About the job
Who are we?
At Ki Insurance, we are revolutionizing the insurance industry, insuring everything from space shuttles to footballers’ legs. Our mission is to digitally disrupt a 335-year-old market. Partnering with tech giants like Google and academic leaders from UCL, we've engineered a cutting-edge platform that leverages algorithms, machine learning, and sophisticated language models to deliver instant quotes to insurance brokers.
As a pioneer in algorithmic insurance, Ki proudly stands as the largest global carrier in this domain. We are the fastest-growing syndicate within the Lloyd's of London market and the first to achieve $100 million in profit within just three years.
Our diverse teams collaborate in an agile, cross-functional environment, united by a common goal: to enhance customer experiences. As we chase ambitious goals, we are on the lookout for brilliant minds eager to challenge the status quo and help us reach new heights.
Your Role:
As a Senior Risk Actuary, you will partner closely with all divisions at Ki to assess, measure, and manage the organization’s risk exposure. You'll ensure that this critical information is communicated effectively to management and the Board in alignment with our Risk Management Framework. Your responsibilities will include validating our Internal Model, conducting the Own Risk and Solvency Assessment, and adhering to Solvency II, Solvency UK, and Lloyd’s regulations. Additionally, you will provide key analytical support to facilitate the development and execution of Ki’s strategic initiatives, with an emphasis on risk assessment and quantitative analysis.
Key Responsibilities:
- Collaborate with the Head of Risk to establish and integrate enterprise-wide risk management capabilities in accordance with the Board-approved Risk Management Framework.
- Calculate risk metrics and assist in reporting breaches to the Boards, Risk Committees, and Executive Management Team.
- Oversee the delivery of reports to Risk Committees, Executive Management, Boards, and regulators, ensuring quality standards are met.
- Manage the Own Risk and Solvency Assessment (ORSA), including risk appetite setting, annual reporting, business plan evaluations, stress testing, and analysis of emerging risks.
- Support the Head of Risk in the validation process of the Internal Model and the production of validation reports.
- Analyze the Group’s underwriting portfolio and reinsurance program to aid in the formulation of the underwriting strategy.
- Conduct thematic reviews across the organization, focusing on technology utilization and underwriting algorithms.
- Provide quantitative analysis to support various strategic projects.
