Unclassified - Boston, MA
posted 3 months ago
Trusted Resource Underwriters Exchange (TRUE) is a reciprocal insurer established in 2020, dedicated to serving homeowners in storm-prone regions of Florida and other parts of the country. Following a significant acquisition by Gallatin Point Capital at the end of 2023, TRUE has raised over $1.25 billion in committed capital. This funding allows TRUE to enhance its underwriting capacity in Florida and strategically expand its homeowners product offerings and footprint nationally. The company employs a partnership distribution model, leveraging both new and existing partnerships as it embarks on an exciting growth phase. The Actuarial Analyst role is integral to TRUE's product and pricing team, which is seeking individuals with a curious and analytical mindset. This position is ideal for those eager to thrive in a fast-paced start-up environment, where they can contribute to building innovative solutions while advancing their careers. The Actuarial Analyst will focus on pricing and ratemaking for property insurance, building pricing models and projections that facilitate profitable growth for the business. Reporting directly to the Director of Actuarial Services, the analyst will engage in a variety of initiatives that drive TRUE's mission and strategy. Key responsibilities include developing state rate level indications, conducting competitive and market analyses, and supporting the pricing development for new products and rating structures. The analyst will also update and maintain rating plans and predictive models, collaborate with business partners to formulate rate recommendations, and provide technical support for rate filings with state insurance departments. Additionally, the role involves assisting in data preparation, testing, and performing actuarial modeling to quantify risk impacts.