Head of Pricing Development & Standards

Who we are:

Apollo is a specialised independent (re)insurer, established in 2009, to deliver top-tier products and services to clients, brokers, and capital partners at Lloyd’s. The name "Apollo" was inspired by the achievements of one of its founding investors, Neil Armstrong, the first person to walk on the moon in 1969. Together with Jim Hays, Neil identified an opportunity to create a unique service provider within Lloyd’s.

Since its inception, Apollo has significantly broadened its portfolio of insurance solutions. This includes Apollo 1969’s traditional and specialty lines, ibott 1971’s innovative sharing economy products, and managing agency services at Lloyd’s through our Strategic Partner Syndicates. Today, Apollo continues to grow with team of over 270 professionals dedicated to fulfilling the company’s mission of enabling a resilient and sustainable world.

“We attract and retain a diverse range of talent by fostering an inclusive, equitable team environment where individuals from all backgrounds have opportunities to grow, succeed, and contribute. We empower our teams to achieve excellence and drive forward-thinking solutions, aiming to enable a resilient and sustainable world.” - David Ibeson, Group CEO

Your Role: 

Reporting to the Chief Actuary, this newly created position will play a critical role within the actuarial function and wider business. The role involves transforming Apollo's rating tools from the current Excel/SQL setup to a modular approach within a leading London market pricing platform, Hyperexponential (Hx).

The Head will lead a small technical team, coordinating pricing oversight and strategy across the wider function encouraging collaboration within the Pricing function, regularly meeting with senior team members to share observations, concerns, and best practices.

What You’ll Do:

Oversee Hx Implementation and Maintenance:

• Oversee Hx implementation (stage 1) and ongoing maintenance and development (stage 2).

Governance and Reporting:

• Govern pricing policies, procedures, and Lloyd’s Principles.
• Coordinate pricing reporting, including Principles assessments, Pricing Group MI, and broader business Pricing MI.
• Support governance activities, monitor adherence to standards, and identify training needs.
• Coordinate and guide syndicate actuaries according to Lloyd’s Pricing Maturity Matrix.

Pricing Strategy and Collaboration:

• Shape and define group pricing strategy to optimize the pricing function's contribution.
• Ensure alignment and collaboration with divisional heads of pricing.
• Provide peer review for 1969 and 1971 pricing functions.
• Collaborate with Exposure Management, Data Solutions, and IT on shared projects.

Data and Module Management:

• Manage data integrity and competition considerations.
• Design, develop, and maintain generic modules for multiple rating tools.
• Migrate current pricing models to the new platform using common modules.
• Ensure adherence to architecture, standards, and development processes.
• Provide quality assurance for common module implementation.
• Maintain and update common modules to meet stakeholder needs.

Centre of Excellence and Training:

• Function as a centre of excellence for modelling capability, providing training and direct support to syndicate pricing actuaries and underwriters.
• Mentor and develop junior team members.

What We Are Looking For

The successful candidate will have the opportunity to lead a new team within the Pricing function in a revised structure designed to create enhanced career opportunity and progression. We are seeking candidates with the follow experience and skill set:

Experienced Pricing Actuary with comprehensive understanding of London Market Pricing Methodologies:

• Experience in pricing various classes of business within the London Market.
• Proficient in applying advanced actuarial techniques and models to develop accurate pricing strategies.
• Knowledgeable about regulatory requirements and industry standards specific to the London Market.

Experience in Developing Models in Hx Renew and Solid Coding Experience Using Python:

• Skilled in creating and enhancing pricing models using Hx Renew, with a strong grasp of its data model.
• Proficient in Python programming, capable of developing robust and efficient code for actuarial applications.
• Ability to integrate Python scripts with Hx Renew to automate and streamline pricing processes.

Ability to Translate Conceptual Ideas into Practical Solutions:

• Strong analytical skills to convert theoretical concepts into workable models and strategies.
• Ability to identify practical applications for complex actuarial theories and methodologies.
• Skilled in developing solutions that are both innovative and feasible within the business context.

Collaborative Approach and Growth Mindset:

• Strong collaborator, able to collaborate effectively with colleagues across contrasting functions and levels.
• Open to feedback and willing to adapt and improve based on constructive criticism.
• Committed to fostering a positive and inclusive work environment that encourages growth and development.

What you will get in return:

Our compensation package is designed to attract top talent. In addition to a fair and attractive salary, this role offers a discretionary bonus and a comprehensive range of benefits, including 31 days of annual leave, a non-contributory pension and private medical insurance.

Our Commitment to Inclusion:

Apollo is a growing and diverse team of empowered and passionate experts who focus on bringing innovation, data driven decision making and collaboration to every relationship and every risk. To meet the needs of a demanding global insurance market, we need a diverse workforce that truly understands the international communities we serve.

That is why we're focused on developing diverse talent at every level; inclusion and diversity means more to us than just chasing a target and we are committed to supporting and celebrating difference. Our people are at the heart of our business which is why we value the diversity of thought and talent of every member of our team.

We offer a range of support and run a programme of events and training that recognise the challenges and opportunities relating to diversity.

Hybrid & flexible working: 

At Apollo, hybrid and flexible working is fully embraced and we do not see the benefit of presenteeism. We understand that no two colleagues are alike, and as such we support the ability to remain agile and achieve a home and work balance to best suit business and personal commitments.

Thank you!

To find out more about our values, ESG strategy and commitment to inclusion please click on the 'Life at Apollo' pack.