Reinsurance Pricing Actuary

Pricing & Innovation at hyperexponential

The hyperexponential Pricing and Innovation team are focused on helping our customers achieve excellence in pricing through their use of hx Renew. We look at pricing model deployment holistically, understanding what best in class looks like and finding ways to enable it across our customer base.

Our ambition is to help bring forward next generation pricing and underwriting to today by combining advanced technology with a strong understanding of the business needs and challenges of the Specialty and Reinsurance markets.

We are also constantly looking to identify potential spaces for innovation in the insurance space which will provide significant value to our customers. This can take the form of partnerships with other tech companies, or working with customers to drive innovative uses of the hx Renew platform.

Your mission

Within this role you will help shape what best-in-class pricing looks like in the Specialty and Reinsurance markets and support our customers to achieve this through their use of hx Renew. You will engage with Underwriters and Actuaries on a regular basis to understand their existing pain points, structures and limitations, unblock them and cast a vision for what’s possible to maximise the value they gain from our platform.

You will also drive forward innovation projects and ensure that they either fail quickly or prove out their value and make sure they get delivered to completion.

Key responsibilities

• Act as a subject matter expert for our internal teams on Pricing in the Reinsurance and Specialty markets - for example providing input to our product team on the needs of Actuaries and Underwriters in the insurance space

• Be an advocate in the Reinsurance and Specialty markets for what the future of pricing and underwriting looks like and help our customers to achieve it today

• Run Actuarial and Underwriter workshops with our customers to understand their needs and advise on best practice pricing, transformation and underwriting processes, driving usage of the platform and ultimately generating value for our customers

• Build out assets in and around the platform (such as example reporting pipelines or underwriter workflow improvements) that will help our customers to start leveraging value out of hx Renew faster

• Work on targeted innovation projects internally, with customers and with tech partners which will help to drive value and adoption of the hx Renew platform

Experience and skills

• Expertise as a Pricing Actuary in the Reinsurance market

• Strong communication and presentation skills, with a proven track record of helping to enable positive change through communication

• Hands on knowledge of Pricing model development and deployment across a broad array of LOBs/Products with an understanding of a variety of Reinsurance pricing methodologies and techniques

• Strong technical aptitude for coding, data, analytics and technology and proven track record of driving projects forward which relied on these skills

• A proactive mindset with a preference for taking on responsibility and moving projects forward

• A passion for excellence in the insurance industry and a rejection to the idea that change isn’t possible

Interview Process

• Initial call with our Talent team to kick things off

• Interview with our Head of Pricing & Innovation

• Skills-based presentation interview

• Values interview

• We offer!

What do we offer?

• Competitive salary + share options

• £5,000 for individual and group training and conference budget

• 25 days’ holiday plus 8 bank holiday days (33 in total)

• Company pension scheme via Penfold

• Mental health and therapy provision via ⁠Spectrum.life

• Individual wellbeing allowance via Juno

• Private healthcare insurance through AXA

• Top-spec equipment (laptop, screens, adjustable desks, etc)

• Regular remote & in-person hackathons, lunch & learns, socials and games nights

• Team breakfasts and lunches, snacks, drinks fridge, fun office @ The Ministry

• Huge opportunity for personal development and mastery as we grow together!

Please note that background checks will be conducted as part of the hiring process to ensure compliance with our governance policies. We handle all background checks sensitively and in full compliance with relevant regulations. All applicant data will be processed in accordance with data protection regulations and our privacy policy.