Product Analyst

American Integrity Insurance Company; Tampa (FL); On-site; USD 80,000 - 110,000; Full time

Job summary

American Integrity Insurance Company in Tampa, Florida is seeking a Product Manager with 3-5 years of experience in the Property Casualty field. The role involves developing product manuals, analyzing insurance forms for compliance, and conducting market analysis to inform pricing strategies.

The ideal candidate will have a Bachelor’s Degree and strong data analysis skills, particularly in tools like SQL and Excel. This role is crucial for supporting new products and ensuring adherence to state regulations.

Qualifications

• Bachelor’s Degree or equivalent relevant experience.
• Three to five years of product management experience in Property Casualty.
• Experience in data analytics and interpretation.

Responsibilities

• Develop product rate/rule manuals for compliance with state regulations.
• Perform analysis of existing forms for effectiveness.
• Research and analyze competitive market data.
• Create and maintain profiles of major competitors.
• Support department with data extraction and analysis.

Skills

Ability to analyze data and develop strategic recommendations

Strong organizational skills, including time management

Proven knowledge of insurance concepts

Strong computer spreadsheet and database skills

Excellent Excel skills

Education

Bachelor’s Degree (B.A. or B.S.)

Tools

COGNOS

Access

SQL

Job description

Responsibilities

• Develop/revise product rate/rule manuals and forms as part of state product strategies or state compliance, for filings with State Office of Insurance Regulation (OIR).
• Control all insurance policy forms and maintain Forms Matrix.
• Perform analysis of existing forms and manuals on a regularly scheduled basis for effectiveness.
• Research statutory changes and provide management with requirements.
• Negotiate approval of forms filings with OIR.
• Research and analyze external information sources to provide updated, accurate competitive analysis including rates, guidelines and forms.
• Provide Market Analysis - create and maintain rates and profiles of major competitors. A complete market basket analysis of rate position by territory/zip code on a number of different risk profiles. Keep up to date of competitor filings and rate levels through OIR website.
• Support department by extracting data from data warehouse, validating accuracy of data and setting up and performing analysis as needed.
• Analyze and report on loss trends, cancellations, retention, attrition, NB production, NB quality, PIF quality and any other ad-hoc requests.
• Provide input on pricing, reserving and risk management strategies.
• Identify and resolve rating discrepancies.
• Help prepare quarterly and annual financial submissions
• Process accurate and well documented business requirements for all changes.
• Test changes for accuracy and document discrepancies.
• Follow-up to ensure corrections are made timely and accurately.
• Independently work on supporting new products and features.
• Review and recommend procedure changes. Develop documentation and implementation processes for changes as needed.
• Perform all responsibilities using established quality control procedures and checklists.

Education

Bachelor’s Degree (B.A. or B.S.); or related experience and/or training; or combination of education and experience.

Experience

Three (3) to five (5) or more years of product management experience working in Property Casualty field required. Data Analytics and experience in data extraction and interpretation preferred.

Knowledge & Skills

• Strong ability to read, analyze, and interpret governmental regulations, technical procedures, insurance business periodicals/circulars, and professional journals.
• Ability to analyze data and develop strategic recommendations.
• Strong organizational skills, including time management.
• Experience in group presentations and project management.
• Demonstrated skills or past achievement to obtain desired results.
• Proven knowledge of insurance concepts, insurance contract interpretation & layout, principles and practices preferred.
• Strong computer spreadsheet and database skills: COGNOS, Access, and SQL, preferred. Excellent Excel skills required.
• Demonstrated ability to learn additional software applications as required.
• Ability to present ideas and information in a clear, concise, organized and diplomatic manner; gather information from multiple parties to ensure all perspectives are heard and considered; listen to others to respond effectively to ideas, thoughts and questions; express information and ideas effectively in settings including aligned or un-aligned feedback to obtain desired results.