Remote Insurance Policy Analyst

Placements24; Kempton Park; Remote; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Remote work

Job summary

Placements24 is seeking a skilled Remote Insurance Policy Analyst to join a growing virtual team. The role focuses on analyzing, developing, and maintaining insurance policies across lines of business in a remote-first environment.

You will translate complex insurance concepts into clear policy language, support sales and underwriting, and drive product portfolio strategy while working autonomously from a remote setting.

Qualifications

• Bachelor's degree in Insurance, Finance, Law or related field.
• Minimum of 4 years of experience in insurance policy analysis, underwriting, or product development.
• In-depth understanding of insurance principles across lines (property, casualty, life).
• Exceptional analytical and problem-solving skills.
• Strong written and verbal communication with clear policy language.
• Proficiency in data analysis tools and standard office software.
• Demonstrated ability to work independently in a remote setting.
• Knowledge of South African insurance regulations is advantageous.
• Experience with regulatory compliance and risk management.
• Attention to detail and accuracy.

Responsibilities

• Analyze existing insurance policies to identify areas for improvement and ensure market competitiveness.
• Develop new insurance policy wordings, endorsements, and related documentation.
• Ensure compliance with all relevant local and national insurance regulations.
• Conduct market research and competitor analysis to inform product development.
• Collaborate with legal, actuarial, and underwriting teams to refine policy language.
• Provide expert advice to internal stakeholders regarding policy interpretation and application.
• Assist in training sales and customer service teams on policy features.
• Monitor policy performance and recommend adjustments based on data and market feedback.
• Maintain a comprehensive knowledge base of insurance products and regulatory changes.
• Participate in cross-functional projects related to product innovation and enhancement.

Skills

Analytical

Communication

Data analysis

Policy drafting

Education

Bachelor's degree in Insurance

Bachelor's degree in Finance

Bachelor's degree in Law

Job description

About the Role

Our client is looking for a skilled and detail-oriented Remote Insurance Policy Analyst to join their growing virtual team. This position is crucial for analyzing, developing, and maintaining insurance policies across various lines of business. As a remote-first role, you will leverage your expertise to ensure our policies are competitive, compliant, and profitable. You'll be a key player in shaping our product offerings and providing essential support to our sales and underwriting teams. This role demands a proactive approach to research and an ability to translate complex insurance concepts into clear, concise policy language. You will have the autonomy to manage your workflow and collaborate effectively with colleagues located across different regions. We are committed to fostering a connected and productive remote work environment, ensuring all team members feel supported and engaged. Your contributions will directly impact the strategic direction of our product portfolio and the overall success of the business. This is an excellent opportunity for an experienced analyst seeking a fully remote position within the thriving insurance industry.

Key Responsibilities

• Analyze existing insurance policies to identify areas for improvement and ensure market competitiveness.
• Develop new insurance policy wordings, endorsements, and related documentation.
• Ensure compliance with all relevant local and national insurance regulations.
• Conduct market research and competitor analysis to inform product development.
• Collaborate with legal, actuarial, and underwriting teams to create and refine policy language.
• Provide expert advice and support to internal stakeholders regarding policy interpretation and application.
• Assist in the training of sales and customer service teams on new and existing policy features.
• Monitor policy performance and recommend adjustments based on data and market feedback.
• Maintain a comprehensive knowledge base of insurance products and regulatory changes.
• Participate in cross-functional projects related to product innovation and enhancement.

Requirements

• Bachelor's degree in Insurance, Finance, Law, or a related field.
• Minimum of 4 years of experience in insurance policy analysis, underwriting, or product development.
• In-depth understanding of insurance principles and various lines of insurance (e.g., property, casualty, life).
• Exceptional analytical and problem-solving skills.
• Strong written and verbal communication skills, with the ability to draft clear and precise policy language.
• Proficiency in data analysis tools and standard office software.
• Demonstrated ability to work independently and manage time effectively in a remote setting.
• Knowledge of South African insurance regulations is highly advantageous.
• Experience with regulatory compliance and risk management.
• Strong attention to detail and commitment to accuracy.

Benefits

• As a fully remote position, our client offers flexibility and the convenience of working from home.
• Benefits include a competitive salary, comprehensive health and wellness programs, performance-based bonuses, and opportunities for continuous professional development.
• We provide a generous annual leave allowance and support for home office setup.
• Employees also have access to online learning platforms and virtual team-building activities to foster a strong sense of community.
• This role allows for significant autonomy and career growth within a forward-thinking insurance organization.
• We are dedicated to creating an inclusive and supportive remote work culture.
• This role is based out of Tembisa, Gauteng , but operates entirely remotely.