Pricing Actuary, Specialty

Pricing Actuary, Specialty

Let’s care for tomorrow.

Your ambitions . Your dreams . Your tomorrow

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for a Pricing Actuary, Specialty (m/f/d), based in London or Munich.

Your Team

Our Global Pricing Specialty Team is a dynamic group of insurance experts dedicated to navigating through the complex landscape of pricing strategies worldwide. With a deep understanding of the insurance industry's nuances, we craft innovative pricing models that ensure our clients remain competitive in a rapidly evolving Specialty market. The team is located across London, Munich, Bucharest, Chicago and New York. 

The Impact You Will Have

Reporting to the Head of Pricing Specialty you will be a business partner to the Allianz Commercial Specialty lines of business areas.  As part of Global Pricing, you will take an active part in guiding and steering the exposures in the portfolio and as part of that will inform appropriate pricing strategies to enable Allianz Commercial to meet long-term profit targets. 

You will provide advice and tools that enable execution of these strategies and support in the monitoring of outcomes.

Some of your specific responsibilities could include:

• Develop and maintain pricing tools; this involves refinement of the tools through recalibrations and the development of appropriate statistical pricing methodologies and the development of tool specifications to support IT enhancements.  

• Carry out deep-dive profitability reviews (both proactively and in response to concerning leading KPIs). This will involve preparation of the data and analysis of the profitability of individual accounts and/or business segments, as required. Ensure that the results of such analyses lead to meaningful portfolio actions and are reflected in technical pricing models as appropriate. 

• Support underwriters through case pricing of the largest and more complex accounts. 

• Understand market developments globally and ensure that loss trends, both prospective and retrospective, are understood and reflected in our underwriting activities. 

• Establish an excellent working relationship with Underwriting and senior management to ensure their long-term support for technical pricing concepts and pricing tools. 

• Coordination of global, cross-team projects as required. 

• Peer review work from other team members. 

What You’ll Bring to the Role

• Qualified P&C Actuary (or nearly qualified P&C Actuary with significant P&C experience)

• Strong mathematical and analytical skills with great attention to detail. 

• Excellent computer skills with knowledge of Excel, and experience with coding (SQL or Python an advantage).

• Experience of commercial lines pricing, ideally large corporate and specialty lines. Including the development and management of pricing tools, preferably for P&C commercial lines. Knowledge of specialty lines (Marine, Aviation, Entertainment) would be an advantage.

• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential

• A natural curiosity with an ability to ask probing questions and the tenacity to ensure that those questions lead to appropriate action.

• Partnering mentality with the ability to build strong working relationships with peers, management, and the business areas.

• Experience in discussing technical information to a non-technical audience.

• Strong results orientation with a proven track-record of delivering on-time projects and process improvements.

• Ability to work in an international environment.

• Fluent English skills

84031 | Actuarial | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

People with disabilities:
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email [email protected]

Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being pai

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