• Risk Pricing Analyst

    Job Ref
    Closing Date
    Advertised Range (External)
    Permanent Full-Time
    Location : City
  • Job Purpose

    Risk Pricing Analyst


    In this role you’ll become an integral part of the Pricing team at Ageas UK (Direct), working with a team of pricing professionals in order to drive pricing & process improvements, delivering enhancements to the pricing capability of our direct brands – Ageas Direct and RIAS, among others.


    Your experience in risk pricing means that you’ll have the skills and knowledge to apply appropriate controls to the pricing process and develop new techniques to ensure the business operates at an optimised performance level.


    The main accountabilities of the Risk Pricing Analyst role:

    • Monitor and analyse the performance and profile of the Ageas UK (Direct) Motor and Home books from a risk perspective.
    • Contribute to the production and maintenance of risk pricing models.
    • Identify and monitor market trends.
    • To support the underwriting team in footprint reviews, providing recommendations for price changes required or the appropriate price point when moving in to new areas.
    • Gain a broad understanding of the operating practices within the Pricing department.
    • Develop an effective internal network with key stakeholders in the business.
    • Evaluate new product propositions in order to identify potential profitability and recommend an appropriate price position


    The Successful Risk Pricing Analyst will have:

    • Highly numerate background – preferably with a Mathematics based qualification.
    • Experience in a statistical role within Personal Lines insurance, preferably in a pricing function.
    • Understanding of pricing software (i.e. Emblem, Radar & Classifier).
    • Capacity to learn new software tools for data manipulation & statistical modelling.
    • Knowledge of insurance products and distributions (Direct, Intermediary & Aggregators).
    • Ability to present statistical information in a manner suited to the target audience.
    • Experience of using statistical software (SAS, R & Python).
    • Understanding of machine learning methods (e.g. Decision Trees, Clustering).


    About Ageas Retail


    We’re focused on our people and we embed our values and employer value proposition into all that we do. We train and invest in our people to be the best that they can be and with c.5,500 employees in the UK, that’s a big investment.


    Our background is in supplying insurance solutions to eight million customers. Distributing Personal and Commercial products through brokers, intermediaries, affinity partners, the internet and through our own wholly or part-owned companies trading as Ageas Retail - it’s brands include Castle Cover, Kwik Fit Insurance Services, Express Insurance and RIAS - and we partner with some well-known brands such as Virgin Money, General Motors and John Lewis.   Ageas UK also holds a 50.1% share in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers. 

    Here are some of the benefits you can enjoy:


    As much as we value our customers, we also value you. So in your Risk Pricing Analyst position you can enjoy a comprehensive range of flexible benefits options - such as company pension, 23 days’ holiday (you can buy or sell up to 5 days), a car lease scheme, life assurance, and an annual bonus. Our people receive childcare vouchers and enjoy discounts on company products and with a wide range of retailers & gyms.


    Full study support is available


    To apply for the Risk Pricing Analyst role, based in Bournemouth, click the ‘Apply Now’ button.














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