Full-Time

Pricing Actuary

Posted on 8/30/2024

Hippo Insurance

Hippo Insurance

501-1,000 employees

Homeowners insurance with smart technology integration

Financial Services
Consumer Goods

Mid, Senior

Remote in USA

Remote in one of the following states: Texas, New Jersey, Illinois, Connecticut, Pennsylvania, and Massachusetts.

Category
Insurance
Finance & Banking
Required Skills
Python
Data Science
SQL
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 provides homeowners insurance that combines traditional coverage with smart home technology and proactive home care services. Their insurance policies not only protect homes but also include advanced features like smart home devices that help identify and prevent potential issues before they occur. This proactive approach sets Hippo apart from other insurance providers, as they focus on keeping homeowners informed and prepared. The company's goal is to enhance property protection and ensure peace of mind for homeowners by integrating technology and offering comprehensive insurance solutions.

Company Stage

IPO

Total Funding

$1.2B

Headquarters

Palo Alto, California

Founded

2015

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased smart home device adoption boosts demand for Hippo's integrated insurance policies.
  • Partnerships like Snapsheet enhance claims processing efficiency and customer satisfaction.
  • Proactive home maintenance trends align with Hippo's business model, driving growth.

What critics are saying

  • Competition from InsurTech startups may erode Hippo's market share.
  • Rising smart home technology costs could impact Hippo's profitability.
  • Regulatory scrutiny on data privacy may increase compliance costs for Hippo.

What makes Hippo Insurance unique

  • Hippo integrates smart home technology with insurance for proactive home protection.
  • The company offers personalized maintenance advice through the Hippo Home app.
  • Hippo's New Homes Program enhances access to insurance for new homeowners.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

Company Equity

401(k) Retirement Plan

401(k) Company Match

Parental Leave

INACTIVE