Why insurance pricing needs more diverse STEM talent
If you’re a STEM graduate or someone with strong analytical skills looking for a high-impact, future-proof career - insurance pricing might be exactly where you belong.
It’s a field where data, technology and business strategy come together to shape real-world outcomes. But here’s the problem: the path into this profession has been narrow - and it’s left too much talent on the sidelines.
At Pathfinders™ by FlarePeople, we’re here to change that. Whether you’re a recent graduate, returning to work or transitioning from another career (including the military), you have the potential to thrive in pricing - and we’re here to help you do it.
What is insurance pricing and why is it a good career choice?
Insurance pricing is about using data to assess risk and set fair, competitive premiums for customers. Pricing teams use tools like GLMs, Radar, Python, and SQL to model risk and help insurers make smarter commercial decisions.
Pricing roles sit at the centre of modern insurance - influencing profitability, customer fairness, and product design. It’s one of the most in-demand areas in the industry, with growing need for people who understand both numbers and business impact.
Why STEM graduates are a perfect fit.
If you’ve studied mathematics, physics, engineering, computer science, economics or similar disciplines, you likely already have the right mindset for pricing: logical, analytical, and curious.
What you may not have is:
Insurance-specific knowledge
Technical tool experience (yet)
A clear pathway into the industry
That’s where our Pathfinders™ Academy comes in - we bridge the gap by training you in the tools, methods and real-world business context that pricing teams actually use.
The problem: too many barriers, not enough access.
Despite pricing being a great fit for many STEM candidates, the entry routes have been too narrow. Employers often hire from the same pool of early-career analysts or actuarial grads, making it difficult for talented people from other backgrounds to break in.
Common barriers include:
Lack of direct industry experience
Gaps in employment (e.g., after a career break)
Career transitions from non-traditional paths (e.g., military, other sectors)
Lack of confidence or awareness of the opportunity
The result? Great candidates get overlooked — and pricing teams miss out on the diversity of thought they need.
Why insurance pricing needs more diverse talent.
Diversity isn’t just a buzzword. In pricing, it leads to:
Better decisions: Multiple perspectives reduce bias in modelling and pricing strategies
Fairer outcomes: A diverse team is more likely to spot gaps in how products serve different customer groups
Greater innovation: Diversity drives new ideas and challenges legacy thinking
A stronger future pipeline: Inclusive hiring expands the talent pool for years to come
What is Pathfinders™ by FlarePeople?
Pathfinders™ is a recruit-train-deploy programme built specifically for insurance pricing.
We:
Identify high-potential STEM talent — including graduates, career returners, and ex-forces
Provide 10 weeks of pricing-specific training (GLMs, Radar, Python, SQL, insurance context) led by insurance pricing experts
Deploy you into real pricing roles at UK insurers — contract-based, with ongoing support
Help you grow into a lasting, impactful career
We’re not a generic bootcamp or a job board - we’re a future proof pathway into a career that matters.
Who should apply?
You don’t need prior insurance experience. We’re looking for:
STEM graduates with a strong work ethic and curiosity
Career returners ready to re-enter the workforce
Ex-forces professionals with structured thinking and transferable skills
People who want to work with data, make a real impact, and build a meaningful career
If that’s you, we’ll give you the tools, training and support to succeed.
Ready to step into a new future?
Insurance pricing needs more diverse, talented people - and the door is finally open.
If you're ready to train, grow, and contribute to something that really matters, Pathfinders™ is your launchpad.