Insurance Policy Analyst

Placements24; United States; Hybrid; USD 56,000 - 86,000; Full time

Benefits offered by this job

Competitive salary and annual bonuses

Hybrid work arrangements

Health, dental and retirement benefits

Continuous learning and development

East London office

Job summary

Placements24 in East London is seeking a detail-oriented Insurance Policy Analyst to join our growing team. The role focuses on development, review, and maintenance of insurance policies, ensuring alignment with business objectives and regulatory standards.

You will conduct in-depth research, interpret policy language, and collaborate cross-functionally to enhance our insurance product portfolio in a flexible hybrid setup.

Qualifications

• Minimum of 3 years of experience in insurance policy analysis, product development, or a comparable role.
• Solid understanding of insurance contracts, principles, and various lines of business.
• Exceptional research, analytical, and written communication skills.
• Experience in policy drafting and a keen eye for detail.
• Familiarity with insurance regulations and compliance requirements.
• A relevant tertiary qualification is advantageous.

Responsibilities

• Evaluate and refine existing insurance policy wording for clarity, accuracy, and competitive positioning.
• Research industry best practices, regulatory changes, and emerging risks to inform policy enhancements.
• Draft new policy provisions and endorsements, ensuring compliance and alignment with strategic goals.
• Work closely with underwriting, claims, legal, and actuarial teams to gather input and ensure policy effectiveness.
• Develop clear documentation and training materials for internal teams regarding policy changes.
• Analyze policy performance data to identify areas for improvement and innovation.

Skills

Analytical skills

Written communication

Policy drafting

Research

Regulatory knowledge

Education

Relevant tertiary qualification

Job description

About the Role

Our client is seeking a detail-oriented and analytical Insurance Policy Analyst to join their growing team in East London. This role is integral to the development, review, and maintenance of insurance policies, ensuring they align with business objectives, market trends, and regulatory standards. You will conduct in-depth research, interpret complex policy language, and collaborate cross-functionally to enhance our insurance product portfolio. The ideal candidate possesses strong analytical acumen and a comprehensive understanding of the insurance landscape. This position provides an excellent career opportunity within a dynamic organization, offering professional growth and the chance to shape insurance solutions in the East London area through a flexible hybrid working model.

Key Responsibilities

• Evaluate and refine existing insurance policy wording for clarity, accuracy, and competitive positioning.
• Research industry best practices, regulatory changes, and emerging risks to inform policy enhancements.
• Draft new policy provisions and endorsements, ensuring compliance and alignment with strategic goals.
• Work closely with underwriting, claims, legal, and actuarial teams to gather input and ensure policy effectiveness.
• Develop clear documentation and training materials for internal teams regarding policy changes.
• Analyze policy performance data to identify areas for improvement and innovation.

Requirements

• Minimum of 3 years of experience in insurance policy analysis, product development, or a comparable role.
• Solid understanding of insurance contracts, principles, and various lines of business.
• Exceptional research, analytical, and written communication skills.
• Experience in policy drafting and a keen eye for detail.
• Familiarity with insurance regulations and compliance requirements.
• A relevant tertiary qualification is advantageous.

Benefits

• Competitive salary and potential for annual performance bonuses.
• Flexible hybrid work arrangements to support work-life balance.
• Comprehensive health, dental, and retirement benefits.
• Opportunities for continuous learning and professional development.
• A collaborative team environment in our East London offices.