Senior Insurance Product Development Analyst

Verisk Analytics • Jersey City, NJ

20h • Remote

About The Position

As part of the product development team, the Senior Insurance Product Development Analyst participates in the technical development of new and revised insurance programs in response to changing business conditions. The role covers various lines of business, including commercial property, commercial inland marine, equipment breakdown, and capital assets output policy. The focus is on customer satisfaction, product quality, relevance, and timeliness.

The analyst develops policy language and manual rules, evaluates the effects of laws and regulations on insurance products and procedures, researches and responds to insurer inquiries, and works with internal and external stakeholders to bring products to market.

Requirements

• Bachelor's degree or equivalent insurance experience.
• Excellent verbal and written communication skills and attention to detail.
• Strong organization, research, and analytical skills.
• Ability to work independently and collaborate in a team environment.

Nice To Haves

• At least two years of P&C insurance experience involving analysis and development of forms, rules, and/or rating.
• Knowledge of ISO commercial property lines.
• CPCU exam study or completion.

Responsibilities

• Develop policy language and manual rules that provide insurance enhancements and guide insurers in issuing and rating policies.
• Review state and national laws, insurance department bulletins and regulations, and case law for their impact on ISO products and insurer procedures.
• Learn to develop and present items to panels of insurers on emerging trends and potential revisions, and collaborate with others to bring products to market.
• Use insurance expertise and research skills to provide timely, thoughtful responses to insurer inquiries across a wide range of insurance topics.
• Collaborate with stakeholders, including the Law Department, Government Relations, and Actuarial, inviting perspectives, contributions, and partnerships within the team, unit, company, and with customers and business partners.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior