Our Client is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premiums well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one the largest Insurance Groups in the world.
The Product Analyst will provide essential analytical support to the State Product Management team, focusing on personal lines insurance (auto and home). This role involves deep collaboration with Actuarial and Data Science teams to evaluate, implement, and monitor product changes. The ideal candidate will possess a strong technical background, a good understanding of actuarial principles, and excellent communication skills to interface with cross-functional teams and regulatory bodies.
Essential Job Functions:- Perform detailed analysis using data correlation and statistical techniques to identify patterns and insights.
- Develop and structure information from various internal data sources; create and refine programs for data extraction from company databases.
- Conduct primary market research including customer, competitor, distribution, and insurance department surveys.
- Prepare analysis on loss experience, retention, and expenses to support pricing and rate-making decisions.
- Analyze and summarize competitor rate filings and extract manual data for comparative purposes.
- Build and maintain analytical tools and dashboards (e.g., Excel, PowerBI, Python/R) to compare territory rate positions relative to peers.
- Collaborate with state offices and cross-functional teams to support rate proposals and marketing plans.
- Prepare regulatory filing exhibits and respond to data inquiries from insurance regulators.
- Identify emerging market segments and recommend specialized pricing strategies.
- Define system requirements for implementation of approved changes and enhancements.
- Track and report on key performance indicators of state performance and strategic initiatives.
- Support team initiatives and facilitate collaboration across the organization.
- Perform other job-related duties as assigned.
RequirementsQualifications & Experience Requirements:
- Minimum 3 years of experience in a similar role, or 1 year in a Product Analyst II position.
- English proficiency
- Prior experience in an actuarial or product analyst capacity at a personal lines insurance company strongly preferred.
- Bachelor's degree in actuarial science, Data Science, Statistics, Mathematics, Economics, or related field.
- Solid understanding of actuarial principles, insurance ratemaking, and financial modeling.
- Tools:
- Excel (Intermediate to Advanced)
- SQL (Intermediate)
- PowerBI (Intermediate)
- Python and/or R (Intermediate)
- Microsoft Office Suite
- Knowledge:
- Personal Lines Insurance (Auto & Home)
- Insurance Product Development & Pricing
- Competitor Research and Benchmarking
- Regulatory Filing Processes
Benefits
This position comes with competitive compensation and benefits package:
- Competitive salary and performance-based bonuses
- Comprehensive benefits package
- Career development and training opportunities
- Flexible work arrangements (remote and/or office-based)
- Dynamic and inclusive work culture within a globally reknowned group
- Private Health Insurance
- Pension Plan
- Paid Time Off
- Training & Development
About Capgemini
Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of over 340,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group €22.5 billion in revenues in 2023.
https://www.capgemini.com/us-en/about-us/who-we-are/
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What We Do
Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of 270,000 team members in nearly 50 countries. With its strong 50 year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2020 global revenues of €16 billion.
