About this role.
This Lead Insurance Pricing Analyst role at Monzo sits at the intersection of data, pricing, and growth, focusing on optimizing insurance pricing performance for home insurance and future product lines. The role involves analyzing pricing, conversion, and loss data, running experiments, and collaborating with insurers and data scientists to drive competitive pricing strategies. Key responsibilities include building pricing performance views, refining rating factors, and supporting growth via price comparison websites. The ideal candidate has experience in UK insurance pricing, risk modeling, and hands-on data analysis. This position offers a chance to shape pricing strategy in a fast-paced fintech environment.
Role DNA
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Job Complexity
4/5Pace & Pressure
4/5Autonomy Level
4/5Communication Load
4/5Salary analysis
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Core skills
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Cover letter sample
I am excited to apply for the Lead Insurance Pricing Analyst position at Monzo. With over 5 years of experience in insurance pricing and data science, I have a strong track record of optimizing pricing strategies to drive growth and profitability. At my previous role at a leading UK insurer, I led pricing experiments and improved conversion by 15% through segment-level changes. I am particularly drawn to Monzo's mission of making money work for everyone and its innovative approach to insurance. I am confident that my analytical skills and deep understanding of UK home insurance pricing will enable me to contribute immediately to your team.
Sample interview questions
In my previous role, I analyzed conversion and loss ratio data by segment and found that young homeowners had high conversion but also high claims frequency. By adjusting the rating factors for this segment, we were able to reduce loss ratio by 10% while maintaining conversion within 2%.
I would first gather data on our prices and positions across key PCWs, then analyze conversion rates and rank relative to competitors. I would use elasticity testing to understand how price changes affect conversion and identify segments where we are over- or under-priced. Finally, I would recommend adjustments to improve rank and conversion while considering loss ratio impact.
I designed an A/B test to evaluate the impact of a 5% price increase on a specific risk segment. The experiment ran for 3 months, and we measured conversion and claims frequency. The result was a 3% drop in conversion but a 12% improvement in loss ratio, leading to a net profit increase. We then rolled out the change to all similar segments.
I regularly read industry publications like Insurance Times and follow the FCA's updates. I also attend webinars and network with peers. For pricing specifically, I monitor competitor rate changes and market trends to ensure our pricing remains competitive and compliant.
I have worked closely with data scientists to build predictive models and with product teams to implement pricing changes. I ensure alignment by setting clear objectives, holding regular cross-functional meetings, and translating technical findings into business recommendations. For example, I collaborated with data scientists to develop a risk model that improved rating accuracy, and with product to launch a new pricing tier.
🚀 We’re on a mission to make money work for everyone.
We’re waving goodbye to the complicated and confusing ways of traditional banking.
After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.
With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!
We’re not about selling products – we want to solve problems and change lives through Monzo ❤️
📍London (UK) | 💰 £85,000-£138,000 + Incentive Awards tied to your performance + benefits
About the Insurance Team:
We’re building insurance that actually works for people – no jargon, no faff, no feeling like you’re being caught out.
Our mission is to offer simple, reliable and delightful insurance products that meet real-life needs, backed by great underwriting and claims partners to power seamless internal operations and exceptional customer experiences.
We’re scaling our first product line, Home insurance, with plans to expand into additional insurance categories over the coming years. We’re a focused team with ambitious growth targets and a chance to build something special from the ground up.
About the Role:
We’re looking for a Lead Insurance Pricing Analyst to help us better understand and improve the performance of Monzo’s insurance pricing.
This role sits at the intersection of data, pricing, and growth. You’ll be responsible for understanding how our prices perform in market, why, and where changes may be needed – from day-to-day optimisation through to longer-term pricing strategy.
This role will help Monzo bring stronger customer, conversion and market insight into pricing discussions, so we can better understand where we should be competitive, which customer segments we want to grow, and how pricing changes could support both growth and loss performance – while working in partnership with our insurer, who owns the pricing decisions and risk selection.
You’ll work closely with our insurance partner, data scientists, and product teams to turn pricing, risk and loss data into clear, actionable recommendations – particularly as we scale our distribution channels, including on price comparison websites (PCWs).
🔑 You’ll play a key role by…
- Building and maintaining a clear view of day-to-day pricing performance – understanding where we sit in the market and why
- Analysing pricing, conversion, claims and loss ratio data to identify opportunities to improve growth and profitability
- Running and supporting pricing experiments (e.g. segment-level changes, elasticity testing) including on PCWs
- Refining pricing segments, rating factors and tiering to improve decision quality
- Working with our insurer to evaluate pricing opportunities, assumptions and trade-offs, bringing the Monzo customer, conversion and market insight lens
- Building a clear view of price competitiveness, especially on PCWs, and recommending actions to improve rank and conversion
- Working with Data Science to deepen analysis, while independently driving core pricing work
- Helping develop our internal pricing capability – including frameworks, datasets and ways of working
🤩 We’d love to hear from you if…
- You have experience in insurance pricing, risk modelling, or data science – ideally UK Home or another personal lines product
- You are highly analytical and hands-on with data, comfortable running pricing experiments (e.g., elasticity testing), and using conversion, loss ratio, and risk data to drive actionable decisions
- You have enough underwriting and pricing knowledge to assess pricing assumptions, rating factors and trade-offs using data
- You have a solid grounding in SQL and experience with Data Analysis tools such as Python, Jupyter, Looker or similar
Nice to have (but not essential):
- You’ve worked in a digital-first insurer, insurtech, or high-growth product-led environment
- You have experience with PCWs or other highly price-sensitive distribution channels
- Familiarity with underwriting concepts and insurer-led pricing discussions
What’s in it for you
💰 Salary is £85,000 – £138,000 depending on experience
📍 This role will be based out of our London office next to Liverpool Street station – in a hybrid way of working between the office and home
⏰ We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.
💰 26 days holiday (plus bank holidays)
🏥 Private medical insurance with WPA
📚 £1,000 learning budget each year to use on books, training courses and conferences.
🏡 We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.
➕ Plus lots more! Read our full list of benefits.
#LI-REMOTE #LI-NJ1
Equal opportunities for everyone
Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2026 Diversity and Inclusion Report and 2025 Gender Pay Gap Report.
We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.
If you have a preferred name, please use it to apply. We don’t need full or birth names at application stage 😊
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