Head of Cyber Insurance Pricing

View full description

Requirements:

• 7+ years of experience in property & casualty insurance focusing on pricing and risk modeling.
• Proven experience in cyber insurance or technology-related risks preferred.
• 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 like R, Python, SAS.
• In-depth knowledge of regulatory requirements related to insurance pricing and compliance.
• Excellent communication skills for collaboration with technical experts and conveying actuarial insights.
• Familiarity with reinsurance structures and negotiations.

Responsibilities:

• Develop and refine pricing models for cyber insurance products using internal and external data.
• Lead creation of predictive models for loss frequency and severity related to software vulnerabilities.
• Collaborate with internal software risk experts to integrate vulnerability risk assessments into pricing.
• Ensure compliance 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 and regulatory changes.
• Lead and mentor a growing team of actuarial and risk analysts.