Job Title:

 

Actuary – Pricing Auto Insurance

 

Department:

 

Actuarial / Product & Pricing / Non-Life Insurance

 

Location:

 

Paris / London / Madrid / (specify location)

 

Contract Type:

 

Permanent / Fixed-Term / Full-Time

 

POSITION OVERVIEW:

 

As a Pricing Actuary specializing in Auto Insurance, you will be responsible for developing and maintaining rating structures and pricing models to ensure the profitability and competitiveness of motor insurance products. You will leverage actuarial techniques, data analysis, and market insights to support pricing strategies, product development, and portfolio management.

 

KEY RESPONSIBILITIES:

 

Develop and maintain technical pricing models for auto insurance products (private and/or commercial lines).

 

Analyze claims experience, trends, and customer behavior to inform pricing decisions.

 

Design and implement rate reviews, segmentation strategies, and price optimization initiatives.

 

Collaborate with underwriters, product managers, and data scientists to refine pricing structures and product features.

 

Perform impact assessments of proposed pricing changes on profitability, volume, and risk profile.

 

Monitor portfolio performance and conduct regular profitability analyses.

 

Ensure compliance with regulatory requirements, internal governance, and pricing policies.

 

Support the automation of pricing tools and integration with policy administration systems.

 

Provide actuarial input for product launches, market studies, and competitive benchmarking.

 

Communicate findings and recommendations clearly to technical and non-technical stakeholders.

 

PROFILE REQUIRED:

Education:

 

University degree in Actuarial Science, Mathematics, Statistics, Economics, or a related quantitative field.

 

Actuarial qualification in progress or completed (e.g., IFoA, DAV, IA, or equivalent).

 

Experience:

 

2–5 years of experience in non-life actuarial pricing, preferably in motor insurance.

 

Exposure to telematics, usage-based insurance (UBI), or embedded insurance is a plus.

 

Experience with multi-variate pricing models, GLMs, and machine learning techniques is an asset.

 

Technical Skills:

 

Proficiency in actuarial modeling tools such as Emblem, Radar, R, Python, or SAS.

 

Strong Excel skills and experience working with large datasets.

 

Understanding of insurance regulatory frameworks and pricing principles.

 

Soft Skills:

 

Strong analytical and problem-solving abilities.

 

Ability to communicate clearly and effectively with both actuarial and non-actuarial audiences.

 

Attention to detail and ability to work independently.

 

Team player with a collaborative mindset and commercial awareness.

 

LANGUAGES:

 

Fluent English (written and spoken) is required.

 

Knowledge of local language (e.g., French, Spanish, German) is an advantage.

 

CAREER DEVELOPMENT OPPORTUNITIES:

 

Progression toward senior pricing actuary or pricing manager roles.

 

Opportunities to specialize in advanced analytics, product innovation, or strategic pricing.

 

Cross-functional mobility into underwriting, portfolio management, or data science roles.