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About the Role

This role will provide actuarial review of underwriting submissions, develop underwriting pricing tools, and monitor key performance indicators. The role has a strong mandate from underwriters and senior management, requiring collaboration with various teams and stakeholders.

Responsibilities

• Provide actuarial analysis of relevant submissions.
• Work with Senior Management on Performance Management to identify well and poorly performing niches, emerging risks, and desirable movements in risk profile.
• Identify and recommend remedial actions and/or changes to process.
• Augment existing underwriting processes with actuarial and data science perspectives that are timely and commercial.
• Continuously improve processes.
• Develop optimal use of submission data.
• Facilitate identification and capture of external information.
• Develop databases of exposure and claims information.
• Use all available and emerging sources of data and tools to evolve dashboards and pricing tools.
• Develop new and evolve existing rating tools and processes.
• Develop stand-alone and/or Proof-of-Concept raters in conjunction with underwriters and the Pricing Model and Rating Tool Actuary.
• Parameterise tools in close collaboration with Underwriters, Pricing Actuaries, Pricing Model and Rating Process Actuary, and Actuarial Reporting Team.
• Report on and evolve the rate change process.
• Optimise and embed use of rate change outputs in other areas such as reserving and business planning.
• Develop and maintain Power BI dashboards and reports to monitor price adequacy, portfolio metrics, and support data-driven decision-making.
• Identify emerging opportunities, including business areas, tools, methodologies, and information.
• Develop influence with decision-makers.
• Work closely with reserving and capital actuaries to feed in and take out relevant shared insight and models.
• Develop excellent working relationships with Underwriters and Management.
• Work closely with Underwriters, Group Chief Actuary, Head of Pricing, Actuarial, Risk Management, and Reinsurance teams.
• Present and share ideas, analysis, and findings with Underwriters and Management.
• Interact frequently with Brokers.
• Ensure all work is compliant and documented in accordance with Professional and Technical Actuarial standards.
• Model IGI corporate values of Integrity, Genuine, and Innovative.
• Ensure own and other team members’ behaviours and ways of working respect and mirror these values.

Requirements

• Nearly or newly qualified actuary with 3+ years of Property/Casualty experience.
• At least 18 months of experience within Pricing Specialty Lines.
• Experience of working with and constructively challenging underwriters.
• Ability to exploit emerging tools to enhance processes.
• All work should be compliant, and documented in accordance, with Professional and Technical Actuarial standards.
• Act with integrity.
• Act with due skill, care and diligence.
• Be open and cooperative with the FCA, PRA, and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• Observe proper standards of market conduct.

Skills

• Excellent verbal and written communications skills.
• Ability to work in a multicultural environment.
• Creative, innovative, logical thinking.
• Great attention to detail.
• Ability to think strategically, proactively, and commercially.
• Good knowledge of Power BI or other business intelligence and visualisation tools.
• Knowledge of programming languages (at least VBA, ideally Python or R, knowledge of SQL and/or Access).
• Self-motivated and solutions-oriented.

Location

• London
• Amman (Jordan)

Work Type

• Occasional travel

Experience Level

• 3+ years of Property/Casualty experience
• At least 18 months of which within Pricing Specialty Lines

Education Level

• Bachelor’s degree

About the Company

• IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio.
• Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca.
• Aim to deliver outstanding levels of service to our clients and brokers.