Product Development Analyst

Location: Dearborn, MI
Product Development Analyst
Our client provides membership, travel, insurance and financial services offerings to approximately 9 million members and customers across 11 states and 2 U.S. territories through their brands.
Primary Duties and Responsibilities:
Researches and performs quantitative/qualitative analysis on existing and emerging insurance markets, products and competitors.  Develops new property/casualty insurance product lines in response to analysis.  Analyzes and refines existing property/casualty insurance products to enhance the Auto Club Group’s (ACG) market competitiveness and address business/market issues.  Develops and implements property/casualty insurance programs, standards and procedures.  Participates in the implementation of new products, programs, standards or procedures.  Supports Property/casualty insurance training programs.  Provides support to project teams.
Analyzes industry legislation and keeps current on new trends and developments that affect property/casualty insurance products/programs.  Researches, develops and reviews insurance related communications, bulletins and memos for corporate/field sales personnel.
Required Qualifications:
Bachelor’s degree in Business Administration, Mathematics, Actuarial Science or an insurance specific field or college level coursework and experience in at least two of the following areas:
  • Researching and developing new property/casualty insurance products
  • Developing property/casualty insurance programs, standards, and procedures
  • Pricing new/current property/casualty insurance products
  • Adjusting personal lines property/casualty claims
  • Underwriting property/casualty insurance products
  • Marketing or sales of property/casualty insurance products
Knowledge of:
  • Property/casualty insurance policy forms and language for major and specialty personal lines products
  • Regulations, policies and procedures of various state insurance regulatory agencies
  • The role of other departments involved in program development and implementation
  • Reinsurance principles
  • ISO or similar rating bureau system
  • PC software applications
Ability to:
  • Communicate effectively with others in a work environment
  • Deliver oral and written presentations to other departments
  • Represent the department on inter-departmental teams
  • Analyze current products to revise/develop new property and casualty and membership insurance related programs
  • Conduct quantitative and qualitative market research
Preferred Qualifications:
  • CPCU, IIA, LOMA or other insurance-related coursework.
  • Experience in developing/enhancing personal lines property/casualty products, including policy contract language work
April A. Estes
Senior Recruiter
720-439-2609 Direct
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