Risk Pricing Analyst

Hastings Insurance Services Limited; City of London, Leicester, Bexhill-on-Sea; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company in the UK is seeking a Risk Pricing Analyst to support the Risk Pricing Manager in achieving profit and growth targets. The role involves analyzing claims experience, adjusting pricing, and conducting market analysis. Ideal candidates will have strong numerical and analytical skills, proficiency in data manipulation, and excellent communication abilities. This full-time position offers a flexible hybrid working model and various employee benefits.

Benefits

Flexible working

Competitive bonus scheme

Life assurance cover

Income protection

Mental wellbeing programme

25 days annual leave

Qualifications

• Experience in data analysis and risk pricing.
• Ability to interpret complex data.
• Confidence to express opinions and challenge constructively.

Responsibilities

• Support Risk Pricing Manager in profit and growth targets.
• Identify opportunities to adjust prices or underwriting.
• Analyze claims experience for pricing decisions.
• Conduct market analysis and track competitor activity.
• Assist in producing risk pricing tools.

Skills

Strong numerical and analytical skills

Proficiency in MS Office

Problem-solving and driving change

Critical evaluation of information

Excellent communication skills

Tools

Statistical/data manipulation tools

Job description

Join to apply for the Risk Pricing Analyst role at Hastings Direct

Location: London / Leicester / Bexhill

Hybrid: Expected in the office once a week

Welcome to Hastings Direct

We’re a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. Our company has made huge investments in technology, pricing, data and analytics capabilities, nurturing our 4Cs culture and investing substantially in our people. In Finance we are building a market‑leading finance technology platform, investing in our team, leadership development, and focusing on commercially adding value to the business.

The Role

You will support the Risk Pricing Manager in achieving profit and growth targets by developing and delivering new insights, integrating innovative data sources, analytical techniques, and ways of working. The role involves identifying opportunities to expand our competitive footprint, addressing unprofitable business, and collaborating with teams across the wider business to drive strategic improvements.

Key Accountabilities

• Analyse claims experience and competitive position to inform pricing decisions.
• Identify opportunities to adjust prices or underwriting footprint to meet targets.
• Monitor key performance indicators and customer mix within designated segments.
• Conduct market analysis and track competitor activity and performance.
• Support rate change processes from concept through delivery and ongoing refinement.
• Assist in producing risk pricing tools and underwriting management information.

Skills & Experience

• Strong numerical and analytical skills with ability to interpret complex data.
• Proficient in MS Office and comfortable with statistical/data manipulation tools.
• Proactive approach to problem‑solving and driving change.
• Ability to critically evaluate information and make informed decisions.
• Excellent written and verbal communication skills.
• Confidence to express opinions and challenge constructively.

The interview process:

• Recruiter screening call
• Virtual interview with the hiring team, including a presentation of your data analysis based on a case study.

Unfortunately, we are unable to progress with candidates that require sponsorship at this time.

Benefits:

• Flexible working – we champion a flexible hybrid working approach. Please speak to your recruiter to discuss in more detail.
• Competitive bonus scheme – all colleagues are eligible for our annual 4Cs performance bonus.
• Financial wellbeing – we provide life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%. We also offer discounts, cashback, free independent mortgage advice, and free access to financial wellbeing support.
• Mental wellbeing programme – the Thrive mental health app, a 24/7 colleague assistance programme, in‑house mental health first aiders, support groups and a dedicated team to meet your needs.
• Additional perks – 25 days annual leave plus bank holidays (option to buy or sell one week), health care cash‑back plans, dental plans, discounted health assessments, Cycle to Work and tech schemes, discounted and free onsite facilities, social events throughout the year, and more.

Senior level

Mid‑Senior level

Employment type

Full‑time

Job function

Analyst

Industries

Insurance

Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. Please also note that we have a thorough referencing process, which includes credit and criminal record checks.