Head of Cyber Insurance Pricing

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Requirements:

• 7+ years of experience in property & casualty insurance, with a focus on pricing and risk modeling.
• Proven experience in cyber insurance or technology-related risks (preferred) or tech E&O insurance.
• Fellow of the Institute and Faculty of Actuaries (FIA) or Chartered Enterprise Risk Actuary (CERA) designation preferred.
• Strong experience in data analytics, predictive modeling, and working with large data sets (R, Python, SAS, etc.).
• In-depth knowledge of regulatory requirements related to insurance pricing and compliance.
• Excellent communication skills to collaborate with technical experts and convey actuarial insights to non-technical stakeholders.
• Familiarity with reinsurance structures and negotiations.

Responsibilities:

• Develop and refine pricing models for cyber insurance products, using internal and external data.
• Lead the creation of predictive models for loss frequency and severity related to software vulnerabilities.
• Collaborate with internal software risk experts to integrate detailed vulnerability risk assessments into the pricing framework.
• Ensure pricing is compliant with insurance regulations across various markets.
• Manage relationships with reinsurers and optimize reinsurance deals.
• Provide insights on capital allocation for risk retention and reinsurance strategies.
• Stay ahead of industry trends, particularly in cyber insurance, regulatory changes, and emerging risks.
• Lead and mentor a growing team of actuarial and risk analysts.