Insurance Pricing Analyst

Job Introduction

Insurance Pricing Analyst         

Salary - £30,000

Permanent   

Folkestone Hybrid

As a Pricing Analyst you will be contributing to Saga’s street pricing to support the delivery of the insurance strategy, customer outcomes and contribution to the achievement of the overall P&L for Saga Services (SSL).

As a graduate or recent graduate, you’ll join the wider team, and your work as our new Pricing Analyst will contribute to helping our pricing capabilities become the market-leading standard. You will come from a mathematical background, bringing with you an understanding of how to organise data and identify trends. 

With a detailed onboarding plan, we will introduce you to the world of pricing and personal lines insurance, setting you up for a successful career.

In this role, you will work closely with your immediate pricing team to develop and monitor pricing models, prepare data for modelling, select and apply appropriate statistical techniques and make judgements and recommendations for price changes.

This fantastic role is complex and challenging and can make a key difference to the company's future profitability. You can expect to make real contributions to a variety of projects from the outset.

We work in a hybrid way at Saga both at home and in the office. This role requires you to be working from our Folkestone office a twice a week, allowing us to collaborate and share success as a business.

Role Responsibility

As one of our Pricing Analysts you will be accountable for the following areas; 

•    Proactively use data to find areas of opportunity to drive commercial value and competitive advantage, delivering profitable growth for Saga’s insurance business. 

•    Model, interpret and monitor business data to identify and confirm market trends, product opportunities and new / changing rating factors. 

•    Assist in development of pricing models for deployment to the rating system, making best use of Radar and other software tools. 

•    Make recommendations to pricing leads based on your analysis.

•    Mine, extract and interpret data to bring out insights, using innovative techniques, including machine learning. 

The Ideal Candidate

We are delighted to be able to offer study support for the successful applicant, therefore a strong mathematical education is essential.

•    A in either Maths or Further Maths A-Level

•    1st or 2:1 in a mathematical or equivalent degree (including Actuarial Science & Statistics)

As a Pricing Analyst you would be able to demonstrate the following skills and experience:

•    Understanding of how to organise data so that it can be used to identify trends and anomalies. 

•    Numerical reasoning skills to be able to explain observed trends in data with logical argument. 

•    Critical thinking skills to assimilate information from various sources to form and prove hypotheses and use judgement and all available information to test and validate hypotheses. 

•    Use estimates, judgement, and risk-based assessments to make recommendations for action even in the absence of full information. 

•    Commercial awareness; be able to articulate the financial impacts of your work. 

•    Customer focus: demonstrate that you have considered the customer impact of your work.

•    Communicate technical concepts clearly, and understand how to put across complex subjects to a wide and varied audience

Saga Values: Make it Happen, Do the Right Thing, Customer First, Excellence Every Day, Our People Make Us Special

Package Description

At Saga we recognise that our people make us special. We believe our colleagues deserve rewards for the excellence they demonstrate every single day, that's why we have put together an amazing benefits package for all colleagues.  

BENEFITS AVAILABLE TO ALL COLLEAGUES: 

• 25 days holiday + bank holidays
• Option to purchase additional leave - 5 extra days
• Pension scheme matched up to 10%
• Company performance related annual bonus - Up to 5%
• Life assurance policy on joining us, 4 x salary
• Wellbeing programme
• Colleague discounts including family discounts on cruises, holidays and insurance
• Range of reductions and offers from leading retailers, travel groups and entertainment companies
• Enhanced maternity and paternity leave
• Grandparents leave
• Income protection
• Access to Saga Academy, our bespoke learning platform

About the Company

Over the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. We’re one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high-quality products and exceptional standards of service. Our product portfolio includes cruises, holidays, insurance, personal finance products and our Saga Magazine.

We aim to be the most-trusted brand for older people in the UK. Our focus on delivering exceptional products and service empowers our colleagues to create moments that are personal and special for our customers and for each other. Our values underpin our approach and help guide us to deliver our purpose.

We’re committed to making sure that colleagues can be their best, be themselves and make a difference – more than anywhere else. We do this by creating a truly inclusive culture, where all colleagues can bring their full and authentic selves to work and be treated with dignity and respect in an environment that is free from discrimination and harassment.

Thanks to our people, Saga has been ranked 6th in the UK’s Best Employers 2025 by the Financial Times and Statista. This recognition, based on the voices of 20,000 employees across the UK, is a testament to the great culture we’ve built together. This award belongs to all our colleagues who collectively make Saga a fantastic place to work.

We are champions of age inclusivity and signatories of the Age-Friendly Employer Pledge, we are proud of our multigenerational teams we have in place. We’re also a committed Disability Confident employer and ensure that our recruitment process is inclusive and accessible.

Your application will have fair consideration, and you’ll receive personal communication throughout your applicant journey when you apply to join Saga.

For more information on our DEI policies, colleague stories and other opportunities across the business, please visit Jobs and careers with Saga

Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.

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Saga Group