Product Actuary - Embedded Insurance Propositions (Europe)
Job Title: Product Actuary – Embedded Insurance Propositions (Europe)
Location: Flexible within Europe (UK, Spain, Germany preferred)
Type: Full-time
About the Role
We are seeking a commercially-minded Product Actuary to lead the development of embedded insurance propositions across key European markets. This role sits at the intersection of innovation, insurance, and technology, focusing on creating tailored B2B2B and B2B2C insurance products that seamlessly integrate into digital ecosystems.
You will play a key role in shaping the future of insurance offerings for products such as credit card protection, gadget insurance, payment protection, and travel insurance—ensuring they are both customer-centric and actuarially sound.
Key Responsibilities
* Design and price embedded insurance propositions for the UK, Spain, and Germany markets
* Collaborate with risk carriers (insurance companies) to structure viable and competitive insurance solutions
* Partner with brokers and distribution channels to test and refine offerings
* Analyse claims data and market trends to inform product design and performance assumptions
* Support end-to-end proposition development—from initial concept through to pilot testing and launch
* Provide actuarial input on product profitability, customer value, and risk metrics
* Ensure regulatory and compliance considerations are embedded in all product designs
Required Skills & Experience
* Qualified or nearly qualified actuary (e.g. FIA, DAV, Istituto Italiano degli Attuari, or equivalent)
* 5+ years of experience in insurance product development, preferably in general insurance (non-life)
* Strong understanding of European insurance markets, especially the UK, Germany, and Spain
* Experience working with embedded insurance models or partnerships with fintechs, retailers, or digital platforms
* Ability to communicate complex actuarial concepts to commercial and non-technical stakeholders
* Fluency in English; additional languages (Spanish or German) are a strong plus
Desirable Skills
* Familiarity with product testing, A/B experimentation, and agile development processes
* Exposure to insurtech, digital product environments, or innovation teams
* Actuarial modelling experience (e.g. using Excel, R, Python or similar tools)
What We Offer
* Opportunity to shape the future of embedded insurance in Europe
* Collaborative, cross-functional team environment
* Flexibility to work remotely or from one of our hubs in Europe
* Competitive compensation and benefits
Seniority level: Mid-Senior level
Employment type: Contract
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