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Commercial Insurance Actuary Jobs (NOW HIRING)

Canopius

Pricing Actuary

Manhattan, NY · On-site

$150K - $187K/yr

The right candidate should have at least 5 years' experience in relevant commercial insurance actuarial role with a minimum of 3 years' of pricing experience. Specialty Lines and/or Marine pricing ...

Socket.dev

Pricing Actuary

Manhattan, NY · On-site

$150K - $187K/yr

The right candidate should have at least 5 years' experience in relevant commercial insurance actuarial role with a minimum of 3 years' of pricing experience. Specialty Lines and/or Marine pricing ...

Canopius

Pricing Actuary

Manhattan, NY · Hybrid

$150K - $187K/yr

... Actuarial team as the business requires. The right candidate should have at least 5 years ... Gain a deep understanding of commercial lines insurance products, including Cyber, Professional ...

CSAA

Our mission is to reinvent commercial insurance in the mobility space to offer our partners ... As a Commercial Pricing Actuarial Consultant, you will prepare and coordinate analyses for ...

CSAA

Our mission is to reinvent commercial insurance in the mobility space to offer our partners ... As a Commercial Pricing Actuarial Consultant, you will prepare and coordinate analyses for ...

CSAA

Our mission is to reinvent commercial insurance in the mobility space to offer our partners ... As a Commercial Pricing Actuarial Consultant, you will prepare and coordinate analyses for ...

CSAA

Our mission is to reinvent commercial insurance in the mobility space to offer our partners ... As a Commercial Pricing Actuarial Consultant, you will prepare and coordinate analyses for ...

CSAA

Our mission is to reinvent commercial insurance in the mobility space to offer our partners ... As a Commercial Pricing Actuarial Consultant, you will prepare and coordinate analyses for ...

CSAA

Our mission is to reinvent commercial insurance in the mobility space to offer our partners ... As a Commercial Pricing Actuarial Consultant, you will prepare and coordinate analyses for ...

CSAA

Our mission is to reinvent commercial insurance in the mobility space to offer our partners ... As a Commercial Pricing Actuarial Consultant, you will prepare and coordinate analyses for ...

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All JobsFinance And Insurance JobsInsurance JobsCommercial Insurance Actuary Jobs

Commercial Insurance Actuary information

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$113K

$131.8K

$137.5K

How much do commercial insurance actuary jobs pay per year?

As of Sep 13, 2026, the average yearly pay for commercial insurance actuary in the United States is $131,841.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,500.00 and $137,000.00 per year, depending on experience, location, and employer.

What is a commercial insurance actuary?

Commercial Insurance Actuaries are professionals who use mathematics, statistics, and financial theory to assess and manage risks for companies that provide insurance policies to businesses. Their main responsibilities include calculating premiums, predicting future claims, and helping design insurance products that are both competitive and financially sound. They analyze data on past claims, economic trends, and other relevant factors to ensure insurers remain solvent and profitable. Actuaries also assist with regulatory compliance and help companies strategize for long-term risk management.

How does a commercial insurance actuary collaborate with underwriters and other teams within an insurance company?

Commercial Insurance Actuaries work closely with underwriters, claims analysts, and product managers to evaluate and price complex insurance policies for businesses. Actuaries provide the statistical analysis and risk models that guide underwriters in making informed decisions about policy terms and premiums. Regular meetings and cross-functional discussions are common, and actuaries are often called upon to explain the rationale behind their models and to adjust assumptions based on feedback from other teams. This collaborative environment helps ensure that products are both competitive and financially sound.

What are the key skills and qualifications needed to thrive as a commercial insurance actuary?

To thrive as a Commercial Insurance Actuary, you need strong analytical skills, advanced mathematical knowledge, and typically a degree in actuarial science, mathematics, or statistics, along with passing a series of actuarial exams. Proficiency in actuarial modeling software, Excel, and statistical programming languages like R or Python is commonly required, as well as relevant actuarial certifications (e.g., ASA, ACAS, or FCAS). Excellent problem-solving, communication, and business acumen are standout soft skills for explaining complex analyses and collaborating with stakeholders. These abilities are essential for accurately assessing risk, pricing insurance products, and ensuring the financial stability of insurance companies.

What is the difference between Commercial Insurance Actuary vs Property and Casualty Actuary?

AspectCommercial Insurance ActuaryProperty and Casualty Actuary
CertificationsFellowship in SOA or CAS, ASA, FCASFellowship in SOA or CAS, ASA, FCAS
Work EnvironmentInsurance companies, consulting firmsInsurance companies, consulting firms
Industry UsageSpecializes in commercial lines like liability, business insuranceFocuses on property, casualty, auto, and homeowners insurance

Commercial Insurance Actuaries and Property and Casualty Actuaries share similar credentials and work environments, often within insurance companies or consulting firms. The main difference lies in their focus areas: Commercial Insurance Actuaries specialize in business-related insurance lines, while Property and Casualty Actuaries focus on personal and property coverage. Both roles require similar skills and certifications, but their industry applications differ based on the insurance products they handle.

What are popular job titles related to Commercial Insurance Actuary jobs?

For Commercial Insurance Actuary jobs, the most frequently searched job titles are:

Infographic showing various Commercial Insurance Actuary job openings in the United States as of September 2026, with employment types broken down into 1% As Needed, 76% Full Time, 18% Part Time, and 5% Contract. Highlights an 84% Physical, 1% Hybrid, and 15% Remote job distribution, with an average salary of $131,841 per year, or $63.4 per hour.

Pricing Actuary

Manhattan, NY • On-site

Canopius
See more jobs at Canopiusexternal

$150K - $187K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 4 days ago

Job description


The Role
You will be exposed to the full range of pricing activities at a major international global specialty (re) insurer, including working closely with underwriters to price multi-million-dollar commercial insurance deals, determining rates for a diverse range of (re)insurance products and finding and analysing new sources of data to increase the accuracy of forecasts and predictions. The role also offers the opportunity to work as part of an international team developing the next generation of actuarial pricing models, working in Python, SQL and Excel. You will collaborate closely with senior stakeholders and will have the opportunity to work across the functions within the Actuarial team as the business requires.
The right candidate should have at least 5 years' experience in relevant commercial insurance actuarial role with a minimum of 3 years' of pricing experience. Specialty Lines and/or Marine pricing experience a plus. They should also have excellent statistical knowledge and be a confident, engaging communicator, who can convey complex ideas in a concise way to non-specialists.
Responsibilities
  • Take ownership of case pricing for US classes of business, directly influencing the risk selection process and helping to deliver our ambitious underwriting goals.
  • Support the development and maintenance of next generation pricing models for US business using Python, Excel, VBA, R and SQL.
  • Gain a deep understanding of commercial lines insurance products, including Cyber, Professional lines and Marine.
  • Research key pricing assumptions and market rates and stay apprised of broader industry trends, relaying these to colleagues in the US and globally, as required.
  • Deliver training to underwriters on technical topics, to enhance understanding of the techniques and approaches that underpin the pricing process.
  • Update Pricing Model parameters on a regular basis while adding enhancements for improved accuracy and process efficiency wherever possible.
  • Proactively communicate findings and recommendations to business partners in a manner that is understandable and actionable.
  • Assist other teams in the Actuarial Function where resource is required and to help gain a breadth of knowledge and skills.

Skills and Qualifications
  • 5-8+ years of actuarial experience with demonstrated analytic skills and a proven record of success closely aligned with supporting a business.
  • FCAS, but related experience considered in lieu of actuarial credentials. We will consider filling this role as part of our actuarial student program for a qualified Associate meeting requirements for entry into the program.
  • Experience in pricing P&C commercial lines including experience using statistical modelling techniques.
  • Ability to explain complex technical concepts to non-specialists.
  • Strong understanding of P&C commercial insurance with eagerness to further develop expertise.
  • Excel and/or programming skills and a strong desire to develop these further.
  • Strong problem-solving skills. Ability to apply existing knowledge to a new problem to suggest solutions.
  • Ability to work in a team environment including:
  • Working in an organised manner, producing clear documentation and audit trails.
  • Recognising the need to seek support appropriately from others in the team.
  • Prioritising work and assessing feasibility of deadlines.

Salary Range: $150,000 - $187,600
About Us
Our benefits
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory 401k, discretionary bonus, insurances including medical, dental and vision cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd's of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.

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