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Actuary - Underwriting

Envelop Risk
Closing date
4 Nov 2022

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Contract Type
Full Time
Qualified (executive), Qualified, Graduate/post-graduate

Job Details


Underwriting · Bristol, Bristol, City of


Reports to: CRO/Portfolio Manager

The successful candidate will leverage our proprietary cyber model (Cybertooth 2.0) to perform the necessary steps for the technical modeling of cyber reinsurance and retro contracts.  Additionally, the candidate will lead various actuarial workflows including reserving. You have a desire to work in an exciting InsurTech and enhance practice development by bringing actuarial knowledge to help in the establishment of workflows and support the build of our advanced in-house tools. You will work closely with our team of passionate data scientists, underwriters, and the portfolio manager in Bermuda and the United Kingdom.  

Responsibilities include, but are not limited to:


  • Handle all set up and applications for regulated entities (Lloyds, Bermuda, etc. )
  • Handle all Lloyds monthly, quarterly, annual external review reports
  • Assist CRO by setting up capital model 
  • Training and supervision of least 3 analysts (located in Bristol, UK) when performing deal modelling and analysis whilst also providing training and actuarial knowledge share to a broader technical team (Bristol, UK)
  • Oversee the end-to-end deal deal modeling and analysis process: from broker submission to post-bind reporting while ensuring accuracy, consistency, and timeliness of work product
  • Oversee the monthly portfolio(s) roll-up production across the team, ensuring accuracy, consistency, and timeliness
  • Explain modeling results to various stakeholders including UWs, Portfolio Manager, external parties, etc. 
  • Lead the development and maintenance of Envelop’s Cyber Insurance Industry Exposure Database with an extreme focus on data collection, data quality, and data integrity
  • Oversee various actuarial workflows including Envelop's internal reserving process
  • Lead or assist in special data/ modeling projects 
  • Assist portfolio manager in modeling technically complex and bespoke products including ILWs, cat bonds
  • Assist portfolio manager in budgeting, portfolio optimisation, and hedging exercises
  • Plan for future model changes, liaise with CyberTooth 2.0 and coordinate model reruns, anticipating likely impact on modeled values
  • Oversee the production of external reports to various stakeholders including fronting partners, retro partners, investors, Lloyds, BMA, AM Best, etc.  
  • Assist product manager by providing technical requirements to support continued reinsurance analytics build out

Required Skills, Qualifications & Experience:


  • Qualified (non-life) actuary with minimum 5 years of reinsurance experience in an actuarial function(s) (pricing, portfolio, reserving, capital modeling, etc.)
  • Technical undergraduate degree, preferably in mathematics, engineering, statistics, or actuarial science required
  • Strong Python and SQL knowledge
  • Ability to manage, train and reinforce standards with analysts (with no reinsurance and no actuarial knowledge) situated in Bristol, UK 
  • Entrepreneurial spirit with a desire to work in a fast-paced, start-up environment
  • Ability to consistently deliver exceptional results on very demanding timelines
  • Great organizational skills with excellent follow-through and attention to detail

If you are interested please click on the 'APPLY' button below

Questions are welcome, please send them to Arma at


Founded in late 2016, we’ve underwritten well over USD 250 million of premium for more than 35 global clients since November 2018.

Envelop was founded in 2016 to transform how the insurance industry quantifies and manages risk; to think like an intelligence agency and deploy the best available technology thoughtfully.

We are one of the largest and best performing InsurTechs globally by underwritten income.

Envelop is based in Bristol, UK, with offices in London, Bermuda, and San Francisco.

Company info
2 Redcliffe Way
City of Bristol

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