P& C Insurance Product Analyst

Alchemy Insurance Solutions, LLC; Lancaster (Lancaster County); On-site; USD 60,000 - 100,000; Full time

Job summary

Join a dynamic and entrepreneurial company as a P&C Insurance Product Analyst. In this pivotal role, you'll lead the development of innovative insurance policies and rating models, ensuring they meet market demands and regulatory standards. Collaborate with cross-functional teams to deliver value to clients while maintaining profitability. This is a unique opportunity to shape a growing MGA insurance platform, offering competitive compensation and professional development in a fast-paced environment. If you have a passion for insurance and a knack for analytical thinking, we want to hear from you!

Benefits

Competitive compensation

Professional development opportunities

Collaborative company culture

Qualifications

• 3+ years in insurance product development with a focus on policy design.
• Strong analytical skills with experience in SQL and data analysis tools.

Responsibilities

• Design insurance policies and coverage structures tailored to market needs.
• Conduct analysis of policy performance and collaborate with underwriting teams.

Skills

Policy Design

Rate Modeling

Analytical Skills

SQL

Communication Skills

Education

Bachelor's Degree in Business or related field

Tools

Excel

Rating Engines

Job description

Join to apply for the P& C Insurance Product Analyst role at Alchemy Insurance Solutions, LLC.

Company Overview

Cornerstone Insurance Producers, LLC is a specialty MGA focused on underwriting niche & customizable programs tailored to fit market needs and capacity demands. We offer a full suite of insurance services with a proven distribution strategy designed around long-term profitable growth.

Position Overview

The Insurance Product Analyst will lead efforts to develop and refine insurance policies, raters, and coverage structures that meet market demands and regulatory standards. This role requires a deep understanding of insurance coverage, policy design, and rate modeling. The ideal candidate will collaborate with cross-functional teams to ensure our products deliver value to clients while maintaining profitability and compliance.

Key Responsibilities

1. Design and develop insurance policies, endorsements, and coverage structures tailored to market needs and client demands.
2. Build and maintain rating models to ensure pricing accuracy and competitiveness while meeting profitability targets.
3. Conduct comprehensive analysis of policy performance, identifying trends and areas for improvement in coverage design and rate structures.
4. Collaborate with underwriting teams to refine guidelines and ensure alignment with product objectives.
5. Ensure all policies and raters comply with applicable regulatory standards and filing requirements.
6. Provide expertise on insurance coverage terms and conditions to internal teams, including underwriting, sales, and marketing.
7. Contribute to digital transformation initiatives by defining technology needs for rating tools, policy administration systems, and related platforms.
8. Conduct in-depth market research and competitive analysis to identify industry trends, customer needs, and opportunities for product differentiation and growth.
9. Support training efforts by creating clear documentation and resources for internal teams and distribution partners.

Qualifications

1. 3+ years of experience in insurance product development, underwriting, or related roles with a strong focus on policy and rater design.
2. In-depth understanding of insurance coverage terms, policy structures, and rating methodologies.
3. Strong analytical skills with experience working with rating engines, Excel, SQL, or other data analysis tools.
4. Knowledge of regulatory requirements and experience preparing filings for insurance products is a plus.
5. Exceptional communication skills, with the ability to explain complex coverage concepts clearly to diverse audiences.
6. Experience with technology platforms for policy and rating management is a plus.

Why Join Us?

1. Opportunity to lead and shape a growing MGA insurance platform.
2. Collaborative and entrepreneurial company culture.
3. Competitive compensation and benefits package.
4. Professional development opportunities within a dynamic, fast-paced environment.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Research, Analyst, and Information Technology
• Industries: Insurance Agencies and Brokerages