The Insurance Solutions team serves as a platform and profit center of excellence addressing the protection needs of our Airbnb community. We offer AirCover to our Hosts, currently comprising: Host Damage Protection, Host Liability Insurance, and Experience Liability Insurance - these are one of a kind programs and unmatched in the travel industry. Our vision is to create a safe and protected community through protection products and solutions. To realize this vision, we are looking for leaders who can help us strengthen our current offerings and enable technology capability to deliver additional products.

We have an opening for an Associate Principal Actuary who will support our Insurance Solutions team to evaluate and construct new insurance products and price the risk accordingly. You will work with our captive insurance company, our in-house insurance agencies,  and outside partners including brokers & insurance companies on these programs. You will recommend optimal pricing and risk-sharing structures (e.g. retained risk, risk transfer, stop loss, etc) for corporate and product insurance. This role will also develop pricing models, actuarially derived, for new insurance products and build out a rating engine for core insurance offerings. 

The Actuary will report to and support our Insurance Senior Manager (a fully credentialed actuary) to present pricing and renewal of programs and performance to key stakeholders (i.e., Hosting, FP&A, Accounting, CS, Legal, TPAs, Insurers, Brokers). 

Responsibilities for the Associate Principal Actuary

In this position, you will serve as Insurance Solutions’ Actuary, reporting directly to the Insurance Senior Manager. Your primary function is to be Airbnb’s internal expert on constructing, pricing, and underwriting new coverages and products for our growing insurance portfolio. You will also coordinate and communicate actuarial and underwriting results to internal stakeholders, identify trends in loss data, & recommend and implement solutions to improve Airbnb’s insurance programs.

Responsibilities include:

• Partner with internal and external parties to develop, price, and underwrite innovative new insurance and protection products in support of our global guests and our hosts
• Manage and support Airbnb’s core actuarial processes for pricing and performance evaluation
• Develop insurance pricing to support insurance placement and renewals
• Work closely with Trust & Safety, Legal, Finance, Accounting, and more to evaluate current program performance and recommend areas for improvement
• Work closely with FP&A to evaluate optimal product insurance structure and pricing to drive revenue while supporting our guests and hosts
• Identify emerging risks and effectively measure impact to Airbnb
• Communicate and present findings to insurance management and other internal and external stakeholders
• Compile and evaluate loss and exposure data
• Underwriting and pricing of all insurance products, including: financial analysis, exposure analysis, policy contract review and rating, claims review, etc.

Qualifications:

• Strongly prefer an actuarial candidate with ACAS/FCAS and at least 5 years of experience in the insurance industry with demonstrable experience developing novel pricing models
• BA/BS in Math, Statistics, Economics, Finance or similar field
• Excellent Excel skills
• Strong SQL skills
• Strong data visualization and presentation skills (e.g. Tableau)
• Familiar with insurance pricing and reserving models
• Comfort working within the non-traditional sharing economy insurance space
• Experience with general liability or homeowners policies is a plus
• Experience with self-insurance and captive insurance companies is a plus
• Entrepreneurial self-starter with excellent problem-solving capabilities, judgment, communication and interpersonal skills
• Adept at thinking creatively (and strategically!) on your feet; proven ability to manage complex workloads including multiple projects and ever-shifting priorities
• Ability to work cross-functionally and actively collaborate with leaders on product, finance, legal, and data science
• Comfortable in a fast-paced environment, subject to rapid change and uncertainty
• Enthusiasm about Airbnb and aligned with Airbnb’s core values.