Actuarial Associate, UK

Posted 2 Days Ago
Be an Early Applicant
Hiring Remotely in UK
Remote
Mid level
Artificial Intelligence • Fintech • Insurance • Social Impact • Financial Services
Lemonade is the digital insurance company built on social impact.
The Role
Support UK insurance pricing through price modeling, implementation, strategy, monitoring, and development of new products. The role balances pricing accuracy, profitability, and price-comparison competitiveness while collaborating with data scientists, product, and underwriting teams. It also involves developing pricing capabilities using actuarial methods, predictive modeling, machine learning, and AI, while continuing actuarial education and monitoring regulatory changes.
Summary Generated by Built In

We’re looking for a technically savvy Actuarial Pricing Associate to join the UK team and support pricing adequacy, accuracy, and competitiveness of our European products. You will contribute your actuarial expertise as part of an interdisciplinary team that includes data scientists, insurance Product and Underwriting professionals. Working in collaboration, you’ll help develop and implement new pricing capabilities that blend actuarial approaches with predictive modeling, machine learning, and artificial intelligence.

In this role you’ll
  • Support the pricing processes for the UK market, including price making, modeling, implementation, and pricing strategy

  • Balance rating accuracy and profitability with price comparison website competitiveness

  • Contribute to building the pricing machine enables speed to market and competitive advantages

  • Support development of pricing for new products and add-ons

  • Identify optimal areas for pricing and underwriting action based on ongoing monitoring of the data

  • Further your actuarial education through industry research and stay on top of changing regulatory requirements

What you’ll need
  • At least 3- 5 years of non-life non-pet actuarial experience

  • Commitment in obtaining FIA (Fellow of the Institute of Actuaries) or FFA (Fellow of the Faculty of Actuaries)

  • Ability to work in an office environment (London)

  • Master’s degree in mathematics / econometrics / actuarial science / related field preferred

  • Personal lines experience required

  • Price comparison website (PCW) and/ or commercial pricing experience is an advantage

  • General knowledge of data science programming languages such as Python (preferred) or R, and in database query tools such as SQL. Broad understanding of predictive modeling with focus on supervised models and affinity with unsupervised learning technics

  • Enthusiasm about learning and adapting to the exciting world of AI – a commitment to exploring this field is a fundamental part of our culture

Skills Required

  • At least 3–5 years of non-life, non-pet actuarial experience
  • Commitment to obtaining FIA or FFA qualification
  • Ability to work in an office environment in London
  • Personal lines experience
  • Master’s degree in mathematics, econometrics, actuarial science, or a related field
  • Knowledge of Python or R and SQL
  • Broad understanding of predictive modeling, including supervised and unsupervised learning
  • Interest in learning and applying artificial intelligence
  • Price comparison website or commercial pricing experience

Lemonade Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Lemonade and has not been reviewed or approved by Lemonade.

  • Healthcare Strength — Cigna-administered medical plans provide multiple options (EPO/OAP/OAPIN/HDHP) alongside dental, vision, prescription coverage, disability, and life/AD&D. 2026 plan materials and state notices indicate broad essential health benefits with mainstream networks.
  • Retirement Support — A tiered 401(k) match structure is documented, offering meaningful employer contributions when employees save. This complements equity grants/RSUs that are commonly included in total rewards.
  • Leave & Time Off Breadth — Employee-reported baselines around defined PTO and company holidays, plus flexible sick time, position time off as a strength. Parental leave is frequently described as generous for the U.S. context, though candidates should confirm current specifics.

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The Company
HQ: New York, NY
1,200 Employees
Year Founded: 2015

What We Do

Our mission is simple: Create the world’s most loved insurance through technology and social impact. As a certified Public Benefit Corporation and B-Corp, Lemonade is constantly challenging how the insurance industry does business. We’re creating an experience that is fast, affordable, and hassle-free across renters, homeowners, pet, life and car insurance. And through our annual Giveback program, in which leftover premiums are donated to charities our customers choose, we’ve donated nearly $5 million to a variety of organizations in need.

Why Work With Us

We’ve set out to make insurance loveable, fast, simple, and socially impactful - words that aren’t often associated with this industry. We’re a Certified B-corp, the only US insurance company to never invest in polluting industries, and our annual Giveback program has donated nearly $5 million globally to nonprofits in need.

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