Senior Insurance Product Development Analyst

Verisk • Jersey City, NJ

1d • $70,000 - $80,000 • Remote

About The Position

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

The analyst develops policy language and manual rules, reviews legal and regulatory developments for their impact on products and insurer procedures, and researches and responds to insurer inquiries. The role also involves presenting emerging trends and potential revisions to insurer panels and collaborating with internal teams, customers, and business partners 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 analytic 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 valuable insurance enhancements and guide insurers in issuing and rating policies.
• Review state and national laws, insurance department bulletins and regulations, and case law for impacts on ISO products and insurer procedures.
• 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 and partnerships within the team, unit, company, and with customers and business partners.

Benefits

• Health Insurance
• Retirement Plan
• Disability benefits
• Paid Time Off program
• Competitive total rewards package including base salary determined based on role, experience, skill set, and location
• Work flexibility and support, coaching, and training

What This Job Offers

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