The Commercial Lines Product Analyst plays a key role in supporting the development, enhancement, and ongoing management of Property & Casualty insurance products. The role involves analyzing market demographics, competitive trends, and regulatory requirements to develop data-driven recommendations for product design, pricing, and enhancements.
Requirements
- Analyze and effectively communicate market changes, industry trends, competitive dynamics, and other critical insights that impact product performance and operations.
- Partner with insurance vendors and underwriting service providers supporting new product launches and ongoing product maintenance, including reviewing contracts, assessing vendor performance and efficiency, and quantifying recommendations.
- Collaborate with Legal and State teams to update policy language or develop new forms to ensure compliance with regulatory requirements and alignment with strategic objectives.
- Build comprehensive, well-documented business requirements for the IT department and partner closely with IT to ensure accurate and timely implementation of product changes.
- Collaborate with state teams representing national products on countrywide projects and strategic initiatives.
- Develop clear, comprehensive, and well-written proposals for review by senior leadership, including presenting recommendations and findings to key stakeholders.
- Leverage advanced Excel capabilities to build pivot tables, create cross-tabulations, apply formulas, analyze and manipulate data, and develop charts and visualizations that clearly summarize analyses.
- Demonstrate strong attention to detail while effectively managing multiple tasks and priorities in a fast-paced environment with limited supervision.
- Utilize advanced Excel skills to summarize, analyze, and visualize data in support of product recommendations.
- Apply end-to-end knowledge of insurance operations, understanding how all aspects of the business work together.
- Proactively communicate market developments, upcoming products, and industry trends to impacted departments across the organization.
- Conduct market and regulatory research using tools such as rate and form circulars issued by rating bureaus.
Benefits
- Competitive health coverage
- Retirement plans
- Paid time off
- Flexible work options
- Employee discounts
