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

Insurance Product Management

As part of our Compliance & Product Services Liability team, you will help shape the technical development of new and revised insurance programs that respond to today's evolving business environment. You'll work across key commercial lines of business, including general liability, umbrella liability, and commercial crime, while keeping customer satisfaction, product quality, and compliance at the forefront.

Responsibilities

About the Day to Day Responsibilities of the Role

• Draft policy language and develop manual rules that guide insurers in issuing and rating policies, and also develop related information, including filings and announcements to customers.
• Review laws, regulations and case law for impact on ISO products and insurer procedures.
• Develop policy language and rules for major program updates that provide valuable insurance enhancements to products used by the entire insurance industry.
• Review state laws and requirements and make revisions to ensure program updates are compliant and relevant in each state.
• Leverage insurance expertise and researching skills to provide timely, thoughtful responses to insurer inquires over a wide range of insurance topics.
• Develop and present items to panels of insurers on emerging trends and potential revisions.
• Collaborate with all stakeholders including Product Development, Law Department, Government Relations, Actuarial, etc., inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners.
• Work in conjunction with the Product Development team to research and review new products, consider impact on other products, and collaborate with others in bringing products to market.

Qualifications

About You and How You Can Excel in this Role

• Bachelor's degree or equivalent insurance experience.
• At least two years P&C insurance experience with product development, claims, underwriting and/or submitting filings with insurance regulators. 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.

About Us

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.

Verisk Businesses

Underwriting Solutions provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Specialty Business Solutions provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Catastrophe and Risk Solutions provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events.

Marketing Solutions delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement

Life Insurance Solutions offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

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.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk's minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.