Full-Time

Senior Actuary

Pricing

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Senior

London, UK

Hybrid role; specific in-office days not mentioned.

Category
Insurance
Finance & Banking

You match the following Markel's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Have substantial experience of technical pricing, including case pricing large accounts and rating model development
  • Have experience of portfolio management monitoring and development of associated metrics
  • Have experience in the actuarial elements of business planning and parameterisation of underwriting risk, including interacting with other departments including Finance, Underwriting, Capital etc.
  • Be able to manage and engage stakeholders and create effective relationships with stakeholders
  • Be aware of the latest market practice and developments in the field of technical pricing for wholesale business and be aware of pricing techniques in other markets.
  • Effectively manage your workload.
  • Contribute to the writing of the Actuarial Function Solvency II Opinion reports (Opinion on Reinsurance Arrangements and Opinion of Underwriting Policy)
Responsibilities
  • Contribute significantly to all aspects of the Markel International Actuarial team that relate to pricing and profitability, including large account pricing, pricing tool validation and internal and regulatory pricing reporting.
  • Provide technical expertise to the rest of the actuarial team in relation to large account pricing and pricing tool validation.
  • Contribute to the annual business planning process, as well the parameterisation of underwriting risk.
  • Provide support to the wider Markel International Actuarial team.

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles such as yachts and motorcycles. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and continuous improvement, encouraging employees to innovate and find better solutions. The company's goal is to lead in their industry by understanding customer needs and delivering quality products and services while fostering a supportive work environment.

Company Size

1,001-5,000

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for cyber insurance aligns with Markel's investment in Perseus Technologies.
  • Growing ESG interest benefits Markel's environmental pollution coverage offerings.
  • Guidewire Cloud implementation enhances data analytics in underwriting and claims processing.

What critics are saying

  • Increased competition in specialty insurance may pressure Markel's market share.
  • Cloud migration exposes Markel to operational disruptions and data security challenges.
  • Investment in Certa MGA may face regulatory hurdles, delaying product launches.

What makes Markel unique

  • Markel specializes in niche markets like agricultural, equine, and environmental pollution risks.
  • The company offers unique coverage for hard-to-place risks, including event cancellations and inland marine.
  • Markel's investment in Perseus Technologies enhances its cybersecurity insurance offerings.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Hybrid Work Options

Employee Stock Purchase Plan

Company News

PR Newswire
Feb 4th, 2025
Markel Implements Guidewire Cloud To Modernize Claims And It Operations

Specialty insurer also planning to migrate Guidewire BillingCenter to the cloud; selects Guidewire ClaimCenter for its International Wholesale operationRICHMOND, Va. and SAN MATEO, Calif., Feb. 4, 2025 /PRNewswire/ -- Markel , the insurance operations within Markel Group Inc. (NYSE: MKL), and Guidewire (NYSE: GWRE) announced that Markel successfully migrated Guidewire ClaimCenter from an on-premise environment to Guidewire Cloud to power and simplify its claims and IT operations. The company implemented ClaimCenter on Guidewire Cloud for its specialty lines of business across its US operations. Guidewire PartnerConnect Consulting Global Strategic member PwC led the implementation project

Slater Sentinel
Jan 15th, 2025
Founders Grove Wealth Partners LLC Invests $333,000 in Markel Group Inc. (NYSE:MKL)

Founders Grove Wealth Partners LLC invests $333,000 in Markel Group Inc. (NYSE:MKL).

Insurance Asia News
Jan 14th, 2025
Markel Australia hires Chubb veteran Scott Jordan for casualty claims role

Specialty (re)insurer Markel International has appointed Scott Jordan as casualty claims manager for Markel Australia, a company statement said.

Versicherungsbote
Jan 8th, 2025
Perseus: Markel steigt als Investor ein - Markt - Versicherungsbote.de

Das Cybersicherheitsunternehmen Perseus Technologies hat mit Markel Insurance SE einen weiteren starken Partner gewonnen. Der global agierende Spezialversicherer steigt als Investor bei Perseus ein, um die bereits bestehende Zusammenarbeit zu vertiefen und neue Märkte zu erschließen. Markel ergänzt damit die Investorenriege um die HDI-Tochter Hannover Digital Investments (HDI).

The Royal Gazette
Dec 19th, 2024
Markel invests 49% in Certa MGA

Markel Group Inc has made a 49% strategic investment in Certa, a UK-based tax managing general agent. This investment aims to accelerate Certa's product development and geographical expansion. Certa, founded in 2019, is the only underwriting agency focused exclusively on tax and contingent risk insurance. Markel will collaborate with Certa's management to support its business strategy and complement Markel's existing portfolio.