Cyber & Delegated Authority Pricing Actuary

Target Openings

1

What Is the Opportunity?

We’re looking for a talented Pricing Actuary to take a leading role in Cyber and Delegated Authority (DA) pricing within our Financial Lines business, which exceeds £300 million in premium.

This is a high-impact opportunity to lead pricing for Cyber, one of our largest and fastest-growing products. Following the acquisition of Corvus, Cyber is a key strategic area for growth over the next five years.

The role also offers scope to lead DA pricing across our Financial Lines portfolio, a £100m+ area of business that continues to expand.

We’re looking for someone with strong cyber insurance pricing experience, ideally with exposure to DA and the Lloyd’s market. You’ll be a qualified actuary or qualified by experience, with the confidence to influence strategy and deliver meaningful insights.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full-time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Lead actuarial pricing for Cyber across Travelers Europe.
• Develop and enhance pricing models to improve risk selection.
• Provide strategic insights into overall portfolio performance.
• Partner with senior underwriters to shape Cyber growth strategy.
• Develop a more mature pricing framework for our DA portfolio, including rate adequacy measures.
• Stay ahead of emerging trends and developments in the Cyber landscape.

Be Committed, Be Connected, Be Creative and Be Commercial– these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work.

To be successful, you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model; and consistently deliver on your commitments.

What is a Must Have?

• Bachelor’s Degree required in a STEM subject.
• Fully qualified actuary or qualified by experience.
• Previous experience within actuarial pricing.

What Will Our Ideal Candidate Have?

• Strong understanding of insurance products and industry.
• Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
• Excellent communication, collaboration and relationship-building skills.
• Ability to present and translate complex information in relevant business terms.
• Strong PC skills (MS Office) and programming skills (e.g., SQL, Python, R).
• Begins to challenge conventional thinking.
• Takes ownership of projects related to strategic initiatives and makes recommendations to influence business outcomes.
• Proficient in Leading Self, exhibiting decisiveness and self-awareness while also effectively managing ambiguity.
• Initial development of Leading Others, including modeling the way for others and effectively leading team projects.
• Initial development of Leading the Business, including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.
• Has an in-depth understanding and knowledge of certain key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.
• Able to effectively utilize this business knowledge in developing and implementing analytic solutions.
• Has a general perspective of the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors.
• Is familiar with other key business drivers and disciplines.
• Proactively build and own professional business relationships across the Enterprise.
• Generate and solicit ideas, and build consensus.
• Aware of potential conflict and address proactively.
• Acknowledge accomplishments of others within your primary working group.
• Set and manage expectations with business partners for large projects.
• Understand diverse perspectives to effectively accomplish business goals.
• Able to introduce innovative techniques to existing problems.
• Independently perform and implement complex analytics.
• Leads and actively engages in technical/peer reviews.
• May offer technical consultative feedback.
• Can assess various technical solutions to optimize analytical outcomes.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.