Requirements
Candidates should have knowledge and experience in General Insurance, particularly within Marine classes, and be a qualified or nearly qualified actuary. Strong analytical skills, communication abilities, and proficiency in programming languages like Excel, Python, R, or SQL are also required.
Job Description
Time Type: Full time
Worker Type: Employee
Pricing Actuary
London
Permanent (Hybrid)
About QBE
At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch.
We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.
What if you could have a positive impact – at work and in the world? As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind.
Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.
The opportunity
We've an opportunity for a Pricing Actuary to join our Data Science Pricing team in London. The role will include creating future focussed processes and tools that will help both Marine and the wider pricing transformation. It will give you exposure to the London Market, with the world’s largest and most complex insurance risks.
Our vision is to be the market leading Pricing Data Science team, working with Underwriters to deliver profitable business, investing in the development of every team member to build expertise in both insurance and data science and providing them with the tools and data that they need to be excellent in their roles.
Your New Role:
- Work with the Marine Pricing Data Science lead and build strong relationships with Marine underwriters working in the European and Lloyd’s markets.
- Be responsible for the on-going development of Marine models used by the various Marine underwriting teams (covering Cargo, P&I, Hull, Liability, Ports & Terminals, Specie and War).
- Work on the case pricing of larger risks and binders
- Fuse new data science techniques with traditional pricing methods to help form a market leading team of pricing data science professionals.
- Provide support and guidance to junior members of the Marine Pricing Data Science team
- Knowledge and experience of working in General Insurance; specific experience within Marine classes (Cargo, Hull, P&I, etc.) is advantageous
- Qualified / Nearly qualified actuary, or a similar mathematical or scientific qualification backed up by relevant experience in the insurance industry
- Strong analytical and problem-solving skills
- Excellent communication skills and collaborative mindset
- Willingness and desire to learn new skills
- Ability to manage multiple priorities and projects
- A quantitative undergraduate degree
- Experience in using Excel, Python, R, SQL or other programming languages
- Work for a world leading insurer alongside experts in pricing, data science, insurance underwriting, claims, and information technology
- Develop and deploy industry leading pricing and machine learning models into a $5 Billion book of business
- Invest in your personal development with support to train and learn new skills
- Utilise high quality data science lab environments including QBE’s Google Cloud Platform
- Exposure to the London Market: the world’s largest and most complex insurance risks, and gain exposure to UK, European insurance, and Reinsurance sectors.
- Competitive compensation, pension, training, and benefits.
- Study support for actuarial exams and other relevant professional qualifications
We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:
30 days holiday a year with the option to buy up to 2 additional days.
Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.
Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.
To find out more visit our Reward Page
#pricing #datascience #pricingactuary #generalinsurance
Awards & Recognition
We value our employee’s experience with us and are proud to have been recognised for the following awards:
Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our Respect@QBE program
Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year,
Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance
AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
Working Dads Employer Awards 2023 Winner: Parental Policies Award
Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee
You can view all our awards here
Apply now and let’s make it happen!
If you’re looking for a career that combines your expertise and your empathy, click Apply today.
Your career. At the heart of it.
Skills:
Actuarial Science, Analytical Thinking, Collaboration Tools, Communication, Critical Thinking, Customer Service, Data Quality Assessments, Intentional collaboration, Managing performance, Price Modelling, Pricing Strategies, Programming Languages, Research Analysis, Risk Management, Working Independently
How to Apply:
To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Education
["bachelor degree", "professional certificate"]
Skills
About QBE Europe
At QBE we’re driven by our purpose of enabling a more resilient future. QBE is an international insurer and reinsurer headquartered in Sydney, Australia, with local presence in 26 countries. With hundreds of products and deep underwriting expertise, QBE European Operations cover most business risks. We apply our energy and determination to finding solutions to even the most complex challenges – and we’re not afraid to try something new, even if it means going against market conventions. We don't just see ourselves as an insurer, but a partner to our customers in helping to navigate uncertainty. We provide tailored solutions across commercial, personal, and specialty products, as well as risk management solutions to help individuals and businesses manage risks, build strength and embrace change. Whether it’s through our people, our deep expertise or our commitment to building strong relationships, we get to the heart of it. QBE Insurance Europe is a specialist in business insurance and is active in both the Lloyd’s and company markets. Outside of our London headquarters, we operate from seven regional centres in the UK and are present in the major European markets, Dubai, Canada and Singapore. We have an in-depth understanding of each of our chosen markets and our ability to combine local expertise with the broad knowledge of our product specialists enables us to provide innovative solutions in each territory.
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