Product Development Analyst

  • 33297
  • Non-Life - Actuarial
  • |
  • Michigan, United States
  • |
  • Feb 5, 2018
  • Researches and performs quantitative/qualitative analysis on existing and emerging insurance markets, products and competitors.
  • Develops new property/casualty insurance product lines in response to analysis. Analyzes and refines existing property/casualty insurance products to enhance the market competitiveness and address business/market issues.
  • Develops and implements property/casualty insurance programs, standards and procedures.
  • Participates in the implementation of new products, programs, standards or procedures.
  • Supports Property/casualty insurance training programs.
  • Provides support to project teams.
  • Analyzes industry legislation and keeps current on new trends and developments that affect property/casualty insurance products/programs.
  • Researches, develops and reviews insurance related communications, bulletins and memos for corporate/field sales personnel.
  • Bachelor’s degree in Business Administration, Mathematics, Actuarial Science or an insurance specific field or College level coursework and experience in at least two of the following areas:
  • Researching and developing new property/casualty insurance products.
  • Developing property/casualty insurance programs, standards, and procedures.
  • Pricing new/current property/casualty insurance products.
  • Adjusting personal lines property/casualty claims
  • Underwriting property/casualty insurance products.
  • Marketing or sales of property/casualty insurance products.
  • Experience in developing/enhancing personal lines property/casualty products, including policy contract language work.
  • Experience with document design and technical specifications.
  • Property/casualty insurance policy forms and language for major and specialty personal lines products.
  • Regulations, policies and procedures of various state insurance regulatory agencies.
  • Communicate effectively with others in a work environment.
  • Deliver oral and written presentations to other departments.
  • Represent the department on inter-departmental teams.
  • Analyze current products to revise/develop new property and casualty and membership insurance related programs.
  • Conduct quantitative and qualitative market research.