Retail Pricing Analyst

Policy Expert – Retail Pricing Analyst 

🚀Are you ready to transform the insurance industry? 

Policy Expert is a forward-thinking business that loves to get things done. Leveraging proprietary technology and smart data, we offer reliable products and a wow customer experience. 

Having achieved rapid growth since being founded in 2011, we’ve won over 1.5 million customers in Home, Motor and Pet insurance and have been ranked the UK’s No.1-rated home insurer by Review Centre since 2013. 🏆 

 

About the pricing team: 

As one of the fastest growing Insurers in the UK, you will enjoy a fast-paced environment and thrive in a forward-thinking culture. You will be part of a team utilizing advance analytics and machine learning techniques applied in pricing structures. You will be working in collaboration with the data engineering team and the quote engine team to support the bespoke pricing algorithms. 

 

Your day to day: 

Support the Group Head of Retail Pricing and Implementation to achieve the most efficient pricing by selecting the optimal balance between contribution and volume (Efficient Frontier) across all products underwritten by Policy Expert.  

The job holder will also support with commercial changes in between optimisation cycles, working closely with Retail & Marketing and other cross functional teams. 

• Identify day to day pricing changes between optimisation cycles to meet sales targets.
• Scan market movements to identify appropriate response across Policy Expert products.
• Review portfolio mix and business performance by client segment to identify optimal pricing changes.
• Liaise with Retail & Marketing and other relevant stakeholders to support with cross functional projects e.g., marketing campaigns, branding, product adjustments e.g., excess changes. 
• Develop a good understanding of loss ratio development trends to identify appropriate short-term and longer-term responses.
• Support with the preparation of the Trading Committee, including material, follow up actions etc.
• Set pricing for ancillary products.

 

Who are you: 

• Degree in numerically based discipline e.g., Maths, Data, Statistics
• Data modelling techniques
• 2+ years insurance pricing experience
• Commercially focussed
• Performance management
• Strong stakeholder management skills
• Reactivity and speed in execution
• Communication/influencing
• Decision making

 

Benefits: 

📍 This role will be based in our London office in a 50/50 Hybrid mode. 

💸 Generous Pension contribution scheme 

🏥 Private medical & Dental cover 

📚 Learning budget of £1,000 a year + Study leave (with encouragement to use it) 

😁 Enhanced maternity & paternity  

🚉 Travel season ticket loan 

🎟️ Access to a wide selection of London O2 events and use of a Private Lounge 

🌈 Employee Wellbeing Programme 

 

What We Stand for and Next Steps “We pride ourselves on being an equal opportunity employer. We treat all applications equally and recruit based solely on an individual’s skills, knowledge, and experience. The quality and growing diversity of our team is a testament to this commitment”  

At Policy Expert, we are committed to fostering an inclusive and supportive environment for all candidates. If you require any reasonable adjustments during the interview process to accommodate your needs, please do not hesitate to let us know. We are dedicated to ensuring every candidate has an equal opportunity to succeed and will work with you to provide the necessary support. 

We aim to be in touch within 14 working days of your application – you will be notified if successful or unsuccessful. Please be encouraged to apply even if you do not meet all the requirements. 

Useful links:  

Glassdoor | Trust Pilot