Non Motor Pricing Analyst

Background

As Pricing Analyst, you will be responsible for providing analysis to support pricing decisions by the non-motor underwriting teams (both standard and non-standard household and other property, travel, warranty, marine and personal accident).

The UK personal lines market is one of the most competitive and advanced insurance markets in the world, and profitable growth of personal intermediary non-motor business forms a key part of AXA Commercial Lines and Personal Intermediary strategic plans.

The key determinant of profit and growth for all personal lines accounts is optimised pricing underpinned by sound analysis and management of risk.

In addition to your excellent technical knowledge and analytical skills, your ability to respond quickly and efficiently to shifting business priorities, as well as market developments, will be essential to ensure that the Personal Intermediary non-motor lines of business perform in line with these financial plans.

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.

Our structure comprises separate Divisions for Commercial Intermediary, Personal Intermediary, Commercial Direct & Partnerships, Commercial Claims and Underwriting and Bluefin Services, providing our Brokers and customers a single integrated service for Insurance solutions and expert advice.

The role

Assist in defining the data strategy for personal intermediary non-motor business Assist in the building and maintenance of planning models for personal intermediary non-motor lines of business to produce the inputs for the financial planning process from granular assumptions Produce analyses as required by the underwriting teams to deliver optimal pricing recommendations in line with strategic plans. Suggest ways of improving and developing pricing structures and assist in the development and delivery new approaches to ensure that our methods become and remain “best of breed”. Carry out the analysis to forecast and monitor the impact of rate changes Support and challenge core pricing and underwriting decision-making Identify new pricing opportunities and tactics to improve account performance. Initiate and where appropriate lead projects to deliver these opportunities. Liaise with the core pricing teams and work closely with them to ensure personal intermediary requirements are met

Collation for sign-off of inputs for the assessment of exposure for reinsurance purposes

Maintenance and interrogation of databases to provide market and competitor analysis

Skills, knowledge and behaviour

Education

• Actuarial (full or part qualified), statistical/mathematical degree or similar

Knowledge/Skills/Experience

• Thorough knowledge of insurance pricing
• Ability to analyse and interpret numerical trends
• Practical experience of producing detailed analyses for product pricing
• Very strong PC skills, and in particular, Excel, SAS, Access and other database management and mapping tools
• Sound understanding of general insurance MI
• Ability to work under pressure and to tight deadlines
• Good communication and interpersonal skills