Insurance Product Development Analyst (General Liability/Commercial) (hybrid/remote)

Reposted 24 Days Ago
Be an Early Applicant
Hiring Remotely in Jersey City, NJ, USA
Remote or Hybrid
20K-200K Annually
Junior
Analytics
The Role
The role involves drafting policy language, developing rules for insurance products, reviewing regulations, and collaborating with various stakeholders in product development, ensuring compliance and product quality.
Summary Generated by Built In

As part of the Product Development team for commercial general liability, commercial liability umbrella, and medical professional liability, you will participate in the technical development of new and revised insurance programs in response to the ever-changing business environment for these and other lines of business. Your focus will be on customer satisfaction, product quality, relevance and timeliness.

Responsibilities

•    Review state and national laws, insurance department bulletins and regulations, and case law for impact on both the current ISO products and our insurers procedures.
•    Leverage insurance expertise and research skills to provide timely, thoughtful responses to insurer inquiries over a wide range of insurance topics.
•    Develop policy language and manual rules that provide valuable insurance enhancements and guide insurers in issuing and rating policies.
•    Learn to develop and present items to panels of insurers on emerging trends.
•    Through collaboration with others, identify potential revisions and solutions to bring product revisions to market.
•    Collaborate with stakeholders across Verisk including the Law Department, Government Relations and Actuarial, inviting perspectives, contributions, and partnerships within the team, the unit, the company, our customers and business partners.

Qualifications

•    Bachelor's degree preferred, or equivalent insurance experience with a minimum of at least two years P&C insurance experience involving analyzing and development of forms, rules, and/or rating preferred.
•    Excellent verbal and written communication skills and attention to detail. 
•    Strong organization, research and analytic skills.
•    Ability to both work independently and collaborate in a team environment.
•    Knowledge of ISO commercial general liability insurance line procedures is a plus.
•    CPCU exam study or completion is a plus.

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About Us

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, the fourth consecutive year in the UK, Spain, and India, and the second consecutive year in Poland. In addition, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

 Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Catastrophe and Risk Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events.

Marketing Solutions — delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

Verisk Employee Privacy Notice

Skills Required

  • Bachelor's degree or equivalent insurance experience
  • At least two years P&C insurance experience
  • Excellent verbal and written communication skills
  • Knowledge of ISO commercial general liability insurance line procedures
  • CPCU exam study or completion

Verisk Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Verisk and has not been reviewed or approved by Verisk.

  • Retirement Support A strong company 401(k) match is specified, with additional references to profit‑sharing. Together these create a solid foundation for long‑term savings.
  • Healthcare Strength Medical, dental, vision, HSA/FSA, and life and disability coverage are described positively. Mental‑health support and broader well‑being programs are also highlighted.
  • Leave & Time Off Breadth Generous PTO and paid holidays are noted alongside flexible/remote work options and volunteer time. Companywide well‑being days further expand time‑off options.

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The Company
HQ: Jersey City, NJ
2,129 Employees
Year Founded: 1971

What We Do

Verisk is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Our team of nearly 9,000 helps customers make crucial decisions every day about risk—with greater precision, efficiency, and discipline.

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