Auto-Owners Insurance - Lansing, MI
posted 2 months ago
Auto-Owners Insurance, a top-rated insurance carrier, is seeking a motivated individual to join our Underwriting department as a Product Development Analyst. This position is crucial for ensuring that our products remain competitive and compliant with industry standards. The successful candidate will be responsible for researching and analyzing competitor and industry standard products, comparing them to similar products offered by the Company. This involves a thorough examination of statutory compliance changes, new product offerings, and modifications to current coverage offerings, rules, and guidelines. If required, the analyst will create and present complex proposals based on their findings, ensuring that all recommendations are backed by solid research and analysis. In addition to research, the Product Development Analyst will plan and execute the introduction of new projects, analyzing the impact of these changes after project completion. This role also includes providing assistance in developing business specifications for approved new coverages and updates to existing products. The analyst will be tasked with developing new rule pages or updating existing ones in response to new coverage introductions or updates, which includes the development and revision of coverage details and eligibility criteria. Furthermore, the analyst will compile rule pages and forms to file with state insurance departments in affected states and will communicate and respond to any questions from these departments regarding submitted filings. The role requires the creation and presentation of training materials on various projects, as well as the analysis of complex loss experience and other statistical data of existing products from a usage and profitability perspective. The analyst will suggest improvements based on this analysis, contributing to the overall success and profitability of the Company’s product offerings. Maintaining punctual attendance in accordance with an assigned work schedule at a Company-approved work location is also a key expectation of this role.