Chubb - Philadelphia, PA
posted 2 months ago
The Senior Product Analyst for Small Business at Chubb will play a pivotal role in the management and development of the Business Owners Policy (BOP) and Umbrella product lines. Reporting directly to the Assistant Vice President of BOP and Umbrella, this position is integral to driving both top and bottom-line goals for these product lines. The analyst will engage in ongoing product management, which includes conducting in-depth analyses to formulate data-driven business recommendations for product modifications, rule adjustments, rate changes, and underwriting enhancements for both new and existing products. In collaboration with the AVP of BOP and Umbrella, the Senior Product Analyst will spearhead product line initiatives across various departments, including Underwriting, Regulatory, Marketing, Claims, Actuarial, IT, Government Affairs, and Legal. This cross-departmental collaboration is essential for ensuring that product offerings are competitive and compliant with regulatory standards. The responsibilities of this role extend to regular product maintenance, which encompasses managing regulatory changes, enhancing underwriting rules, updating loss costs, and incorporating ISO circular updates. The analyst will also drive product development efforts, focusing on coverage enhancements, segment expansions, and improvements to Chubb's online strategic quoting platform for Small Business. Additionally, the Senior Product Analyst will work closely with Underwriting, Actuary, and Portfolio Management teams to provide insights on state rate selections based on rate indications and product performance. The role requires active collaboration with stakeholders from claims, marketing, training, and customer experience to identify new product initiatives and opportunities. Furthermore, the analyst will be tasked with identifying, developing, and implementing process improvement strategies aimed at achieving financial objectives.