Pricing Adequacy Lead (Core Brands)

Motor Pricing Adequacy – Core Brands Lead

About Us

At Direct Line Group, insurance is just the start. We’re a customer-obsessed market powerhouse, combining decades of industry experience with talented people in every field.

Pricing and Underwriting is a complicated world, where historical data, geospatial information, and mathematical models meet talented analysts. Pricing our products balances our business goals and customer needs.

Join us as a Core Brands Pricing Adequacy Lead in our Motor Manufacturing Tribe. This role will sit in the Pricing Adequacy Squad and will work collaboratively with teams across Motor Risk and Retail Pricing, as well as colleagues in Claims, Reserving, and Finance teams.

What you’ll be doing

Working in an agile way means you’ll take charge early on and positively influence what we do, making an impact on our customers' lives.

You’ll report to the Motor Pricing Adequacy Lead, leading reserving-style analysis in Python to understand the claims performance of our core motor brands, including Direct Line and Churchill.

Your main responsibilities will include:

• Maintaining the Pricing-owned monthly projection of ultimate claim costs in Python, using the latest transactional claim data and your own experience.
• Developing our projection methodology to reduce and quantify uncertainty for inflation forecasting.
• Presenting the monthly view of claims performance to key stakeholders to support decisions across the business.
• Managing two direct reports, developing their pricing and reserving skills.
• Leading ad hoc analysis into emerging claims trends, exploring both external and risk-mix drivers of change.
• Supporting other product teams in developing their claims projections.

What you’ll need

• Experience of leading reserving analysis in Motor insurance, ideally personal lines.
• Excellent problem-solving skills, with an ability to consider multiple scenarios and anticipate outcomes for our customers.
• Experience with SQL and Python.
• Strong communication and presentation skills, with an ability to explain findings to both technical and non-technical audiences.
• A numerate degree in Mathematics, Statistics, or related subjects.
• Ideally be a nearly- or fully-qualified actuary.

Ways of working

Our hybrid model offers a 'best of both worlds' approach, combining home and office-working, offering flexibility for everyone. Most colleagues are in 2 days a week, and we’ll consider the flexible working options that work best for you.

What we’ll give you

We offer excellent benefits to suit your lifestyle and a flexible working model. Our core benefits include:

• 9% employer contributed pension
• 50% off home, motor, and pet insurance plus free travel insurance and Green Flag breakdown cover
• Private medical cover
• Up to 20% bonus
• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax-efficient way
• 30 days annual leave plus the option to buy/sell up to 5 days per year
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus many more!

Being Yourself

We believe everyone should feel comfortable to bring their whole selves to work. We champion diverse voices and invest in the things that matter.

Together we’re one of a kind.