South Croydon, England, United Kingdom
I am an experienced Actuarial Analyst with exposure to personal lines motor, household and travel insurance pricing, commercial property and casualty. I am a specialist in DUA pricing in commercial lines. I have proven capability in helping to maintain profitability through monitoring key performance indicators, making pricing decisions and product adjustments. Tangible examples of this include; identifying anti selection risks to bring loss making accounts to breakeven and fixing errors in pricing algorithms to stop premium leakage. I am able to communicate in a clear and concise manner to negotiate with business stakeholders in order to agree effective pricing solutions. For instance, speaking to underwriters about concerns on projected loss ratios and suggested ways we can deal with over optimistic projections or remediation plans. I am the go-to person in my team to train and develop new joiners, enabling them to settle in with the team and the company better and quicker. This is something I’ve taken pride in and enjoy doing, encouraging others to shine. I am a team player who focuses on more than analytics and I am now confident that I am ready for the next step in my career.
Sole analyst in DUA portfolio solutions which help delivering pricing solutions efficiently to help business to grow from $150m to $1b Review and challenge on UW strategies going forward to tailor business plan into achievable targets instead of blindly allowing market condition to take over Setting out pricing guidelines for UW to follow in order to meet market pricing and regulators requirement Case Pricing across all lines of business, applying both deterministic and stochastic techniques. Build and Improve internal templates to save time between UW and planning teams which also provided a way to track all business decisions and inputs. Saving time to engage in more meaningful discussions rather than data crunching Liaise with different actuarial functions to assist business planning to justify any data manipulations and adjustment implemented Assisted with reinsurance query to identify best reinsurance option for the portfolio and justify if reinsurance costs and expected recoveries are sensible
Assisted in building the risk premium model, sense checking and suggesting continuous improvement and development once the model has been built Trained underwriters to adapt to the risk premium model in quotations and pricing concepts Responsible for Identifying under-performing segments, determining causes and impact of these concerns and recommending remedial action to address finding Managed schemes over £500k, performing analysis to find problematic areas where remedial action is required Designed new products or updated current products with other teams to ensure we stay competitive and compliant in the insurance market Quoted for local and international business opportunities and supported business units in other regions where necessary Led the underwriting team to prepare for the ongoing global transformation project, preparing the team and wider business to adapt to a new way of working
Sole analyst for most of 2015, monitoring the performance and profitability of our broker home portfolio. Constant analysis to identify under-performing segments, determining the causes and impact of these concerns and recommending remedial action to address these. Responsible for organising meetings with the pricing director and the GI executive on a monthly basis to present findings and recommendations for pricing changes. Discuss with managers to finalise optimal strategic or pricing solutions and tailor the most adequate pricing approach in anticipation or reaction to market movements. Implement numerous risk selection processes to improve portfolio performance and help us to target the most profitable business segments. Liaise with other colleagues to explore opportunities for cross-selling of products, working together and sharing knowledge of our different insurance products and markets to ensure the best solutions for our customers and our profitability. Assist the underwriting team with launching new schemes, working with various brokers to ensure we have obtained all relevant information with regards to target demographics and sales route, to enable appropriate and competitive pricing. Work closely and negotiate with different teams such as underwriting, claims and compliance to ensure the product continues to perform towards plan.