Senior Insurance Product Development Analyst
Verisk
Senior Insurance Product Development Analyst
Verisk
Builds data and risk software for insurers
As part of the product development team, you will participate in the technical development of new and revised insurance programs in response to the changing business environment for various lines of business, including commercial property, commercial inland marine, equipment breakdown, and capital assets output policy.
Your focus will be on customer satisfaction, product quality, relevance and timeliness.
To accomplish these goals, you will need to:
• Bachelor's degree or equivalent insurance experience.
• At least two years P&C insurance experience involving analyzing and development of forms, rules, and/or rating preferred.
• Knowledge of ISO commercial property lines is a plus.
• CPCU exam study or completion is a plus.
• Excellent verbal and written communication skills and attention to detail.
• Strong organization, research and analytic skills.
• Ability to both work independently and collaborate in a team environment.
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• Develop policy language and manual rules that provide valuable insurance enhancements and guide insurers in issuing and rating policies.
• Review state and national laws, insurance department bulletins and regulations, and case law for impact on ISO products and insurer procedures.
• Learn to develop and present items to panels of insurers on emerging trends and potential revisions and collaborate with others in bringing products to market.
• Leverage insurance expertise and researching skills to provide timely, thoughtful responses to insurer inquiries over a wide range of insurance topics.
• Collaborate with all stakeholders including the Law Department, Government Relations and Actuarial inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners.
Budgeted Salary Currency: USD
Minimum Salary: 70,000
Maximum Salary: 80,000
Verisk sells data, analytics, and software to insurers, reinsurers, and insurance intermediaries that assess risk and settle claims. Its tools support insurance pricing and policy development, catastrophe modeling, and claims investigation, combining industry records with scientific models and specialized applications. Xactimate calculates property repair estimates, while other platforms compare claims to identify suspected fraud and model losses from natural disasters. Customers pay through hosted subscriptions, transaction fees, and advisory services, with software and data integrated into their underwriting and claims workflows. Verisk traces its operating roots to 1971 and is headquartered in Jersey City, New Jersey.
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