Senior Insurance Product Analyst
Full Job Posting
Essential Job Functions and Responsibilities:
Responsible for the maintenance of the ISO BOP product including, but not limited to policy forms, policyholder notices and disclosures, advisories, manuscripts or other pertinent product materials.
Assists or serves as primary product support helping develop and lead the development of innovative products and solutions to drive premium volume growth and maintain the competitiveness of the product portfolio.
Collaborate with Business Units, Actuarial, Claims, Data and Legal teams to design innovative insurance solutions and develop product specifications, pricing strategies, and policy language to ensure compliance with regulatory requirements and company guidelines.
Develops product and rate revisions, manuals, and procedures.
Maintains the review, approval and implementation of assigned filings and ensures compliance with statutory requirements. Including, but not limited to, creating filing documentation and coordinating responses for Departments of Insurance.
Collaborates with Business Units, Legal, and Actuarial to resolve any issues relevant to securing state approval of forms and rates, or to revise products or procedures for compliance with new laws.
Gathers and analyzes data from various sources specific to the products.
Identify opportunities for product enhancements and improvements.
Provides summary analysis, makes recommendations, and communicates to Business Units.
Provide coverage analysis, expertise & direction for policy forms.
Conducts comprehensive competitor coverage analysis and makes recommendations for coverage and forms strategies.
Monitors pertinent insurance publications, including ISO circulars, to determine impact on line of business. This may include:
Identifying emerging coverage issues, state regulatory concerns, and business unit needs.
Developing action plans, implementing, and communicating changes when appropriate.
Lead the development of training and communication materials and providing training as necessary on product/rate changes for staff.
Partner with the IT department on prioritization, implementation, and enhancements of operational systems to ensure production capabilities are both effective and efficient. Knowledge of Duck Creek a plus.
Resolves and/or assists with researching, documenting, communicating complex compliance related issues.
Performs other duties as assigned.
Experience: Generally, 5 to 9 years of related underwriting or product experience. Two or more years of product experience. May be in the process of obtaining or may have already completed certification in area of expertise; appropriate certifications 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.
Business Unit:
Property & Casualty Product Data & Compliance
Benefits:
- We offer competitive benefits packages for full-time and part-time employees. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
- Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.
- Excludes seasonal employees and interns.
Qualifications
- Education: Bachelor’s Degree or equivalent experience.
- Field of Study: Business, Economics, Statistics a related discipline.
- Generally, 5 to 9 years of related underwriting or product experience. Two or more years of product experience. May be in the process of obtaining or may have already completed certification in area of expertise; appropriate certifications 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.
- Property & Casualty Product Data & Compliance
About Great American Insurance Group
Specialty property and casualty insurance and risk management services.
Visit company websiteJobs and hiring trendsApply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at Great American Insurance Group
Senior Claims Specialist/Claims Technical Director - Great American Risk Solutions
, USA
M&A Intern
, USA
Trucking Claims Intern (Summer 2027)
Cincinnati, USA
Environmental Senior Production Underwriting Specialist
, USA
Marketing Trainee
, USA
D&O Financial Institutions Underwriter
Schaumburg, USA
Product Filing Analyst
Cincinnati, USA
Senior Managed Care Manager
, USA