Market Pricing Analyst (Insurance)

TL;DR

Market Pricing Analyst (Insurance): Developing predictive models and performing price optimization to drive business growth and profitability with an accent on GLM techniques and machine learning. Focus on utilizing statistical data to optimize rates and monitoring performance across multiple brands and channels.

Location: Hybrid - Must be based in the UK (office attendance in Bournemouth once a month)

Salary: £30,000 - £40,000

Company

One of the largest car and home insurers in the UK.

What you will do

• Develop predictive models using traditional GLM techniques and machine learning.
• Perform price optimisation and deploy updated rates into the rate engine.
• Run data for modelling, pricing, and ongoing monitoring.
• Deliver accurate performance reports across all brands, products, and channels.
• Track the performance of new price initiatives against expected results.
• Maintain records to coordinate pricing decisions and implementation across teams.

Requirements

• Numerical degree in mathematics, statistics, or actuarial science.
• Knowledge of statistics for data exploration and manipulation of large datasets.
• Experience with Excel and a programming language (e.g., R, Python, Matlab, or Octave).
• High level of numeracy with excellent attention to detail.
• Must be based in the UK.

Culture & Benefits

• Flexible working options including smart working, part-time, and job-share arrangements.
• Generous leave policy with a minimum of 35 days holiday.
• Comprehensive health support including dental insurance, health cash plan, and mindfulness sessions.
• Financial perks such as annual bonus schemes, salary reviews, and competitive pension.
• Enhanced parental leave (16 weeks full pay for primary adopters/parents).
• Employee discounts on motor and home insurance.