Insurance pricing needs people from a wider range of backgrounds, because teams with different perspectives are better at spotting bias and blind spots in how products are priced. If you have a STEM degree, or strong analytical skills from another career such as the forces, you can move into pricing without insurance experience through a structured training route.
In our view, the route into pricing has been narrow for too long, and that leaves capable people on the sidelines. Whether you're a recent graduate, returning to work or moving over from another career, there's a way in.
What does insurance pricing involve?
Using data to work out what insurance should cost. Pricing teams assess risk and set premiums that are fair to customers and competitive in the market, using tools like GLMs, Radar, Python and SQL. Pricing sits at the centre of an insurer's business, shaping profit, fairness for customers and product design.
Why do STEM graduates make good pricing analysts?
Because they already think the right way. If you've studied maths, physics, engineering, computer science or economics, you're probably logical, analytical and curious. What you may not have yet is insurance knowledge, hands-on experience with pricing tools or a clear way into the industry. That's the gap the Pathfinders™ Academy fills.
Why is it hard to get into insurance pricing?
Because entry routes have leaned on the same pool of early-career analysts and actuarial graduates. That makes it hard for people from other backgrounds to break in. The common barriers we see:
No direct industry experience
Gaps in employment, such as after a career break
Coming from a non-traditional path, such as the forces or another sector
Low confidence, or simply not knowing the job exists
Why does pricing need people from different backgrounds?
For practical reasons as well as fairness. In our view, a wider mix of backgrounds helps a pricing team:
Spot bias in its models and pricing decisions
See gaps in how products serve different customer groups
Ask different questions that challenge established ways of working
Hire from a broader pool over time
Our diversity and inclusion page sets out our approach.
Who are we looking for?
You don't need insurance experience. We recruit:
STEM graduates with a strong work ethic and curiosity
Career returners and changers ready to get back into analytical work
Ex-armed forces veterans with structured thinking and transferable skills
Everyone is selected for aptitude and attitude.
How does the Pathfinders™ route work?
FlarePeople runs the UK's only recruit-train-deploy programme built specifically for insurance pricing. We find high-potential people from the groups above, then train them through the 10-week Pathfinders™ Academy, mostly online, through modules you work through at your own pace, live training and webinars with the pricing team, with some in-person days. You'll cover GLMs, Radar, Python, SQL, governance and Consumer Duty, and insurance context. Pathfinders are then deployed into pricing teams at UK insurers on an initial contract, typically 24 months, with the option for the insurer to take them on permanently.
Find your way into pricing
If that sounds like you, register your interest with your details and a CV. We will be in touch if you are a good fit for our next Academy. Questions first? Try our FAQs for Pathfinders.
Frequently asked questions
Can I get into insurance pricing without an actuarial degree?
Yes. We recruit STEM graduates from subjects such as maths, physics, engineering, computer science and economics, as well as career changers and ex-forces people, selected for aptitude and attitude.
Does a career break stop me getting into pricing?
No. Career returners are one of the groups we recruit. The Pathfinders™ Academy gives you a structured way back into analytical work.
Why does insurance pricing need diverse talent?
In our view, teams with different backgrounds are better at spotting bias and blind spots in models and products, and asking questions that challenge established thinking.
What do I need to apply?
Your details and a CV. Register your interest on our application page, and we will be in touch if you are a good fit for our next Academy.