Senior Insurance Product Development Specialist (Auto)

Verisk Analytics • Jersey City, NJ

2d • Remote

About The Position

As part of our Compliance & Product Services Auto team, you will help shape the technical development of new and revised insurance programs that respond to today’s evolving business environment. You’ll work across key personal lines of business, including Personal Auto, Motorcycle, Commercial Auto and Personal Umbrella, while keeping customer satisfaction, product quality, and compliance at the forefront.

Requirements

• Bachelor's degree or equivalent insurance experience.
• At least two years P&C insurance experience with product development, claims, underwriting and/or submitting filings with insurance regulators.
• Experience involving analyzing and development of forms, rules, and/or rating preferred.
• Excellent verbal and written communication skills and attention to detail.
• Strong organization, research and analytic skills.
• Ability to both work independently and collaborate in a team environment.

Nice To Haves

• Knowledge of ISO Personal Auto and Commercial Auto lines procedures is a plus.
• CPCU exam study or completion is a plus

Responsibilities

• Draft policy language and develop manual rules that guide insurers in issuing and rating policies, and also develop related information, including filings and announcements to customers.
• Review laws, regulations and case law for impact on ISO products and insurer procedures.
• Develop policy language and rules for major program updates that provide valuable insurance enhancements to products used by the entire insurance industry.
• Review state laws and requirements and make revisions to ensure program updates are compliant and relevant in each state.
• Leverage insurance expertise and researching skills to provide timely, thoughtful responses to insurer inquires over a wide range of insurance topics.
• Develop and present items to panels of insurers on emerging trends and potential revisions.
• Collaborate with all stakeholders including Product Development, Law Department, Government Relations, Actuarial, etc., inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners.
• Work in conjunction with the Product Development team to research and review new products, consider impact on other products, and collaborate with others in bringing products to market.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 1,001-5,000 employees