Motor Pricing Actuary

Marshmallow
London, Gibraltar
Workplace: OnsiteFull timeFunction: Insurance & ActuarialSkills: ["Communication","Analytical","Cross-functional collaboration","Problem-solving","Attention to detail"]

Actuary leading pricing for Marshmallow's motor insurance product, owning pricing model integrity and regulatory compliance, while contributing to reserving and capital modelling. You will develop motor pricing models with data science and underwriting, deliver monthly reserving analysis, liaise with external actuaries and the Independent Actuarial Function Holder, and support Solvency II/ORSA processes for a Gibraltar-domiciled insurer, connecting technical actuarial work to commercial outcomes.

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FursaFursa
Marshmallow
Marshmallow
5 months ago

Motor Pricing Actuary

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Source: Company careers pageValidated by: Fursa AI
Last checked: 9 hours agoStatus: Live

Job Summary

Actuary leading pricing for Marshmallow's motor insurance product, owning pricing model integrity and regulatory compliance, while contributing to reserving and capital modelling. You will develop motor pricing models with data science and underwriting, deliver monthly reserving analysis, liaise with external actuaries and the Independent Actuarial Function Holder, and support Solvency II/ORSA processes for a Gibraltar-domiciled insurer, connecting technical actuarial work to commercial outcomes.
Location: London, Gibraltar
Workplace: Onsite
Employment Type: Full time
Job Function: Insurance & Actuarial

Key Responsibilities

  • •Own the Pricing Function Holder role for Marshmallow Insurance Ltd, taking accountability for pricing model integrity and regulatory compliance with GFSC requirements.
  • •Lead motor insurance pricing model development using claims analysis and market intelligence, partnering with data science and underwriting to identify rating opportunities and drive competitive improvements.
  • •Deliver monthly reserving analysis and Loss Ratio Forum reporting, translating complex data into clear insights that support reserve adequacy and drive methodology improvements.
  • •Serve as primary liaison with external actuaries and the Independent Actuarial Function Holder, coordinating regulatory oversight and ensuring recommendations are understood and actioned.
  • •Contribute to development and maintenance of Marshmallow's internal capital model, supporting Solvency II/ORSA processes and capital assessments.

Pay and Benefits

Perks:Annual BonusHealth InsuranceLearning Budget

Key Requirements

  • •Part or nearly qualified actuary (IFoA or equivalent) with a background in general insurance.
  • •Strong technical pricing experience in personal lines motor, with experience or familiarity in reserving and capital modelling.
  • •Confident with large datasets and technical tools including Python, R or SQL, with strong ability to build and assess actuarial models.
  • •Comfortable working in a regulated insurance environment and engaging with control-focused processes, with strong written and verbal communication skills.
  • •Ability to connect actuarial decisions to business outcomes and work across pricing, reserving and capital
Experience:InsuranceFintech
Skills:CommunicationAnalyticalCross-functional collaborationProblem-solvingAttention to detail
Certifications:IFoA
Tech Stack:PythonRSQL

Company Brief

Marshmallow
Marshmallow is a UK-based insurtech that provides tech-driven motor insurance and financial products focused on migrants and underserved customers, using data and underwriting technology to offer fairer pricing and expand into wider financial services.
Industry: InsurTech
Company Size: Large (251 to 1,000 employees)
Revenue: USD 100M to 250M
Growth: Scaleup
Valuation: Unicorn (USD 1B+)
Headquarters: London, United Kingdom
Founded: 2017
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Glassdoor: 3.4
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