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Day in the life of our International Pricing Director.

Peter Marissen is our International Pricing Director. He lives with his wife and 2 children in Cardiff, where his guitar collection is growing. Peter tells us more about what his average day at work involves...

"Usually, my day doesn’t start off well. It’s 6am, I’m fast asleep, and a little person jumps onto the bed.

Emily: Papa, I can’t sleep anymore.
Me: Try. Just close your eyes.
Emily: I can’t. Can I have the iPad?
Me: It’s a school day. We don’t do iPads on school days.
Emily: Your phone then?
Me: No
Emily: Mama’s phone?
Me: Sleep. Please sleep.

I’m not a morning person, but Emily is 6 and Harry is 3, so there is no more sleep until I leave just before 8am to do the school run. What should be a 10-minute drive takes about 30 minutes in start-stop traffic. Having the “B-I-N-G-O the dog” song on repeat in the background doesn’t make the trip feel any shorter. At drop-off I try to keep calm amongst many screaming kids until the school doors open, then I re-join the traffic jam, and with luck, I’ll make it to the office for around 9.

I usually have a small bite to eat while I start up my computer. Something tasteless but virtuous, now that I’ve had my health check. They insisted on a lengthy discussion about my diet and guess what, it turns out that a bacon roll every morning may not be a great idea. So, I have cut back to once a week (ish), and on most days I end up stirring oats into my organic yoghurt. Lovely.

I joined Admiral in February 1999, in the Pricing department, on the assumption that it would be a useful experience for a couple of years. I know I’m not the only one where this got out of hand a bit. At the time, the Pricing team consisted of only 5 people, which was fine as it was motor only, phone only and UK only. When, 10 years later, we looked at launching in Spain, I helped set up their Pricing and stayed involved as Balumba grew over the years. The same happened when the other non-UK operations launched, and at one point we decided that an International Pricing team could help with quality control of rate changes, communicating new Pricing ideas across the group, and training.

In International Pricing we spend most of our time working with the various Pricing Teams in the group. There are always several pricing changes from our different operations that the team and I are looking at. Some are simple and require no more than a quick email, others can be time-consuming and need a fair bit of work. Communication at a distance can sometimes be a challenge, but having “Hangouts” is a great help, especially now that we are moving more towards group-wide projects and changes.

The team is divided into three sub-departments: Analytics, Cross-product, and the Nursery. Analytics and Cross-product are important and growing areas that take a lot of my time. Analytics is producing some good results as we do a lot of work with the various operations and use our Data Scientists to produce models for them and at the same time each country is developing their own analytics capabilities as well.

In terms of people, the nursery makes up the biggest proportion of the team. I shouldn’t say nursery, it has recently been renamed, by majority vote, into something that no-one can remember (International Analyst Development Programme, I think). The name hasn’t really taken off, despite the “No More Nursery” jar, which requires payment of 20p for every mention of the word nursery. I am a regular contributor. Anyway, in the nursery IADP, we recruit math-graduates from universities close to our non-UK operations, who spend a year or so in the team learning how to do Pricing, and then go back to hit the ground running. It makes for quite an international team and I enjoy that aspect of it.

When I get home the kids are usually in the bath or getting ready for bed. Bedtime is always fun, although also chaotic, for which I invariable get the blame, perhaps with some justification.

Evenings are short. There’s time for dinner, emails, and there’s always the temptation to do a few other things. But I don’t, because I know what’s going to happen at 6am tomorrow morning…"

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