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Full-Time

Pricing Actuary

Confirmed live in the last 24 hours

Hippo Insurance

Hippo Insurance

501-1,000 employees

Modern homeowners insurance using smart technology

Hardware
Fintech
Financial Services
Real Estate

Mid, Senior

Austin, TX, USA + 2 more

Category
Insurance
Finance & Banking
Required Skills
Python
Communications
Data Science
SQL
Business Strategy
Data Analysis
Requirements
  • Roughly 3-7 years of actuarial pricing experience in Homeowners or related P&C insurance lines
  • Actuarial credentials: FCAS or near-FCAS
  • Strong knowledge of actuarial and insurance concepts such as loss cost trends, rate indications, loss cost modeling, reserving, and other key metrics
  • Professional coding experience using SQL and Python (or other language) for data manipulation and analysis, with opportunities to further develop these skills on the job
  • Experience using output of predictive models
  • Strong business acumen, linking analysis to business impact
  • Excellent communication and project management skills
Responsibilities
  • Lead the strategy, analysis, and execution of state-level rate changes and new program launches from end-to-end
  • Collaborate with Underwriting & Product Management to influence business strategy around profit and growth levers
  • Provide support for loss cost model selection, scoring, calibration, and reporting
  • Build raters and proposals in Python to ensure technical rate and model delivery
  • Develop new tools for the pricing team, contributing to the continuous improvement of our product development lifecycle
  • Own components of the loss ratio forecast model, integral to our insurance financial planning, with guidance from senior leaders
  • Integrate capital modeling and reinsurance cost allocations into pricing decisions through improved marginal risk tools
  • Cultivate proactive relationships with underwriting, legal, finance, risk and reinsurance, agency, home care, tech product, and leadership to translate analytics into visible and actionable work
  • Engage in or lead data science projects and advanced analytics initiatives across the organization

Hippo Insurance Services

Company Stage

IPO

Total Funding

$2B

Headquarters

Palo Alto, California

Founded

2015

Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-12%

2 year growth

-13%
Simplify Jobs

Simplify's Take

What believers are saying

  • Hippo's growth in Q1 2024 and the expectation of further acceleration indicate strong business momentum.
  • The launch of the Appetite Finder feature and the milestone of 100 carriers and MGAs on First Connect highlight Hippo's innovative approach and market penetration.
  • Significant revenue growth, as evidenced by an 80% surge to $64 million, showcases Hippo's successful business strategies.

What critics are saying

  • Hippo's recent layoffs, including a 20% reduction in staff, could indicate underlying financial or operational challenges.
  • The $273 million loss at the end of 2023 raises concerns about the company's profitability and long-term sustainability.

What makes Hippo Insurance unique

  • Hippo's focus on proactive home protection sets it apart from traditional home insurance providers who typically offer reactive solutions.
  • The partnership with Snapsheet enhances Hippo's claims process, providing a seamless and efficient experience for homeowners.
  • First Connect's digital platform, which connects independent agents with top carriers, adds a unique value proposition to Hippo's offerings.