Pricing Analyst

Who we are:

Ticker is a next-generation digital motor insurer using data science and connected car data (also known as telematics or black box insurance) to provide insurance products for novice, van, older and low-mileage drivers.

The motor insurance landscape is set for a major shift and the battleground will be won or lost in the next five years. It will all come down to pricing sophistication and the most efficient use of machine learning and artificial intelligence across the whole value chain.

The business includes a first-class executive team with a proven track-record in building successful insurtechs and running some the largest insurers in the UK.

What the role is:

Our Pricing Analysts are key members of our underwriting and pricing team, responsible for providing creative pricing support across our entire range of products. Your key focus will be on enabling rapid rate changes in the fast-paced motor retail environment. You’ll be actively involved with designing and implementing cutting-edge pricing techniques, and continue to evolve the sophistication of our pricing.

Having launched our first product in March 2019, Ticker are now well established in the motor insurance market with multiple products and partnerships and are fast becoming a big name in the industry. We are within the top five providers of insurance for people who are new to driving, have a market-leading loss ratio and are amongst a small number of insurers who offer a pay-per-mile product.

We are looking to accelerate the sophistication of our pricing, and we have plans to grow with plenty of new products to build; your introduction will be vital in helping us achieve this.

What you’ll be doing with your days:

• Integrating customer behaviour data with traditional pricing models
• Assisting with optimising analytics to maximise value
• Assessing key pricing changes for impact
• Manipulating new data to work with pricing models, deriving value from the results
• Supporting model implementation management and build, then deployment to the market
• Predictive modelling to a high quality, including behaviour and market models, and sales forecasting
• Tracking key trading metrics to recognise early warning signs of changes
• Assisting with portfolio management including assessing performance, making recommendations and reporting on key findings
• Working closely with teams across the business: helping underwriters with referral queries, assisting anti-fraud managers with data manipulation, and working with engineers to deliver projects

Skills you’ll need:

• An analytical degree at 2:1 or higher
• Knowledge of UK motor insurance
• Confidence with usual data analytics tools
• Confidence working with and deriving value from new data
• The drive to get involved with our business culture, with a strong customer focus
• Strong Excel experience with previous exposure to coding
• A willingness to learn and apply new skills

Desirable skills:

• Knowledge of SAS, R, SQL, Python (or similar) programming languages
• Knowledge of insurance-specific software: Radar Base, Radar Live, and Emblem (or similar)
• Machine learning
• XMLs