Senior Pricing Actuary, Large Corp Financial Lines

We are looking for a Senior Pricing Actuary, Large Corp Financial Lines, based in London

 

Your Team

The Global Pricing team is part of the Chief Underwriting Office at AGCS and is responsible for understanding the AGCS portfolio, the performance and the delivery of sustainable profitability across the Allianz Commercial business segment. You will join an international team located across London, Munich, Bucharest, Chicago and New York.

 

The Impact You Will Have

We are seeking a highly skilled and experienced Senior Pricing Actuary to join our Global Pricing Long-Tail team. Reporting to the Head of Pricing Financial Lines Large Corp, you will join an international team as a senior pricing actuary, who will advance global pricing capabilities. You will be supporting the Large Corp Financial Lines business line (including the segments Management Liability Commercial, Management Liability Financial Institutions and Professional Indemnity), in assessing segment-level profitability, feeding into underwriting strategy, Portfolio Management and Technical Price implementation and reporting. Furthermore, you will be an integral part to the Case & Portfolio solutions Pricing process.

 

Some of your specific responsibilities could include: 

• Conduct in-depth profitability reviews proactively and in response to concerning leading KPIs, analyzing individual accounts and business segments. Ensure that findings lead to meaningful portfolio actions and are integrated into technical pricing models.
• Develop and maintain pricing and underwriting tools, refining them through recalibrations and statistical pricing methodologies. Identify market trends and recommend pricing strategy adjustments to optimize profitability and competitiveness.
• Assist Underwriting in pricing for individual cases and portfolio solutions, ensuring alignment with strategic objectives.
• Oversee the outcomes of steering activities following profitability analyses and pricing implementation, ensuring effective monitoring and adjustments as needed.
• Apply advanced actuarial techniques and predictive analytics to assess risk and model pricing scenarios. Collaborate with Global Pricing teams to improve pricing accuracy.
• Support the Allianz Commercial setup by providing Large Corp expertise to enhance pricing capabilities for Mid and Large Corp segments.

 

What You'll Bring to the Role

• Master's or Ph.D. in Data Science, Applied Mathematics, Statistics, or a comparable discipline.
• Qualified P&C Actuary.
• At least 7 years experience in a pricing-focused actuarial role, ideally within the commercial insurance or reinsurance sector.
• Expert knowledge in Casualty Lines (Liability, Financial Lines) portfolio.
• In-depth knowledge of actuarial predictive modelling techniques for an international portfolio, with high volatile segments and challenging data availability.
• Strong ability to work closely with Underwriters and support in individual risk assessment and Pricing.
• Advanced proficiency in statistical computing language and actuarial modelling software and tools (e.g., Python, R, SAS or equivalent). Solid programming experience.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
• Excellent communication and presentation skills, with the ability to translate complex actuarial concepts for non-technical audiences.
• Ability to work in a team with experience in mentoring and developing junior professionals.
• Strong conceptual and strategic capabilities, combined with flexibility, creativity, and innovation skills.
• Ability to work effectively in a fast-paced and changing environment.
• Excellent command of the English language (both written and spoken), any other language would be a plus.

 

91819 | Actuarial | Professional | Allianz Commercial | Full-Time | Permanent

 

What's in it for you? 

 

Let's care about everything that makes you, you 

We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us. 

 

Let's care for your financial wellbeing 

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension. 

 

Let's care for your opportunities to progress 

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. 

 

Let's care for life's twists and turns 

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back. 

 

Let's care for our society and our planet 

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients. 

 

Care to join us? 

 

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

 

Learn more about careers at Allianz Commercial by clicking here.

 

Learn more about Allianz Commercial by clicking here.

 

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust. 

 

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. 

 

Join us. Let's care for tomorrow. 

 

People with disabilities: 
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email [email protected]

 

Recruitment Agencies:  
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.  Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

 

#LI-SK1 

#LI-Hybrid