Reinsurance Pricing Actuary

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs. 

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days. 

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years. 

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

In this Commercial Pricing Actuary role you'll work on pricing for the Treaty book at Ki as well as any other future reinsurance lines. Working closely alongside our Underwriters, you'll enhance Ki's risk selection and build our commercial and strategic direction. You'll be responsible for carrying out deal level pricing for complex teinsurance risks and facility deals, providing challenge and direction where required. You'll support the class by developing class specific management information and insight to communicate back to stakeholders across Undewriting, Portfolio Management, Actuarial, Algorithmic Underwriting, Risk and external brokers and clients.

What you will be doing: 🖋️

• Responsible for delivering deal level case pricing for the Treaty division, with a focus on material and complex deals. Providing SME class and market knowledge to supplement and challenge.
• Responsible for building best-in-class pricing model(s) that sit outside of the algorithm including the technical build, development, and maintenance, adopting innovative and sophisticated techniques, utilising tech solution. Working closely with the other class specific Pricing Team members.
• Carry out model validation and recalibration exercises, assessing and communicating the impact of model changes.
• To create and maintain the appropriate governance and documentation of the model(s), and to support the Actuarial Director and Head of Pricing with relevant Actuarial/Pricing governance and reporting.
• Working collaboratively with the Algorithmic Underwriting team to support the development of the class model within the Algorithm, inputting SME knowledge into the development of new techniques and data sources to Ki’s capabilities within the Algorithm.
• Embedded day-to-day sat within the Treaty division team in Portfolio Underwriting Team within Ki, working side by side with the Underwriters to enhance Ki’s commercial and strategic approach using creative actuarial insight and innovative solutions - ultimately creating commercial value.
• Supporting the Portfolio Underwriting team in external meetings and communication with brokers and clients.
• Identify areas for growth or remediation within the class, supporting strategic direction through input and challenge.