Product Development Analyst - Commercial Insurance

About MGT Insurance

MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for the brokers and small business owners. By combining the expertise of industry veterans with state-of-the-art technology, we are ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. We seek visionary leaders who thrive in dynamic, entrepreneurial settings, and excel in autonomous roles.

The Product Development Analyst, Commercial Insurance supports the development, filing, and ongoing maintenance of MGT’s commercial P&C products. This role is hands-on with forms, rating, rules, and underwriting guidelines, and is responsible for preparing and tracking state filings in SERFF from submission through approval. The Analyst partners with the Product Development Manager and works cross-functionally with underwriting, claims, actuarial, compliance, distribution, and engineering to bring products and product changes from concept to market. The Analyst will also help create and refine AI tools that assist with product preparation and analysis, such as filing preparation, form and competitor comparison, and performance review.

This is an opportunity for an experienced commercial insurance professional who combines technical knowledge of coverage and filings with strong analytical skills and is comfortable operating independently in a dynamic environment.

Key Responsibilities

Product Development & Lifecycle Support

• Support the development and enhancement of commercial P&C products across BOP, commercial auto, general liability, property, and package programs, with exposure to specialty lines, excess/umbrella, crime, and inland marine

• Research, scope, and document new coverages, endorsements, and program enhancements

• Prepare product requirements and specifications to support system configuration and implementation

• Monitor the lifecycle of existing products and recommend updates to maintain competitiveness and profitability

Forms, Coverage & Pricing

• Draft, edit, and maintain policy forms, endorsements, and coverage language, including comparison to ISO and other bureau or competitor forms

• Support rate, rule, and rating plan development and updates, working with actuarial on pricing and rate support

• Build and maintain rating manuals, rules, and rate pages, and validate rating configurations against filed materials

• Analyze loss trends, class and state performance, and rate adequacy to inform pricing and product recommendations

Regulatory Filings & SERFF

• Prepare, submit, and track form, rate, and rule filings through SERFF across multiple states

• Compile filing exhibits, actuarial memoranda, explanatory memoranda, and supporting documentation

• Draft responses to regulator objections and questions, and follow up through approval

• Maintain a filing tracker and organized filing records, including effective dates, approvals, and implementation status

• Monitor state-specific filing requirements (file-and-use, use-and-file, prior approval) and regulatory and bulletin changes affecting products

Underwriting Guidelines & Criteria

• Assist in developing and maintaining underwriting guidelines, appetite, eligibility criteria, and referral requirements by class and line

• Ensure underwriting guidelines align with filed forms, rates, and rules

• Partner with underwriting to translate guideline and appetite changes into product and system requirements

AI Tools for Preparation & Analysis

• Help design, build, test, and refine AI tools that assist with product development preparation and analysis, including filing preparation, form and endorsement comparison, competitive filing research, and rate and loss analysis

• Identify repetitive preparation and analysis tasks across product development and filings that can be improved through AI and workflow automation

• Define use cases, requirements, and test cases for AI tools, and validate outputs for accuracy against filed forms, rates, rules, and underwriting guidelines

• Partner with engineering and data teams to implement, document, and improve AI-enabled workflows

• Train product, underwriting, and compliance colleagues on using these tools, and apply human review to AI-generated work product

Market Research & Competitive Analysis

• Research competitor forms, rates, rules, and coverage offerings, including through SERFF filing searches

• Prepare competitive comparisons that inform coverage design, pricing, and product positioning

Cross-Functional Execution & Communication

• Work with underwriting, claims, actuarial, compliance, legal, distribution, and engineering to support implementation and post-launch monitoring

• Support product testing and validation, including confirming system output matches filed forms, rates, and rules

• Develop product documentation, training materials, and internal communications

• Present findings and recommendations to both technical and non-technical stakeholders

Qualifications

Experience

• 5–7 years of experience in commercial P&C insurance in product development, underwriting, filings/compliance, or closely related roles

• Working knowledge of BOP, commercial auto, general liability, commercial property, and package policies, including coverage structure, forms, and rating

• Hands-on experience preparing and managing state filings (forms, rates, and/or rules) in SERFF

• Experience with form development and endorsement drafting, and with pricing and rating work

• Understanding of underwriting guidelines, eligibility, and appetite criteria, and how they connect to product design

• Experience with specialty lines, excess/umbrella, crime, and inland marine is desired

• Experience with competitive filing research and market analysis is a plus

Education

• Bachelor’s degree in Business, Risk Management, Finance, Insurance, or a related field

• CPCU, AINS, AU, ARM, or similar designations are a plus

Skills & Capabilities

• Strong commercial P&C coverage and policy form knowledge

• Strong attention to detail and ability to maintain accuracy across forms, rates, rules, and filings

• Analytical and problem-solving skills, including comfort working with rating and loss data in Excel

• Clear written and verbal communication, including regulator-facing correspondence

• Highly organized with the ability to manage multiple filings and deadlines at once

• Proficiency in MS Office; SQL, Tableau, or Power BI experience is a plus

• Experience using or building AI tools (such as prompt design, LLM-based workflows, or automation) to improve preparation, analysis, and documentation is desired

Compensation:
The base salary range for this role is $90,000 – $150,000 annually. Compensation will depend on qualifications, experience, and location. This role is also eligible for performance-based bonus and equity, in addition to a comprehensive benefits package.

We recognize that no candidate will meet every qualification and encourage individuals with relevant experience and interest in the role to apply.

Please note: MGT does not accept unsolicited resumes from staffing vendors, including recruitment agencies and/or search firms. Please do not forward resumes to our jobs alias, MGT employees, or any other company location. Any submittals without a prior signed agreement will become property of MGT.

Our Commitment to Diversity, Equity & Inclusion

At MGT, inclusion drives excellence and belonging sustains it. We believe diverse perspectives make us stronger, more innovative, and more connected to the people we serve. We value every voice, champion equity, and create space where all people can grow and succeed together.

Equal Employment Opportunity Statement

MGT is proud to be an Equal Opportunity Employer. We do not discriminate in employment opportunities or practices based on race, color, religion, gender, gender identity or expression, sexual orientation, national origin, age, disability, genetic information, marital status, military or veteran status, or any other status protected by applicable law.

All employment decisions are based on qualifications, merit, and business needs. We are committed to providing reasonable accommodations for qualified individuals with disabilities throughout the application and employment process. If you need assistance or accommodations, please contact us at [email protected].

This job description is intended to outline the general nature and level of work performed by employees in this role. It is not an exhaustive list of all responsibilities, duties, or qualifications required. MGT Insurance reserves the right to modify, interpret, or apply this job description in any way the company deems appropriate.