Pricing Actuary

Finance · London, Islington
Department Finance
Employment Type Full-time
Minimum Experience Experienced

About Cuvva

Cuvva is a new kind of insurance that’s fast, friendly, and flexible.


We were the first company in the UK to sell hourly insurance, and the first to sell insurance through an app. We’ve sold over 1 million policies, written over 260,000 lines of code and we’re a fast-growing team of over 80 talented people. 


Why work for Cuvva?

We’re shaping the future of insurance. So we don’t cut corners. We try to do the right thing, even when that makes life more difficult for us.

We’ll speak up when we have an idea - but we know when to let go and get behind something else.

And we’re comfortable giving and receiving honest feedback, and trying new ways of doing things. It’s the Cuvva way 

We’re building a diverse team with different backgrounds, outlooks and experiences. So we give everyone a fair chance of getting a role at Cuvva. Even if you secretly don’t love insurance. (Don’t worry - we didn’t either.)

And if you need any adjustments or support when you’re applying to Cuvva, no worries. Just let us know at careers@cuvva.com

 

As well as a competitive salary (dependent on experience) and equity based remuneration, benefits of working at Cuvva include:

 

  • Brand new MacBook 💻
  • A day off to volunteer  
  • Professional development budget 
  • Health and wellbeing budget 🧘‍♂️
  • Office library full of great books 📚
  • Season ticket loans 🚂
  • Cycle to work scheme 
  • One-to-one sessions with our Sanctus coaches, giving you a safe space to talk about your mental health 🧠
  • Referral bonus when you bring your friends to join the Cuvva team 💸
  • Fully stocked beer and soft drink fridge - we do team drinks every Thursday 🍻
  • Regular team lunches 
  • Monthly team outings (so far we’ve done things like karaoke, go-karting, bowling and comedy night) 🎤
  • 33 days of holiday a year (including public holidays 🌞)
  • Savings on your Cuvva insurance


About the role

We are looking for a motor actuary with experience in telematics to help us take our business to a whole new level and build groundbreaking insurance products. This role will have a wide range of responsibilities and require involvement into product development and carrier negotiation. It would be ideal for an actuary who feels that their technical skills can be put to a very commercial use. 

 

Responsibilities

  • Analyse our existing pricing models and suggest improvements
  • Negotiate pricing changes with our insurers and use data to make recommendations
  • Be an integral part of the product development process, helping us understand market trends and potential competitive advantages 
  • Build new pricing models and work with our Insurance product team to implement them
  • Be part of the team that negotiates pricing of new products and subsequent rate reviews with capacity providers  
  • Proactively review conversion rates and loss ratios and suggest rate reviews
  • Be on top of claims data and reporting 


Requirements

  • 8+ years of experience
  • Good communication skills are very important - interaction with other teams and insurance companies will be a big part of this role 
  • Fully qualified or nearly qualified actuary
  • Motor insurance experience is a must 
  • Experience with telematics 
  • Strong technical skills, SQL coding experience and python/R/SAS a bonus
  • Self-starter, confident enough to own the whole process and build models from scratch

Thank You

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  • Location
    London, Islington
  • Department
    Finance
  • Employment Type
    Full-time
  • Minimum Experience
    Experienced