Product Actuary

Competitive Salary

BGL Life

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BGL Life have a fantastic new opportunity for a Product Actuary to join their product team during an exciting period of growth. This role will develop and deliver the product and capacity strategy for BGL Life, understanding the changing needs of our distribution channels and partners to ensure that we maximise BGL Life's opportunities in each whilst appropriately positioning the product range against other providers in those channels.

Why Join BGL Life?

Here at BGL Life we like to be different – we’ve sold life insurance products and services unique to the market since 2012. We’ve continued to change the narrative of life insurance to be less complex and replaced it with simplicity, speed and value, to allow our customers to obtain a quote in just 60 seconds and be covered in as little as 10 minutes! Our digital, technical and data capabilities are something to be proud of, and we recognise there’s still more to be done. We’re focused on significant growth plans and are investing in several key strategic projects and initiatives over the next 12+ months. 

We’re a unique business division with a start-up feel, operating within an established fintech business that has clear goals to disrupt the markets we choose to operate in. We’re offering an opportunity for you to make strides in our product roadmap, whilst clearly and significantly distinguishing ourselves further from our competitors and pre-empting innovative customer product needs.

As Product Actuary you will you develop strong relationships with each of our insurer and reinsurer partners . You will develop products that meet the needs of our customers whilst continually assessing competitor activity and industry changes to ensure that our products remain market leading. In role you will also develop a detailed understanding of product rating agencies and position BGL Life's products in accordance with the Product strategy and distribution channel needs.

What will it take to be successful as a  Product Actuary?

Your subject matter expertise is key in order to bring us closer to our vision, along with the courage and confidence to challenge the status quo. Previous experience as a product manager (or alike) is essential within the life and protection market. 

Must have:

  • Qualified Actuary
  • Knowledge of protection market and products and subsequent definitions across the market (i.e. Critical illness, Income protection, , Life insurance etc)
  • Strong understanding of product and pricing structures
  • Strong understanding of the reinsurance market
  • Your level and remit will expose you to various internal and external stakeholders whereby you’ll need to be comfortable in guiding and making decisions
  • Passion for innovation and developing disruptive propositions

Why Choose Us?

Founded in 1992, the BGL Group has grown significantly in size and capability. From 30 to 3,000 people, we are a leading digital distributor of insurance and household financial services.  BGL Group has reached 9.5 million customers through brands including,, Beagle Street, Budget Insurance & Dial Direct. We make a difference for our customers, colleagues and communities by working, growing and winning together. We enjoy what we do and have fun doing it.

Diversity and Inclusion

We're a diverse community of dedicated, innovative and talented professionals. With an inclusive and open workplace, we encourage our people to create and share ideas – supporting their growth and celebrating their uniqueness. We're proud to be an equal opportunity employer and stand firmly against discrimination of any kind.

Flexible working

We understand the importance of achieving a healthy lifestyle balance, BGL Insurance have a hybrid approach to working between the office and remote working. Our office is situated in Peterborough. We have an environment where people are empowered to embrace flexible working in a way that works for them and for the business.

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