Product Management Analyst
About The Position
The Product Analyst is responsible for supporting the development, management, and profitability of Safety's insurance products. This role will work closely with the MIS, Underwriting, Actuarial, Marketing, and Claims departments to oversee filing projects from the research phase through implementation. The Product Analyst will research and analyze competitive market trends, regulatory requirements, product performance, and agent/customer needs to identify opportunities for product enhancements and profitable growth. This role has the unique opportunity to drive pricing and non-pricing decisions through strategic product initiatives.
Requirements
- Bachelor's degree in Business, Finance, Economics, Data Analytics, or a related field
- Advanced proficiency in Microsoft Excel and data analysis techniques
- 5+ years in the Property & Casualty insurance industry with prior experience in underwriting, claims, product development, or an analytical role
- Proficiency in research and analysis
- Strong organizations, problem-solving, and analytical abilities
- Excellent written, verbal, and presentation skills
Nice To Haves
- Prior project management experience
- Experience with data analytics tools, including familiarity with SQL or PowerBI
Responsibilities
- Conduct research on competitor products, pricing structures, underwriting guidelines, coverage offerings, and market positioning; assess opportunities and potential risks
- Monitor industry developments, emerging risks, and market trends and be aware of legislative changes
- Prepare and manage rate, rule and form filings with state insurance departments
- Correspond with the insurance departments as necessary, and respond to filing objections
- Maintain knowledge of products offered in MA, NH, and ME, and understand the markets in each state
- Analyze research and formulate recommendations for both new products and enhancements to existing products
- Assist with the design, implementation, and maintenance of products, coverages, endorsements, forms and underwriting rules
- Support testing and implementation of system enhancements related to products changes
- Track filing project key dates to ensure product and rate changes are implemented on time
- Track product performance data and translate into actionable insights for product improvement
- Partner with underwriting and operations teams to identify potential vendor solutions, manage testing and validation of new tools and services, assess potential business benefits, and develop recommendations to support underwriting strategy and performance
- Participate in all rate and product filing project meetings, as well as strategy/pricing meetings and present product recommendations to upper management
- Work closely with the MIS and Actuarial teams to communicate business requirements and implement rate and product filing changes
Benefits
- Medical, vision, and dental insurance
- 3 weeks accrued PTO
- 100% matching 401(k) retirement plan
- 100% tuition reimbursement
- Free on-site fitness center
- Complimentary coffee and breakfast service
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
