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Market Pricing Analyst
Insurance
Job Description
About AXA:
AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them. As the sixth-largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance. We support millions of customers worldwide, helping them navigate life's uncertainties with confidence.
AXA Health supports members to put their health first, from individuals to huge corporates, with fast access to diagnosis and treatment when they need it.
Job overview:
We’re making a significant investment in pricing capability with a comprehensive pricing transformation programme. This includes the implementation of new pricing software, market-leading modelling, and performance monitoring approaches. Our pricing structure is more aligned to focus on the key disciplines of technical pricing, market pricing and pricing governance. As a result, several vacancies have arisen, with a need for strong data science, actuarial and governance skills.
If you love statistics, numbers and solving problems, joining AXA Health’s Pricing Team could be an excellent opportunity for you. We’re looking for an SME Pricing Analyst. You’ll help deliver the retail pricing strategy for the SME PMI and non-PMI portfolio, continually refining retail pricing models and fine-tuning optimisation of SME rates in the market to strike the required balance between volume and value.
Key responsibilities:
- Delivering robust behavioural, demand, and market premium models in Radar, compliant with regulations, and delivering ongoing value for customers and the business.
- Providing ongoing model performance monitoring with timely reviews and agile interim rating adjustments to protect customers and maintain pricing accuracy.
- Maintaining and enhancing Radar LTV models with robust assumptions to deliver reliable lifetime value insights for responsible pricing and customer value.
- Running Radar optimization and rating models to achieve sustainable volume and value, backed by AXA’s trusted analytics.
- Pricing for legacy SME PMI and non-PMI portfolios before migration, ensuring fairness and regulatory alignment.
- Ensuring robust modelling and performance data, collaborating with Data & Systems to improve accuracy and decision-making.
- Upholding AXA’s Fair Pricing Policy and conduct standards in pricing proposals, ensuring transparent, fair pricing.
- Fostering strong collaboration with Pricing and Distribution teams to align strategies and accelerate value delivery for customers.
Work arrangements:
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means attending the office, visiting clients or attending industry events.
Your skills & experience:
- Knowledge of retail pricing data and modelling techniques, including GLMs and machine learning such as GBMs.
- Understanding of price optimisation and other actuarial techniques including reserving.
- Experience of using Radar pricing software.
- Higher education (equivalent grades of 2:1 or higher) in a mathematics or statistics related discipline and ideally studying towards actuarial qualification.
- Understanding of the regulatory environment in which the business operates and understanding of the dynamics of large organisations.
- Outstanding communication skills.
- Solution focused, with a strong focus on delivery, and desire for continuous improvement.
- Self-motivated with a can-do attitude.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.
This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre-employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.
How to apply:
To apply, click on the ‘apply now’ button, you’ll then need to log in or create a profile to submit your CV. We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we’re proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to saraya.cussons@axa-uk.co.uk.
We encourage you to apply for this opportunity as soon as possible, as we may close this advert earlier than the listed closing date.
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