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Lemonade

AI-powered insurance carrier with Giveback program

Actuarial Associate

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-timeRemote in UKNo salary listed

About the Job

Requirements

  • 3–5 years of UK personal lines pricing experience, including hands-on commercial or street pricing.
  • A strong understanding of how the UK insurance market works, with practical experience of price comparison websites, competitor pricing and customer behaviour.
  • A track record of turning analysis into pricing changes that deliver measurable results.
  • Strong SQL and Python or R skills, with confidence exploring data independently and checking that conclusions hold up.
  • Working knowledge of UK pricing and insurance regulations.
  • Ability to work from the London office.
  • Commitment to obtaining FIA (Fellow of the Institute of Actuaries) or FFA (Fellow of the Faculty of Actuaries).

Responsibilities

  • Help shape the UK pricing strategy, balancing profitable growth, competitive prices and customer outcomes.
  • Turn trading data into action by analyzing conversion, retention, risk mix and profitability to identify opportunities and explain changes.
  • Build an understanding of competitor pricing and the company’s position on price comparison websites, using those insights to improve pricing.
  • Own pricing changes from idea to launch, test their impact and track results after launch.
  • Partner with Data Science, Product and Underwriting to combine predictive models, customer behaviour and commercial insight.
  • Share UK insurance expertise with the global team and challenge assumptions to improve decision-making.
  • Help build a faster, smarter pricing engine through automation, experimentation and thoughtful use of AI.
  • Further actuarial education through industry research and stay current with changing regulatory requirements.

Desired Qualifications

  • UK home pricing experience.
  • Actuarial qualifications.
  • Experience with demand modelling or optimisation.
  • A Master’s degree in mathematics, econometrics, actuarial science, or a related field.
  • Enthusiasm for learning and working with AI and exploring how it can improve pricing and work.

About the Company

Lemonade

AI-powered insurance carrier with Giveback program

Lemonade designs and underwrites personal insurance products, including renters, homeowners, car, pet, and term life, using a digital-first approach powered by AI and behavioral economics. Its platform quotes, underwrites, and processes claims with automated tools and chatbots, often delivering quotes in minutes and paying some claims in seconds, while the company acts as the licensed insurer and takes a fixed fee to cover operations and profits. What sets Lemonade apart is its Giveback program, which donates unclaimed premiums to charitable causes chosen by policyholders, aligning the company’s interests with customers and reducing incentives to deny claims. The goal is to provide affordable, transparent insurance with a strong customer experience and social impact, leveraging technology to streamline buying and claims while expanding across the US and select European markets.

Company size
1,001-5,000
Company stage
IPO
Headquarters
New York City, New York
Founded
2015

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