Product Analyst

Title: Product Analyst

 

You'll Report To: Product Director

 

The Product Analyst will create, update and implement rate and rule manuals, underwriting guidelines, and policy coverage forms including filings with the Office of Insurance Regulation.  He/she will maintain accurate and timely competitive analysis, including rates, rules and forms of primary competitors.  The Product Analyst will support Pricing, Reserving and Reinsurance areas with quality data extraction, validation and analysis, and will be responsible for reading through forms and checking and correcting any and all errors before submission.

• →Develop/revise product rate/rule manuals and forms as part of state product strategies or state compliance, for filings with State Office of Insurance Regulation (OIR).
• →Control all insurance policy forms and maintain Forms Matrix.
• →Perform analysis of existing forms and manuals on a regularly scheduled basis for effectiveness.
• →Research statutory changes and provide management with requirements.
• →Negotiate approval of forms filings with OIR.
• →Research and analyze external information sources to provide updated, accurate competitive analysis including rates, guidelines and forms.
• →Provide Market Analysis – create and maintain rates and profiles of major competitors. A complete market basket analysis of rate position by territory/zip code on a number of different risk profiles.  Keep up to date of competitor filings and rate levels through OIR website.
• →Support department by extracting data from data warehouse, validating accuracy of data and setting up and performing analysis as needed.
• →Analyze and report on loss trends, cancellations, retention, attrition, NB production, NB quality, PIF quality and any other ad-hoc requests.
• →Provide input on pricing, reserving and risk management strategies.
• →Identify and resolve rating discrepancies.
• →Help prepare quarterly and annual financial submissions
• →Process accurate and well documented business requirements for all changes.
• →Test changes for accuracy and document discrepancies.
• →Follow-up to ensure corrections are made timely and accurately.
• →Independently work on supporting new products and features.
• →Review and recommend procedure changes. Develop documentation and implementation processes for changes as needed.
• →Perform all responsibilities using established quality control procedures and checklists.

Education: Bachelor’s Degree (B.A. or B.S.); or related experience and/or training; or combination of education and experience.

 

Experience: Three (3) to five (5) or more years of product management experience working in Property Casualty field required. Data Analytics and experience in data extraction and interpretation preferred.

 

Knowledge & Skills:  

• Strong ability to read, analyze, and interpret governmental regulations, technical procedures, insurance business periodicals/circulars, and professional journals.
• Ability to analyze data and develop strategic recommendations.
• Strong organizational skills, including time management.
• Experience in group presentations and project management.
• Demonstrated skills or past achievement to obtain desired results.
• Proven knowledge of insurance concepts, insurance contract interpretation & layout, principles and practices preferred.
• Strong computer spreadsheet and database skills: COGNOS, Access, and SQL, preferred.  Excellent Excel skills required.
• Demonstrated ability to learn additional software applications as required.
• Ability to present ideas and information in a clear, concise, organized and diplomatic manner; gather information from multiple parties to ensure all perspectives are heard and considered; listen to others to respond effectively to ideas, thoughts and questions; express information and ideas effectively in settings including aligned or un-aligned feedback to obtain desired results.

Working Conditions: Normal business office environment.  Must be able to remain in a stationary position for periods of time while constantly operating a computer and or other office productivity machinery such as a calculator or telephone.  The person in this position needs to occasionally move about inside the office to access file cabinets, office machinery or communicate with coworkers. Schedule: 8:30am - 5:30pm Monday through Friday.  This role is in-office at our location in Tampa #LI-Onsite Travel: Minimum, as required.   ADA: The above statements cover what are generally believed to be the principal and essential functions of this job.  Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of job duties.    American Integrity Insurance Group is an Equal Opportunity Employer.