Insurance Product Analyst

This is a fully remote position, open to applicants in United States.

📋 Description

• Evaluate product and portfolio P&L, focusing on earned premiums, loss ratios, frequency/severity trends, rate adequacy, and underwriting performance to uncover profit and growth opportunities.

• Create and improve reporting tools that aid carrier and MGA decision-making, including dashboards for rate actions, retention metrics, claims trends, and regulatory performance.

• Act as a subject matter expert on pet insurance contracts, rating methodologies, underwriting guidelines, and variations in products across different states.

• Work with structured data from various systems (policy administration, claims, rating engines, distribution partners) to produce accurate and actionable insights.

• Perform in-depth analyses on emerging issues such as loss spikes, rate requirements, regulatory updates, or underwriting leakage.

• Collaborate with Actuarial and Underwriting teams to assess rate indications, track product performance, and assist with filings, updates to forms, and pricing modifications.

• Aid in ongoing product maintenance, which includes monitoring regulatory mandates, state-specific variations, and DOI-related effects on product strategy.

• Offer strategic recommendations regarding product direction, pricing initiatives, underwriting modifications, and market opportunities based on analytical trends.

⛳️ Requirements

• Bachelor’s degree in a relevant discipline or equivalent professional experience.

• Over 2 years of experience in P&C or pet insurance analytics, pricing, product management, or underwriting.

• Strong grasp of insurance KPIs (loss ratio, combined ratio, rate adequacy, retention, frequency/severity).

• Proficient with analytical tools such as SQL, SAS, R, Python, and visualization platforms like Power BI or Tableau.

• Experience working with insurance data sources (policy administration systems, claims data, rating engines, underwriting rules).

• Capability to convey intricate insurance concepts to both technical and non-technical audiences.

• Excellent organizational skills with the ability to juggle multiple priorities in a fast-paced setting.

🏝️ Benefits

• Comprehensive full medical, dental, and vision insurance.

• Basic Life Insurance at no cost to the employee.

• Company-paid short-term and long-term disability.

• 12 weeks of 100% paid Parental Leave.

• Health Savings Account (HSA).

• Flexible Spending Accounts (FSA).

• Retirement savings plan.

• Personal Paid Time Off.

• Paid holidays and a company-wide Wellness Day off.

• Paid time off to volunteer at nonprofit organizations.

• Pet-friendly office environment.

• Commuter Benefits.

• Group Pet Insurance.

• On-the-job training and skills development.

• Employee Assistance Program (EAP).