Job details

Product Analyst Insurance

Capgemini is seeking a highly motivated and detail-oriented Product Analyst to join our team to work for a top 10 US Insurance Carrier.

This role is responsible for developing the tools necessary for Personal Lines rate revisions, including auto, home, and umbrella insurance. The candidate must understand Personal Lines products and rating structures, historical rate changes, and state-specific information. Additionally, the role requires excellent technical skills and keen attention to details.

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.

English fluency is required
Bachelor's degree in Finance, Statistics, or related is required
Knowledge in insurance industry is required
1 to 3 years of experience working with SAS/SQL, Excel skills (Intermediate), Power BI:

Data Analysis: Ability to pull and analyze data from different sources to make sound recommendations in support of the financial health of the business.
Industry and Product Knowledge: Demonstrates a solid grasp of property and casualty insurance knowledge including product composition, coverages and exposures, rating methodology, and general underwriting philosophy.

Preferable:

Competitor Intelligence: Complete and maintain competitor and marketplace analysis. Determines rate need at the state level based on indications, trends and competitor data
Python skills
Product Strategy and Roadmapping: Coordinates inputs from customers, developers, market, and competitive information and translates them into product development efforts. Develops profitable short and long-term strategies by ownership of product composition, appetite exposure management and eligibility refinement
Profit and Loss Management: Ability to balance the profit and growth goals for line of business countrywide. Works closely with Actuarial partners on indications, loss trend, and rate filings. Experience with pricing models/class plans. Post implementation measurement and monitoring of initiatives. Influences expenses and profit plans for the line of business.

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 renowned group
Private Health Insurance
Pension Plan
Paid Time Off
Training & Development

Capgemini Glassdoor Company Review

3.7

Capgemini DE&I Review

4.1

CEO of Capgemini

Aiman Ezzat

Approve of CEO

Average salary estimate

$80000 / YEARLY (est.)

min

max

$70000K

$90000K

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What You Should Know About Product Analyst Insurance, Capgemini

Capgemini is on the lookout for an enthusiastic and detail-oriented Product Analyst to enrich our team, working for one of the top 10 US Insurance Carriers. If you're excited about leveraging your analytical skills in the insurance space, this role is perfect for you! As a Product Analyst, your primary responsibility will involve developing essential tools for Personal Lines rate revisions, touching areas like auto, home, and umbrella insurance. You'll need a solid understanding of Personal Lines products and their rating structures, as well as an eye for historical rate changes and state-specific nuances. With your excellent technical abilities and keen attention to detail, you'll help shape our client's offerings, a company renowned for serving over 10 million U.S. households with 19 million individual policies across all states. The ideal candidate will have a Bachelor’s degree in Finance, Statistics, or a related field, along with 1 to 3 years of experience using SAS/SQL and Excel. If you have Python skills and a knack for competitor intelligence, this will give you a leg up! Prepare to balance profitability with growth goals across different lines of business, tightly collaborating with Actuarial partners on insights and rate filings. Plus, Capgemini offers a competitive salary, performance-based bonuses, and a fantastic benefits package, including flexible work arrangements and continuous training opportunities. Ready to make an impact? Join us and help create compelling insurance products that make a difference!

Frequently Asked Questions (FAQs) for Product Analyst Insurance Role at Capgemini

What are the responsibilities of a Product Analyst Insurance at Capgemini?

As a Product Analyst Insurance at Capgemini, your key responsibilities will include developing tools for Personal Lines rate revisions and analyzing data from various sources to make insightful recommendations. You'll need to have a solid understanding of product composition, coverages, and general underwriting philosophies within the insurance industry.