Motor Senior Pricing Analyst

As Senior Pricing Analyst you will be assisting the Pricing & Analytics Manager in implementing PLI Motor’s Pricing strategies, including the development of pricing recommendations to assist in the development of Product level and Key Partner accounts.

A key part of yor role will be providing statistical, analytical and planning services with regard to new and existing products and Partner variants, budgets and reviews, in conjunction with the underwriting development team.

AXA Commercial Lines & Personal Intermediary is a unique business in the insurance sector and has been created with the needs of our brokers and customers in mind. By combining the two intermediary functions of AXA Insurance together, we have created an offering which provides brokers with a single integrated proposition and confidence to increase trading with us.

The UK personal motor market is one of the most competitive and advanced insurance markets in the world, and profitable growth of personal motor business forms a key part of AXA Insurance’s strategic plans.

• Taking a centrally provided core product technical rate:
  • Utilise internal and market pricing analysis to produce pricing recommendations at Product level to deliver premium income and profitability targets. This includes price optimisation techniques.
  • Produce bespoke analytics and pricing recommendations using Partner / distribution channel specific data and pricing capabilities
  • Recommend ways of improving and developing pricing and underwriting product structures to meet financial objectives
• Assist with setting the underwriting and risk acceptance criteria on all PLI Motor accounts.
• Maintain, and where necessary create, standardised robust Product and Partner MI and analysis to enable performance against target to be accurately monitored, and pro-active corrective pricing actions to be implemented when appropriate. This includes externally provisioned Partner MI
• Contribute to the assessment of new business propositions from intermediaries and partners. This includes identifying and researching business opportunities for new and existing schemes with other relevant departments.
• Support internal and external audit of underwriting and pricing procedures as required.
• Involvement in projects to develop alternative methods of delivering rates to market, and assessment and development of Telematics proposition(s).

Education

• Either Actuarial (full or part qualified), Statistical/Mathematical Degree (or similar)
• Or ACII Qualification (or progress toward)

Knowledge/skills

• Thorough knowledge of Insurance pricing.
• Very strong PC skills, particularly Excel, SAS, Access and other database management tools
• Good knowledge of developing spreadsheets and databases and statistical techniques used within the insurance and finance industries.
• Good understanding of UK Motor markets (Direct & Intermediary) across all distribution channels including some knowledge of trends and developments.
• Knowledge of the underwriting processes across a broad range of Personal Lines products.
• Good understanding of General Insurance MI.
• Ability to work under pressure and to tight deadlines.
• Ability to interpret and analyse numerical trends.
• Good communication and interpersonal skills.

Experience

• Sound experience of underwriting and pricing across a broad range of Personal Lines products.
• Practical experience of producing detailed analysis for product pricing and product design.
• Experience of analysing and pricing a significant general portfolio.
• Practical experience of report writing.
• Experience of relationship management e.g. brokers, partners an advantage