Job Type:
Fixed TermBuild a brilliant future with Hiscox
Job Specification: Pricing Transformation Actuary
Contract: 12 months
Location: London (Hybrid)
Role Overview
We are seeking an experienced Pricing Transformation Actuary to drive the end-to-end delivery of a new, clearly defined rating model system and process for our London Market business. This role will be central to reshaping how pricing models are developed, governed, and deployed across all London Market lines.
The successful candidate will combine strong technical pricing expertise with proven transformation leadership, excellent stakeholder management, and the ability to navigate complexity in a highly matrixed environment.
This is a hands-on delivery role requiring ownership, pace, and clarity.
Key Responsibilities
Pricing Model & Platform Delivery
- Lead the design, build, testing and deployment of a new pricing model framework and supporting platform, including database, reporting capabilities, and UI integration.
- Coordinate across pricing, underwriting, IT, and data teams to ensure technical accuracy and usability.
- Ensure the solution is scalable, compliant, and aligned to business strategy.
Process & Governance Development
- Define and implement a robust pricing process covering model development, updates, sign-off, and version control.
- Establish governance documentation, including RACI, workflow maps, and control frameworks.
- Drive consistency across lines of business while allowing for appropriate specialty variation.
Stakeholder Management & Engagement
Partner with key stakeholders, including:
- 4 x London Market Heads of Pricing
- Underwriters
- IT & Data Engineering
- Operations & Change Management
Be the Subject Matter Expert in workshops, decision forums, and steering committees to drive informed decision making.
Translate technical topics into clear, decision-ready materials for senior leaders.
Change & Adoption
- Develop and execute adoption and communication plans alongside the change management team.
- Ensure underwriters and pricing teams understand and are fully trained on the new model and platform.
- Monitor adoption success, gather feedback, and iterate where needed.
Required Skills & Experience
Technical & Functional
- Deep experience in pricing for London Market insurance.
- Strong understanding of actuarial modelling and pricing platforms (e.g. Excel-based models, Python, proprietary tools).
- Proven experience in pricing model or technology transformation programmes.
- Familiarity with underwriting processes and data requirements.
- Understanding of regulatory requirements relevant to pricing governance.
Leadership & Delivery
- Ability to influence and align senior stakeholders with competing priorities.
- Strong communication skills – capable of simplifying complex issues for executive and non-technical audiences.
- Highly organised, disciplined, and delivery-focused.
Personal Attributes
- Proactive, pragmatic, and comfortable with ambiguity.
- Collaborative partnership style with the confidence to challenge where needed.
- Strong analytical mindset combined with commercial awareness.
- Ability to work at both strategic and hands-on delivery levels.
About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
Work with amazing people and be part of a unique culture
Skills Required
- Deep experience in pricing for London Market insurance
- Strong understanding of actuarial modelling and pricing platforms
- Proven experience in pricing model or technology transformation programmes
- Familiarity with underwriting processes and data requirements
- Understanding of regulatory requirements relevant to pricing governance
Hiscox Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Hiscox and has not been reviewed or approved by Hiscox.
-
Leave & Time Off Breadth — Generous PTO, two additional 'Hiscox Days,' and a four‑week paid sabbatical after five years create a notably broad time‑off offering. Policies also include paid parental leave and options to purchase extra days in some locations.
-
Healthcare Strength — Medical coverage is complemented by mental‑health and wellbeing resources such as EAP and mindfulness apps, with private medical and dental options available in certain regions or after tenure. These elements provide comprehensive support across physical and mental health needs.
-
Retirement Support — Retirement benefits include pension/401(k) programs with employer contributions that can increase with service. Share‑save options and profit‑related programs add longer‑term financial planning avenues.
Hiscox Insights
What We Do
Hiscox is a leader in specialist insurance. We seek to provide the best protection and peace of mind for our clients through high quality insurance products, backed with excellent service. We are experts in covering a wide range of personal and commercial risks.
.png){kind=logo}
