Senior Actuary at At-Bay

San Francisco, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Experience analyzing profitability of developing personal and/or commercial lines products
Evaluated the profitability of a portfolio of insureds using actuarial techniques and presented the results to senior leaders from multiple disciplines
Led pricing projects from end to end, collaborating and communicating cross-functionally to ensure success
Achieved ACAS or FCAS designation
Proficiency with Excel and SQL, and related experience

Responsibilities

Understand At-Bay’s internal data structure and develop key relationships across the business
Utilize existing Cyber and Tech E&O rate plans, rater, forecasting tools, and related data sources to analyze product performance and recommend actions to leadership
Develop a strong understanding of internal KPIs, benchmarks, existing pricing segmentation, and overall rate adequacy of all products
Identify areas of improvement in systems and processes and suggest solutions
Propose and implement changes to the Cyber and Tech E&O rate plan, detailed rating rules, and associated business logic for new products, achieving alignment from key stakeholders
Work with Insurance Product head and other Tech Product, Underwriting, Claims, and Decision Engine teams to develop new products, support implementation, and develop tools to measure performance
Collaborate with Cyber Research team to identify and analyze potential new features for the rate plan, share research with stakeholders, and implement into production risk model
Coach individuals and managers to understand actuarial analytics, Cyber pricing and risk, and differences from traditional pricing and other lines of business
Lead development of pricing models for new professional and general liability products
Work cross-functionally with Insurance & Tech Product, Underwriting, Claims, and Decision Engine teams on product implementation
Drive At-Bay’s professional lines product-related initiatives and lead pricing projects from inception to implementation, understanding impacts on the business
Manage up and cross-functionally across various teams

Skills

Actuarial Pricing

Risk Modeling

Pricing Models

Risk Analytics

Professional Liability

General Liability

Reinsurance

Underwriting

Claims Analysis

KPIs

Data-Driven Insights

At-Bay

Provides insurance and cybersecurity solutions

About At-Bay

At-Bay provides businesses with solutions to manage cyber risk by combining insurance and cybersecurity technology. The company offers various types of specialty insurance, including Cyber, Tech Errors & Omissions (E&O), and Miscellaneous Professional Liability (MPL). At-Bay's approach integrates these insurance products with advanced cybersecurity services, allowing clients to address their cyber risk comprehensively. Unlike many traditional insurance providers, At-Bay focuses specifically on the intersection of insurance and cybersecurity, which sets it apart in the market. The goal of At-Bay is to help businesses effectively manage and mitigate cyber risks while fostering an inclusive workplace and expanding its global presence.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$284MTotal Funding

SERIES_DCompany Stage

Cybersecurity, Financial ServicesIndustries

201-500Employees

Benefits

Health, dental, & vision

20 days paid vacation

401k

Paid parental leave

Quarterly wellness days & mental health resources

Flexible working hours & remote work

Investment in learning & development

Life insurance & disability

Risks

Shutdown of Relay platform may indicate financial or strategic challenges.

Increase in ransomware incidents could lead to higher claims and insurance payouts.

Dependency on CrowdStrike's technology poses risks if partnership dynamics change.

Differentiation

At-Bay integrates insurance and cybersecurity, offering a unique InsurSec solution.

The company provides comprehensive Cyber, Tech E&O, and MPL insurance coverage.

At-Bay's proprietary cybersecurity solutions include the At-Bay Stance Managed Detection & Response.

Upsides

Expansion of Cyber and Tech E&O coverage taps into larger enterprise markets.

Partnership with CrowdStrike enhances cyber resilience for SMBs with advanced security capabilities.

AI-driven risk assessments improve underwriting and claims processing, reducing costs.

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