General insurance – Pricing Tools and Techniques for a Softening Market Working Party – members

Application closing date: 4 April

The newly formed Pricing Tools and Techniques for a Softening Market Working Party is looking for volunteers with the aim of developing a toolkit for pricing actuaries in the Lloyd’s / London market to enable them to better manage through the underwriting cycle.

We are looking for actuaries with an interest in pricing & portfolio steering in the Lloyd’s / London market / large corporate space. Backgrounds in pricing and broker analytics are particularly relevant.

Outputs volunteers will be producing may include:

• Definition of a soft market
• Overview of existing research
• Survey of pricing actuaries' experience in the last soft market and readiness levels for the next
• Development of a cycle management toolkit for pricing actuaries
• Definition of different key roles in cycle management (pricing, underwriting, wider actuarial, etc.)
• To read more about the working party, see its terms of reference

Read more about the working party in its terms of reference (PDF, 190 KB)

Time commitment

It is hoped that the commitment would be around 12 months.  Usually, volunteers are asked to participate in 6-12 meetings per annum (lasting around one to one and a half hours) plus time for preparation and post-meeting research and follow up actions. There is no requirement to meet in person.  

Next steps

If you are interested in this role but would like an informal conversation before applying, please email us at engagement.team@actuaries.org.uk.

If you have read all the above and would like to apply, please send us:

• brief details of your relevant experience
• your reasons for wishing to get involved
• your ARN (if you are a member)
• a brief copy of your CV and full contact details (if you are a non-member)
• confirmation that you have read, understood, and agree to the information and requirements laid out in our volunteer information pack (please be aware that until we have received this confirmation, we will not be able to appoint you as a volunteer)

Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.

We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

What you need to know

Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s governance manual and volunteer information pack. Before offering to provide support, please read through: what you need to know.