Farmowners Actuary

Verisk Analytics; Jersey City (NJ); On-site; USD 70,000 - 100,000; Full time

Job summary

Verisk Analytics is seeking an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners. You will help drive pricing innovation, analyze risks, and support enhancements for Farmowners pricing and program.

Collaborate with cross-functional partners on filings, pricing methods, and market analyses. The role focuses on Farmowners, ratemaking and loss-cost reviews, and understanding coverage forms and rating rules to keep pricing competitive and accurate.

Qualifications

• Experience in actuarial pricing or pricing analytics preferred.
• Familiarity with Farmowners or commercial lines pricing beneficial.

Responsibilities

• Support Farmowners pricing and program enhancements.
• Assist ratemaking and loss cost reviews.
• Collaborate with coverage team on filings and cross-LOB initiatives.

Skills

Actuarial pricing

Ratemaking

Loss cost analysis

Cross-functional collaboration

Regulatory filings

Job description

Are you passionate about solving complex actuarial challenges and shaping the future of insurance products? Join our dynamic Business Owners Actuarial Product team as an Actuarial Associate, specializing in Farmowners insurance. In this pivotal role, you'll help drive innovation in pricing methodologies, analyze emerging risks, and support enhancements for our Farmowners program.

As part of the Businessowners Product team, you'll collaborate with cross-functional partners to develop and refine pricing strategies for new and existing products. You'll lead and participate in high-impact projects, contribute to secure regulatory filings, and ensure our offerings remain competitive and customer-focused.

We are looking for an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners.

The Businessowners Product team is responsible for Businessowners and Farmowners. The team is responsible for analyzing and creating pricing for new and emerging insurance risks; performing deep dives into pricing methodologies with the goals to enhance and innovate pricing of existing products and coverages; leading efforts in secure filing of pricing changes; providing supports for filings of coverage changes; and maintaining customer focus in all their work.

The successful candidate will enjoy identifying and solving complex actuarial problems, be comfortable working with team members on high-profile projects and own part of the processes and have the ability to explain work in non-technical contexts to internal and external customers.

The role will focus on supporting the Farmowners program. This will include ratemaking and loss cost reviews as well as general product support and enhancements. Familiarity with Farmowners insurance or similar coverages is strongly preferred. The ideal candidate will also have an understanding of coverage forms and language, rating rules, and the insurance market.

In addition, this person will work closely with our coverage team and may represent Farmowners supporting cross-LOB initiatives and Reimagine initiatives.