Pricing Actuary

CompanyBeazley

LocationLondon, England, United Kingdom

Posted At1/16/2026

UK Visa Sponsorship Analytics

Occupation Type

Actuaries, economists and statisticians

Occupation Code Skill LevelHigher Skilled

Sponsorship Salary Threshold

£55,100 (£28.26 per hour)

Occupation rate applies

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Description

General

Beazley - Job Description And Person Specification

Job Title: Pricing Actuary

Division: Finance - Actuarial

Reports To: Lead Pricing Actuary - Property Risks

Key Relationships: Underwriters and business managers, Beazley actuaries, Claims managers, Data Management and Ceded Reinsurance teams, regulators, external actuaries, brokers.

Job Summary: Actuarial pricing for the Property Risks Division at Beazley

Responsibilities

Key Responsibilities:

Technical

Provide pricing support to the Property Risks underwriting teams at Beazley; pricing support includes (as required):
Developing pricing tools that support the estimation of price adequacy and rate change
Performing portfolio and transactional pricing analyses
Performing segmental and trend analyses
Performance monitoring (e.g. rate change and price adequacy metrics)
Develop, maintain and review pricing models to the required standards
Contribute effectively to the production of the relevant reports required for any key committees where required.

Provide training to underwriters in pricing; this includes technical pricing and rate change requirements

Understand and support the underwriting controls related to pricing and relevant regulatory principles

Understand and apply the pricing quality assurance process

Assist in other projects undertaken by the actuarial team e.g. liability transfer valuations and business planning analyses

Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives

Build your technical pricing skills and experience

Provide support and mentoring to the junior members of the team

Keep abreast of industry best practice, new initiatives and changes in regulatory requirements

Build and maintain constructive working arrangements with those groups identified as being key to your role

Work with the underwriters, exposure management, claims managers, Data Management and Ceded Reinsurance to ensure the quality and appropriateness of the data used for pricing; ensure the necessary data is captured from pricing tools to enhance future pricing capabilities

Maintain pricing model documentation with required frequency, obtaining the appropriate managerial sign-offs

Identify opportunities and contribute to delivering improvements in the pricing processes and methodologies

Undertake professional, technical and career development training (delivered internally and externally); this includes pursuing the actuarial qualification where applicable

General

It Is Important That Within All Your Interactions Both Internally And Externally You Adhere To Beazley’s Core Values - Being Bold, Striving For Better, And Doing The Right Thing - As They Contribute To An Internal Environment Of Teamwork And Promote a Positive Brand Image And Experience To Our External Customers. We Also Expect Beazley Employees To

Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.
Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.

Display business ethics that uphold the interests of all our customers

Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.

Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.

Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification

Essential Criteria

Actuarial qualification
Pricing experience; with specialty (re)-insurance market knowledge desirable
Firm grasp of actuarial / statistical techniques used in pricing
Understanding of reinsurance and capital with application to pricing

Education And Qualifications

University degree in Mathematics or related field

Skills And Abilities

General commercial and financial knowledge
Competent user of MS Excel; VBA, Access, Python, SQL and R skills desirable
Strong analytical skills with attention to detail; accurate and numerate
Able to communicate effectively both verbally and in writing
Team worker as well as able to work on own initiative
Ability to manage time, meet deadlines and prioritise

Aptitude and Disposition

Outcome focused, self-motivated, flexible and enthusiastic
Professional approach to successfully interact with team members, internal and external stakeholders

Competencies

Achievement and solution focused
Analytical
Information seeking
Stakeholder focus
Using initiative
Having integrity
Taking responsibility
Attention to detail

Who We Are

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.

Be bold
Strive for better
Do the right thing

Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us - our ambitious inclusion & diversity and sustainability targets are testament to this.

We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.

Explore a variety of networks to assist with professional and/or personal development. Our Employee. Networks include:

Beazley RACE - Including, understanding and celebrating People of Colour
Beazley SHE - Successful, High potential, Empowered women in insurance
Beazley Proud - Our global LGBTQ+ community
Beazley Wellbeing - Supporting employees with their mental wellbeing
Beazley Families - Supporting families and parents-to-be

We Encourage Internal Career Progression At Beazley, Giving You All The Tools You Need To Drive Your Own Career Here, Such As

Internal Pathways (helping you grow into an underwriting role)
iLearn (our own learning & development platform)
LinkedIn Learning
Mentorship program
External qualification sponsorship
Continuing education and tuition reimbursement
Secondment assignments

The Rewards

The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, global organization.

Attractive base compensation and discretionary performance related annual bonus
Private medical insurance coverage for both you and your dependents
Company paid life assurance and long term disability insurance

Pension with 10% employer contribution, plus a further matched contribution up to 2.5%

25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval. Additional annual leave purchase is also available up to a maximum of five additional days per year.

Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually

Up to £550 reimbursement towards home office setup

Free in-office lunch and monthly lifestyle allowance

Monthly travel allowance or annual season ticket

The opportunity to save for, and purchase, shares of Beazley stock

Six months fully paid parental leave, regardless of how you come to parenthood

Company paid sabbatical up to 12 weeks after 10 years of continued service

Support with exam/study leave and fees for relevant qualifications related to furthering education

Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business