Verisk Analytics

Senior Insurance Product Development Analyst (General Liability/Commercial) (hybrid/remote)

Verisk Analytics$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree preferred or equivalent insurance experience of at least two years in P&C insurance forms, rules, and rating development.
  • Strong verbal and written communication skills with keen attention to detail.
  • Expertise in organization, research, and analytical skills.
  • Ability to work both independently and in a collaborative team setting.
  • Knowledge of ISO commercial general liability insurance is a plus.
  • Completion of or progress towards the CPCU designation is advantageous.

Responsibilities

  • Review laws and regulations to assess their impact on insurance products and procedures.
  • Provide timely and insightful responses to insurer inquiries, utilizing insurance expertise.
  • Develop policy language and guidelines that enhance insurance offerings and aid in policy issuance and rating.
  • Present insights on emerging trends to panels of insurers.
  • Collaborate with team members to identify product improvements and solutions.
  • Work closely with various departments within Verisk to ensure comprehensive project contributions.

Benefits

  • Health Insurance coverage.
  • Retirement Plan options.
  • Disability benefits availability.
  • Paid Time Off program.
Full Job Description
Job Description

As part of the Product Development team for commercial general liability, commercial liability umbrella, and medical professional liability, you will participate in the technical development of new and revised insurance programs in response to the ever-changing business environment for these and other lines of business. Your focus will be on customer satisfaction, product quality, relevance and timeliness.

Responsibilities
• Review state and national laws, insurance department bulletins and regulations, and case law for impact on both the current ISO products and our insurers procedures.
• Leverage insurance expertise and research skills to provide timely, thoughtful responses to insurer inquiries over a wide range of insurance topics.
• Develop policy language and manual rules that provide valuable insurance enhancements and guide insurers in issuing and rating policies.
• Learn to develop and present items to panels of insurers on emerging trends.
• Through collaboration with others, identify potential revisions and solutions to bring product revisions to market.
• Collaborate with stakeholders across Verisk including the Law Department, Government Relations and Actuarial, inviting perspectives, contributions, and partnerships within the team, the unit, the company, our customers and business partners.

Qualifications
• Bachelor's degree preferred, or equivalent insurance experience with a minimum of at least two years P&C insurance experience involving analyzing and development of forms, rules, and/or rating preferred.
• 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.
• Knowledge of ISO commercial general liability insurance line procedures is a plus.
• CPCU exam study or completion is a plus.

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Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

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About Verisk Analytics

Verisk Analytics is a data analytics company that provides data, analytics, and decision-support services to professionals in insurance, energy, healthcare, financial services, government, and risk management. The company uses proprietary data sets and algorithms to provide predictive analytics and decision support solutions to its clients. Verisk Analytics was founded in 1971 and is headquartered in Jersey City, New Jersey.
Learn more about Verisk Analytics
Size
9,367 employees
Market Cap
$27.2 billion
Industry
Net Income
$712.7 million
Founded
1971
5 Year Trend
+8.5%
Revenue
$2.7 billion
NASDAQ

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