8 minute read
Lights, Camera, Actuary
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LIGHTS, CAMERA, ACTUARY!
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Bolton Associates’ focus is specifically in the non-life actuarial space; the largest dedicated GI actuarial specialist in the market.
Working throughout the insurance market, the consultants at Bolton Associates offer an exceptional service, managing the process with the utmost tact and respect for all parties.
We are passionate about our market, taking great interest in the insurance world as a whole, keeping up with trends and changes, and maintaining our everexpanding network.
The next focus for Bolton Associates’ Spotlight page, is an interview with a leading actuary within one of the market’s actuarial technology providers. As the world, including the Lloyd’s and London Market, look to use AI techniques, and automated modelling in our data-rich world, both self-starters and larger corporations have turned their gaze and interest to using technology and modelling to automate systems, generate prices and break boundaries. These providers to the insurance markets, know what both underwriters and brokers need, and how the actuaries within them can benefit from the tools and software they can provide. For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe talks to Charlie Stone, Principal in LCP’s Insurance Consulting Team.
What is your current role, and how did you end up in it?
I’m a Principal in LCP’s Insurance Consulting team. A big part of my role is helping design and develop LCP InsurSight, LCP’s insurance analytics platform. I have been involved in all stages of InsurSight’s development from developing the first prototypes through to leading the development team and onboarding clients. We launched InsurSight in April last year, and it is already being used to assess over £70bn of reserves. In my current role I work with the development team responding to user requests and developing the next version of InsurSight.
What is the defining moment of your career to date?
It’s a bit counter-intuitive, but taking a career break in 2018. I took six months out to go travelling and develop my data science and programming skills. It gave me a fresh perspective on my career and gave me clarity on what I wanted to focus on next.
In your opinion, what prepared you best to take on your current role?
Being a consultant at LCP! It’s crucial to understand the needs and perspectives of current and potential users of InsurSight. So having experience working on a wide range of projects for a variety of insurers has been extremely valuable. The research project I did during my masters in astrophysics has also really helped, where I used neural networks to estimate the redshift of quasars from their photometry. This gave me hands-on experience solving challenging technical problems.
How does your actuarial training and background assist in your dayto-day role now?
Working as an actuary has developed my ability to consider both the bigger picture and the detail at the same time. This is essential in my current role where I need to take a high-level problem like ‘How do we help actuaries identify which areas to focus on in a reserving exercise?’ into a set of smaller more specific problems to be solved.
When did you first join the Institute & Faculty of Actuaries, and what advice would you give to those students looking to emulate your career path?
I joined the IFoA in 2012. My main advice would be to keep learning new things and work with people who will support and encourage you to apply new ideas in your work. I feel very fortunate to have had this support and encouragement at LCP. Also, don’t spend too long deliberating about whether to learn R or Python - they’re both great. Pick one and get good at it – you can always learn the other one later on.
If you had your time again, what would you do, career-wise?
If I hadn’t become an actuary, continuing the research work I did using neural networks at university. Although I am really happy to be applying similar skills to real-world problems as an actuary!
Please share your favourite piece of trivia with our readers!
What is the biggest challenge you face in your role within this market?
There are almost limitless things we could do with InsurSight. This is incredibly exciting, but presents a big challenge: deciding what to focus on next and what not to do – just yet. Heathcoat’s factory in Tiverton, Devon (where I grew up – the town not the factory) made the parachute which helped land Perseverance on Mars.
CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • ATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEM
PORARY JOBS • LIFE • GRADUATE • PENSION • SULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IM MEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ •
RECRUITMENT
CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADU ATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEM
PORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IM MEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADUATE • PENSION • IMMEDIATE JOBS • £100K+ • CONSULTANTS • TEMPORARY JOBS • LIFE • GRADU
RECRUITMENT
search & selection
Senior Portfolio Analyst
Reserving Actuary
Senior Actuary – Advisory Lead Speciality Pricing Actuary
Capital Model Development Manager
Pricing Analyst
General Insurance Circa £70,000 + Benefits London
A growing London Market Syndicate is looking to expand their Portfolio team by bringing in a new senior hire. The candidate is expected to have strong technical skills, hands-on experience with Python and to act as a bridge between qualified actuaries and data analysts. An actuarial or underwriting background alongside a keen interest in technology would be preferred.
REF: ZB 001647 JC
General Insurance £90,000 Per Annum London
Exciting opportunity to join a leading insurer seeking a dynamic and commercially minded Actuary. Reporting directly into the Head of Reserving, you will play a key role in reserving tasks of the Marine, Aviation and Energy syndicate.
REF: ZB 001620 MM
General Insurance Circa £300,000 Per Annum London
**Exclusive** Reinsurance broking firm seeks a senior qualified actuary to join the team, focusing on developing an advisory arm to the business. You will have significant market experience, be well versed in all areas of actuarial – pricing, capital and reserving, and possess the commercial acumen to deploy these skills, in varying scenarios across the market. This is an exciting opportunity which requires further discussion.
REF: ZB 001650 ZB General Insurance Circa £100,000 + Benefits London
Leading global insurance company has an opening for a deputy head of global marine pricing. You will be qualified and have had exposure to marine / speciality business. The role involves managing a small team of analysts. You will be responsible for transactional pricing analysis, pricing tool development and enhancements, rate monitoring and strategic pricing.
REF: ZB 001623 CC
General Insurance Circa £80,000 + Benefits London/Leeds/Bristol
Personal Lines insurer with an exciting opportunity to step up and be part of change and new process. The purpose of the role is to manage the maintenance and development of the internal economic capital (‘IECM’) model. Looking for someone with 5+ years’ experience with a minimum of 2 years working in Capital.
REF: ZB 001634 OG
General Insurance Circa £60,000 + Benefits London
A Lloyd’s syndicate which writes a diverse portfolio operating over multiple territories and lines of business is seeking a part qualified pricing analyst. You will be working closely with underwriters and key stakeholders within the business so excellent communication skills are imperative. Considering candidates with 1-3 years actuarial pricing experience and excellent study package provided.
REF: ZB 001642 HT
