Senior Insurance Business/Product Analyst

Great American Insurance Group•Cincinnati, OH

5d•Hybrid

About The Position

Great American Insurance Group is a leader in the insurance industry, offering opportunities for growth and learning within its diverse specialty and property and casualty operations. The company fosters a culture that values diverse backgrounds and experiences, aiming to create an inclusive and empowering workplace. This specific role is within the Trucking Division, which is dedicated to providing best-in-class truck insurance products, particularly for independent contractors in the long-haul trucking industry. The division's culture is built on connection, shared learning, and strong relationships. Employees in this role are expected to be on-site four days a week, with one remote day, and core in-office days are Tuesday-Thursday.

Requirements

Bachelor’s Degree or equivalent experience
2+ years of experience in product or related experience.
Strong technical knowledge of insurance products and lines of business.
Develops and maintains knowledge of industry laws and regulations.
Proficiency in interpreting competitive data and industry trends.
Strong analytical skills with the ability to use data to inform decisions.
Demonstrated decision-making ability and customer-centric mindset.
Demonstrates strong communication skills and ability to build relationships.

Nice To Haves

Certification in area of expertise may be required; appropriate certifications could include Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), Certified Licensing Professional (CLP) or other applicable designations.
Position may require occasional travel.

Responsibilities

Participates in developing new products and/or solutions to enhance premium volume growth and ensures the competitiveness and profitability of existing products.
Conducts market research to identify trends, opportunities, and competitive landscape.
Collaborates with underwriting, actuarial, and claims teams to assist in designing innovative insurance solutions and developing product specifications, pricing strategies, and policy language.
Gathers and analyzes data from various sources specific to product.
Monitors product performance.
Provides summary analysis, makes recommendations, and communicates to business units.
Participates in developing and executing product strategies and roadmaps to achieve business goals.
Participates in conducting SWOT analysis to evaluate product strengths, weaknesses, opportunities, and threats.
Participates in developing product and rate revisions, underwriting guidelines, manuals, and procedures.
Works with marketing, business development, and insurance operations teams to ensure successful product launches and ongoing product support.
May participate in developing and presenting trainings regarding new products and product changes to internal teams and agents.
Partners with the IT department on prioritization, implementation, and enhancements of operational systems to ensure production capabilities are both effective and efficient.
Performs other duties as assigned.