Growth role for a Product Analyst in the Insurance industry:
• Design and develop insurance policies, endorsements, and coverage structures tailored to market needs and client demands.
• Build and maintain rating models to ensure pricing accuracy and competitiveness while meeting profitability targets.
• Conduct comprehensive analysis of policy performance, identifying trends and areas for improvement in coverage design and rate structures.
• Collaborate with underwriting teams to refine guidelines and ensure alignment with product objectives.
• Ensure all policies and raters comply with applicable regulatory standards and filing requirements.
• Provide expertise on insurance coverage terms and conditions to internal teams, including underwriting, sales, and marketing. • Contribute to digital transformation initiatives by defining technology needs for rating tools, policy administration systems, and related platforms.
• Conduct in-depth market research and competitive analysis to identify industry trends, customer needs, and opportunities for product differentiation and growth.
• 3+ years of experience in insurance product development, underwriting, or related roles with a strong focus on policy and rater design.
• In-depth understanding of insurance coverage terms, policy structures, and rating methodologies.
• Strong analytical skills with experience working with rating engines, Excel, SQL, or other data analysis tools.
• Knowledge of regulatory requirements and experience preparing filings for insurance products is a plus.
• Exceptional communication skills, with the ability to explain complex coverage concepts clearly to diverse audiences.
• Experience with technology platforms for policy and rating management is a plus