P&C Insurance Product Analyst

Alchemy Insurance Solutions, LLC; Pennsylvania; Remote; USD 60,000 - 80,000; Full time

Job summary

An innovative firm in the insurance sector is seeking a skilled Insurance Product Analyst. This role involves leading the development of insurance policies and rating models while ensuring compliance with regulatory standards. You'll collaborate with cross-functional teams to create products that deliver value and maintain profitability. If you have a strong background in insurance product development and a passion for analytics, this position offers a unique opportunity to shape a growing insurance platform within a dynamic and collaborative environment. Join us and contribute to our mission of tailored insurance solutions!

Benefits

Competitive compensation and benefits package

Professional development opportunities

Collaborative company culture

Opportunity to lead and shape a growing platform

Qualifications

• 2-4 years experience in insurance product development or underwriting.
• Strong analytical skills with knowledge of policy structures and rating methodologies.

Responsibilities

• Develop and refine insurance policies and coverage structures.
• Conduct analysis of policy performance and collaborate with underwriting teams.

Skills

Insurance Product Development

Policy Design

Rate Modeling

Analytical Skills

Communication Skills

Education

Bachelor's Degree in a relevant field

Tools

Excel

SQL

Rating Engines

Job description

Alchemy Insurance Solutions, LLC provided pay range

This range is provided by Alchemy Insurance Solutions, LLC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$60,000.00/yr - $80,000.00/yr

Human Resources Professional at Cornerstone Insurance Producers, LLC

JOB DESCRIPTION

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TITLE: Product Analyst

REPORTS TO: Director of Product & Underwriting

FLSA: Exempt

Location: Remote

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Company Overview: Alchemy Insurance Solutions, 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.

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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.

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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. 2-4 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.

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.

The noise level in the work environment is usually moderate.

Disclaimer

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. This document does not create an employment contract, implied or otherwise, other than an “at will” relationship.

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.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Research, Analyst, and Information Technology

Industries

Insurance Agencies and Brokerages