Senior Product Analyst – Personal Auto Insurance
About The Position
American Freedom Insurance Company (AFIC), a midsized and growing company in the nonstandard automobile insurance industry, is seeking a motivated and analytical professional to join its Product Management team. The Senior Product Analyst will evaluate state performance, analyze pricing and profitability trends, support regulatory initiatives, and identify opportunities to improve Personal Auto insurance products. The role may offer the potential to develop into a Product Manager. This position is suited to an insurance professional with strong analytical skills who enjoys working with data, researching market trends, and translating findings into actionable business recommendations. The analyst collaborates with Product Management and departments across the company, and communicates findings to Product Management and senior leadership.
Requirements
- Minimum 3–5 years of experience in the property and casualty insurance industry.
- Strong analytical, quantitative, and problem-solving skills, with exceptional attention to detail.
- Experience working with insurance performance data, including loss ratios, premium, retention, rate changes, and profitability metrics.
- Proficiency in Microsoft Excel and ability to analyze large datasets and develop meaningful reports.
- Strong written and verbal communication skills, including the ability to explain analytical findings to non-technical audiences.
- Ability to manage multiple priorities, meet deadlines, and collaborate effectively across departments.
Nice To Haves
- Bachelor’s degree in Business, Finance, Economics, Mathematics, Statistics, or a related field; an advanced degree is a plus.
- Experience in personal auto insurance, product analysis, pricing, underwriting analytics, actuarial support, or insurance reporting.
- Experience with SQL, Power BI, Tableau, or other data analysis and visualization tools.
- Interest in leveraging emerging technologies and AI tools to improve analytical efficiency and business performance.
- Familiarity with insurance rate filings, state regulations, SERFF, or product development processes.
Responsibilities
- Analyze Personal Auto insurance performance across multiple states, including loss ratios, premium growth, retention, policy counts, producer performance, and overall profitability.
- Evaluate pricing strategies, rate changes, underwriting results, and product performance to identify trends, risks, and opportunities for improvement.
- Develop and maintain reports, dashboards, and analytical models; identify key trends and provide actionable recommendations to Product Management and senior leadership.
- Conduct competitive analysis and market research on pricing, coverage offerings, underwriting practices, and industry trends.
- Support the development and evaluation of rate, rule, and form changes in collaboration with Product Management, Underwriting, Actuarial, Claims, and other internal teams.
- Assist with the preparation, coordination, and implementation of state insurance rate and rule filings through SERFF.
- Research state insurance regulations and assist with regulatory inquiries, compliance reviews, and market conduct examination requests.
- Partner with Marketing, Claims, Underwriting, IT, Finance, and other departments to evaluate product performance and implement improvements.
- Identify opportunities to improve profitability, operational efficiency, and the customer and agent experience through data-driven recommendations.
- Use analytical tools, automation, and AI-powered technologies to streamline reporting and improve business insights.
- Prepare presentations and communicate findings and recommendations to Product Management and senior leadership.
- Assist with evaluating new market opportunities, product enhancements, and potential state expansion initiatives.
Benefits
- Competitive salary.
- Bonus potential based on experience.
- 401(k) with up to a 6% company match.
- Choice of Blue Cross Blue Shield PPO, HMO, or HSA health plans.
- Dental and vision coverage.
- Access to telemedicine services.
- At least 6 paid holidays.
- Paid time off that can be used for vacation, personal, or sick time.
- Separate personal days for sickness, family needs, appointments, or personal matters.
- Paid training, state licensing reimbursement, and opportunities for advancement.
- Employee referral bonuses.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
