Senior Pricing Analyst - Pricing Adequacy

Direct Line Group; City of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance provider in the UK is seeking a Senior Pricing Analyst to join their Motor Pricing Adequacy team. The role involves conducting reserving-style analysis in Python and collaborating with various teams to provide insights into claims performance. Candidates should have experience in reserving analysis, strong problem-solving skills, and proficiency in SQL and Python. The position offers a hybrid work model and a range of benefits including discounts on insurance and health coverage.

Benefits

50% off home, motor and pet insurance

Health and Dental insurance

Up to 10% AIP Bonus

EV car scheme

Generous holidays

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Experience in reserving analysis in Motor insurance, ideally personal lines.
• Ability to consider multiple scenarios and anticipate outcomes for customers.
• Experience with SQL and Python.

Responsibilities

• Carry out the Pricing-owned projection of ultimate claim costs in Python.
• Develop projection methodology to reduce uncertainty.
• Contribute to the monthly view of claims performance for stakeholders.
• Lead ad hoc analysis into emerging claims trends.
• Support product teams in developing claims projections.

Skills

Reserving analysis in Motor insurance

Problem solving skills

SQL

Python

Communication skills

Education

Numerate degree in Mathematics, Statistics or related subjects

Job description

Overview

Senior Pricing Analyst in the Motor Pricing Adequacy team, carrying out reserving-style analysis in Python to understand the claims performance of all of our core motor brands, including Direct Line and Churchill. Building new innovative ways of looking at emerging claims trends, and collaborating with the Reserving and Claims Analytics teams, will be key to delivering our goals.

What you’ll be doing

• Carrying out the Pricing-owned projection of ultimate claim costs in Python, using the latest transactional claim data, insight from other teams, and your own experience and judgement to contribute to the Pricing Best Estimate.
• Developing our projection methodology to reduce and quantify uncertainty, and to provide the best baseline for inflation forecasting.
• Contributing to the monthly view of claims performance presented to key stakeholders to support decisions across the business.
• Leading ad hoc analysis into emerging claims trends, exploring both external and risk-mix drivers of change.
• Supporting other product teams in developing their claims projections, including collaborating closely with the Motability Pricing team.
• Our hybrid model offers a ''best of both worlds'' approach. When you'll be in the office depends on your role and team, but colleagues spend at least 2 days a week in the office.

What you’ll need

• Experience of carrying out reserving analysis in Motor insurance, ideally personal lines.
• Excellent problem solving skills, with an ability to consider multiple scenarios and anticipate outcomes for our customers.
• Experience with SQL and Python.
• Strong communication and presentation skills, with an ability to explain findings to both a technical and non-technical audience.
• A numerate degree in Mathematics, Statistics or related subjects.

Benefits

• 50% off home, motor and pet insurance plus Green Flag breakdown cover
• Additional optional Health and Dental insurance
• Up to 10% AIP Bonus
• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
• Generous holidays
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus, many more

We want everyone to get the most out of their time at DLG. Our benefits are about more than just the money you earn. They’re about recognising who you are and the life you live.

Be yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.

Our teams work together to build and refine predictive models, implement cutting-edge rating solutions, and enhance fraud detection. Whether developing advanced algorithms or ensuring regulatory compliance, we work collaboratively to tackle complex challenges. Each decision we make directly impacts our customers, so we take great care to ensure they receive fair and accurate pricing for their level of risk.

Our people and closing notes

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