Pricing Actuary, Specialty

Pricing Actuary, Specialty

Join to apply for the Pricing Actuary, Specialty role at Allianz Commercial .

Your Team

Our Global Pricing Specialty Team is a dynamic group of insurance experts dedicated to navigating through the complex landscape of pricing strategies worldwide. With a deep understanding of the insurance industry's nuances, we craft innovative pricing models that ensure our clients remain competitive in a rapidly evolving Specialty market. The team is located across London, Munich, Bucharest, Chicago and New York.

The Impact You Will Have

Reporting to the Head of Pricing Specialty you will be a business partner to the Allianz Commercial Specialty lines of business areas. As part of Global Pricing, you will take an active part in guiding and steering the exposures in the portfolio and as part of that will inform appropriate pricing strategies to enable Allianz Commercial to meet long-term profit targets.

You will provide advice and tools that enable execution of these strategies and support in the monitoring of outcomes.

Some of Your Specific Responsibilities Could Include

• Develop and maintain pricing tools; this involves refinement of the tools through recalibrations and the development of appropriate statistical pricing methodologies and the development of tool specifications to support IT enhancements.
• Carry out deep-dive profitability reviews (both proactively and in response to concerning leading KPIs). This will involve preparation of the data and analysis of the profitability of individual accounts and/or business segments, as required. Ensure that the results of such analyses lead to meaningful portfolio actions and are reflected in technical pricing models as appropriate.
• Support underwriters through case pricing of the largest and more complex accounts.
• Understand market developments globally and ensure that loss trends, both prospective and retrospective, are understood and reflected in our underwriting activities.
• Establish an excellent working relationship with Underwriting and senior management to ensure their long-term support for technical pricing concepts and pricing tools.
• Coordination of global, cross-team projects as required.
• Peer review work from other team members.

What You’ll Bring To The Role

• Qualified P&C Actuary (or nearly qualified P&C Actuary with significant P&C experience)
• Strong mathematical and analytical skills with great attention to detail.
• Excellent computer skills with knowledge of Excel, and experience with coding (SQL or Python an advantage).
• Experience of commercial lines pricing, ideally large corporate and specialty lines. Including the development and management of pricing tools, preferably for P&C commercial lines. Knowledge of specialty lines (Marine, Aviation, Entertainment) would be an advantage.
• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.
• A natural curiosity with an ability to ask probing questions and the tenacity to ensure that those questions lead to appropriate action.
• Partnering mentality with the ability to build strong working relationships with peers, management, and the business areas.
• Experience in discussing technical information to a non-technical audience.
• Strong results orientation with a proven track‑record of delivering on‑time projects and process improvements.
• Ability to work in an international environment.
• Fluent English skills.

Benefits and Perks

• Hybrid working model allowing a balanced mix of in‑person collaboration and remote work.
• Competitive compensation and benefits package, including a generous bonus scheme and pension (varies by location).
• Career development and digital learning programs, international career mobility and lifelong learning opportunities.
• Support for flexible working, health and wellbeing (private healthcare, generous parental leave benefits) and assistance for employees returning from career breaks.
• Opportunities to contribute to sustainable, inclusive and socially responsible initiatives.

People with Disabilities

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email

Equal Employment Opportunity Statement

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Learn More About Careers at Allianz Commercial

For more information about careers at Allianz Commercial, please click here.

#J-18808-Ljbffr