Pet Pricing/Underwriting Analyst

Legal & General
18 Mar 2017
17 Apr 2017
Contract Type
Full Time

We are recruiting for a Pet Insurance Pricing/Underwriting Analyst, to be based in either our Birmingha, Cardiff, London or homebased.

This position provides an exciting opportunity to join Legal and General Insurance's pricing team. The role will primarily focus on the Pet line of business but with the potential to work on a number of recently launched or soon to be launched new products.

Department Info

At Legal & General Insurance we look after our customers throughout life, death and everything in between so that you know that everything that’s important to you is protected. With over 180 years’ experience in providing Insurance policies, our customers trust us to be there and to do the right thing.

Job Duties

  • Review the performance of existing accounts and propose to the relevant distribution channels retail prices at which to sell general insurance products in order to maximise profitability and competitiveness, in accordance with Legal & General’s Insurance Risk Policy and reflecting the needs and expectations of customers aligned to the Customer Experience and TCF Policy. Present to the Insurance Pricing Forums as required.
  • Develop and maintain product pricing for prospective new products and new business tenders, working with the distribution channel and business partner/agent as needed.
  • In conjunction with the Research & Development function, manage periodic risk rate analyses, investigate new techniques and sources of data that will improve risk selection, retention and new business conversion, and hence profitability.
  • Maintain systems to monitor the performance of accounts in terms of business flow, claims experience at a detailed level, and competitor prices. Pro-actively monitor account performance, bringing significant trends or features to the attention of the distribution channel Pricing Manager
  • Maintain appropriate documentation supporting the account management/pricing procedures, analyses, decisions, processes and controls.
  • Ensure the Pet and IT infrastructure will support pricing and account management. Proactively raise and resolve issues with the Data Warehouse Manager. Develop PC systems as appropriate to facilitate pricing and account management.
  • In consultation with the Reserving Manager, maintain awareness of claims reserving developments for financial reporting so that consistency is achieved in pricing decisions.

Skills Required

  • Detailed understanding and current knowledge of Pet insurance products and pricing. Working knowledge of the regulatory environment.
  • Good knowledge of relevant software packages including Microsoft Office & SAS.
  • Understands the modelling techniques specifically relating to Pricing and Reserving and key performance indicators used in the assessment of account performance.
  • Identifies trends in key indicators of performance and deviations from expected results.
  • Interprets results that may indicate the need to review rates and terms.
  • Demonstrates strong numeric and statistical skills.
  • Maintains and identifies new internal and external data sources to assist in regular account performance assessment.
  • Builds and interprets statistical risk models.
  • Ensures that analysis is consistently accurate, building in appropriate controls and cross-checking results, and reviewing work undertaken by other team members.
  • Able to explain complex numerical issues in an understandable manner.
  • Reports results and makes recommendations in a clear and concise manner.
  • Influences pricing decisions in the relevant channels so as to achieve profitability and competitiveness.
  • Presents to Pricing forum.
  • Able to work to tight deadlines.
  • Understands the needs of the business so as to make appropriate recommendations for action and assist in achieving business objectives.
  • Works in a professional and co-operative manner with other team members, external departments and organisations.
  • Displays initiative and flexibility in resolving problems raised by both internal and external customers.
  • Evaluates options to take positive and timely decisions.
  • Reviews, considers and comments on work of analysts.
  • Where appropriate, provides feedback on work of peers.
  • The team use the software packages Emblem, Classifier and Radar and experience of these packages would be useful though is not a prerequisite.


Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 22 days’ (with potential to rise to 26 days) holiday, discretionary performance related bonuses, paid overtime, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.