What We Stand for and Next Steps "We pride ourselves on being an equal opportunity employer. We treat all applications equally and recruit based solely on an individual's skills, knowledge, and experience. The quality and growing diversity of our team is a testament to this commitment"
At Policy Expert, we are committed to fostering an inclusive and supportive environment for all candidates. If you require any reasonable adjustments during the interview process to accommodate your needs, please do not hesitate to let us know. We are dedicated to ensuring every candidate has an equal opportunity to succeed and will work with you to provide the necessary support.
We aim to be in touch within 14 working days of your application – you will be notified if successful or unsuccessful. Please be encouraged to apply even if you do not meet all the requirements.
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