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Lead II

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

Verisk’s ISO Commercial Lines Product Development division is looking for a highly motivated Commercial Property Product Development team member who will conceptually and technically develop new and revised insurance programs in response to the changing business environment.

We look to this role for strategic thought leadership on Commercial Property, Inland Marine and Output Policy lines of business. You will use your understanding of coverages, markets, industries, legal and regulatory trends, our customers, and our competitors to gauge impacts on our insurance programs, provide actionable insights, and create new products and product enhancements. You will also collaborate with our product strategy leaders and compliance experts to react to emerging trends and create new insurance products and related information.

The better we know our customers, the better we can serve them. Customer focus will guide all aspects of your work. You will engage with customers and respond to their feedback with key developments while also developing products that anticipate their needs. This includes participating in panels and other customer forums, representing the products to customers, meeting with them individually and being a key customer resource. You may also represent us at industry conferences and with professional organizations, including preparing and giving presentations and authoring or co-authoring white papers or articles.

As part of a small staff of line-of-business experts you will collaborate with all stakeholders by inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners. You will:

  • Take an active role in the organization and development of property multi-state filings;
  • Organizing commercial property panel meetings including compiling, organizing and distributing agendas and minutes;
  • Facilitate legal review of product changes and enhancements; and
  • Work with the actuarial department as necessary.

Within Verisk, this person works regularly with other departments including the Actuarial department, Compliance, Government Relations, Operational Support and Publication Support.

Qualifications

  • Bachelor's degree or equivalent experience.
  • Minimum 5 to 10 years P&C insurance experience with strong knowledge of coverages in Commercial Property, Inland Marine and/or Output Policy lines of business required including robust knowledge of market, industry, and competitor trends.
  • Excellent development and analysis of policy forms required.
  • Proven research and analytical skills.
  • Pro-active problem solver.
  • Detail oriented.
  • Excellent verbal and written communication skills.
  • Comfortable presenting at industry events.
  • Experience building great internal or external customer relationships that focus on gaining actionable insights and forming collaborative partnerships with the goal of innovation, product improvement, or ease of use.
  • CPCU, other industry designations, or law degree a plus.
  • Some travel will be required

#LI-ZP1

#LI-Remote

Additional Information

In 2022, Verisk received Great Place to Work® Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We’re also one of the 38 companies on the UK’s Best Workplaces™ list and one of 18 companies on Spain’s Best Workplaces™ list.

For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we’ve grown to provide analytic insights that help transform industries focused on some of the world’s most critical areas. Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.

Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.

We’re 9,000 people strong, committed to translating big data into big ideas. We help others see new possibilities and empower certainty into big decisions that impact individuals and societies. And we relentlessly and ethically pursue innovation to help move our customers, and the world, toward better tomorrows.

Everyone at Verisk—from our chief executive officer to our newest employee—is guided by The Verisk Way, to Be Remarkable, Add Value, and Innovate.
• Be Remarkable by doing something better each day in service to our customers and each other
• Add Value by delivering immediate and sustained results that drive positive outcomes
• Innovate by redefining what’s possible, embracing challenges, and pushing boundaries

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

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

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

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

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the 7th consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce.  Verisk’s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.

Verisk Analytics is an equal opportunity employer.

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.

http://www.verisk.com/careers.html

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.

HR CCPA Privacy Notice.pdf

 

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What You Should Know About Lead II, Verisk

Join Verisk as a Lead II in our ISO Commercial Lines Product Development division, and be a part of something truly impactful! At Verisk, we're dedicated to inspiring change and revealing new possibilities for the insurance industry. In this role, you'll take charge of developing innovative insurance programs primarily focused on Commercial Property, Inland Marine, and Output Policy lines, ensuring they meet the evolving needs of our customers. Your strategic insights will help pave the way for new products and enhancements, fueled by your deep understanding of industry trends and regulatory standards. Collaboration is at the heart of what we do; you'll work closely with our product strategy leaders, compliance experts, and other departments to provide actionable insights that elevate our offerings. You’ll also engage directly with our customers, gathering feedback to guide our development efforts and representing Verisk at industry events. This role is perfect for someone who loves problem-solving and has a knack for building strong relationships. With your mix of experience in property and casualty insurance and excellent communication skills, you’ll help us bridge the gap between customer needs and product capabilities. If you're ready to innovate and have a tangible impact on the future of insurance, we want to hear from you!

Frequently Asked Questions (FAQs) for Lead II Role at Verisk
What are the responsibilities of a Lead II at Verisk?

As a Lead II at Verisk, your primary responsibilities include developing new and revised commercial property insurance programs, engaging with customers to gather feedback, and collaborating with internal teams to ensure our products align with market trends and regulatory requirements. You'll also be involved in organizing meetings, facilitating legal reviews of product changes, and representing Verisk at industry conferences.

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What qualifications are needed for the Lead II position at Verisk?

To qualify for the Lead II position at Verisk, you should have a bachelor's degree or equivalent experience, coupled with 5 to 10 years of experience in property and casualty insurance. A strong understanding of commercial property coverages and excellent analytical skills are essential, alongside experience in customer relations and effective communication. Additional qualifications like CPCU or a law degree are a plus.

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How does customer engagement work in the Lead II role at Verisk?

Customer engagement is a vital aspect of the Lead II role at Verisk. You will maintain close communication with clients, participating in forums and one-on-one meetings to understand their needs better. Your insights will directly inform product development, ensuring our offerings are not only relevant but also anticipate future customer requirements.

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What opportunities for professional growth does Verisk offer for Lead II employees?

Verisk offers numerous opportunities for professional growth for Lead II employees, including access to robust training programs, mentorship from industry experts, and the chance to participate in significant projects. Our inclusive and diverse work culture encourages innovation and helps you build a career that meets your aspirations.

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What is the work culture like at Verisk, particularly for the Lead II position?

Verisk boasts a vibrant work culture that values innovation, collaboration, and customer focus. As a Lead II, you'll work within a supportive environment that emphasizes teamwork and engagement, enabling you to contribute significantly while enjoying a balanced work-life atmosphere. We're committed to being a Great Place to Work, which you can feel in our practices and daily interactions.

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Common Interview Questions for Lead II
Can you explain your experience with developing insurance products?

In answering this question, detail your specific experience in insurance product development, highlighting any particular projects you led or contributed to. Discuss your approach to understanding customer needs, incorporating feedback, and any innovative solutions you implemented.

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How do you stay updated with the latest industry trends in commercial property insurance?

Talk about the resources you utilize, such as industry publications, professional networks, or conferences, to stay informed. Emphasize your proactive approach and your strategies for applying this knowledge to product development.

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Describe a time you faced a challenge in product development and how you overcame it.

Use the STAR method (Situation, Task, Action, Result) to frame your response. Focus on your problem-solving skills, collaboration with others, and how your actions led to a successful outcome.

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What strategies do you use for effective customer engagement?

Share your techniques for building relationships with customers, such as regular check-ins, facilitating forums, and actively seeking their input on products. Highlight a specific instance where customer engagement led to a product enhancement.

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How do you approach collaboration with cross-functional teams?

Discuss your experience working with various departments such as actuarial, compliance, and marketing. Provide examples of how you foster open communication and ensure everyone’s input is valued during projects.

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What do you consider the most critical regulatory trends affecting commercial property insurance today?

Talk about your insights into recent trends, such as changes in regulations that impact product offerings or risk assessment. Share your thoughts on how these trends shape product development strategies.

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How do you prioritize tasks in a fast-paced work environment?

Explain your methods for time management and prioritization, such as creating task lists, setting deadlines, and using project management tools. Highlight your ability to remain flexible and responsive to changing priorities.

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Can you give an example of how you’ve improved a product based on customer feedback?

Provide a specific example that demonstrates your ability to listen to customer input, analyze their feedback, and implement changes that led to measurable improvement in a product.

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What do you believe is the key to developing successful insurance products?

Share your thoughts on innovative thinking, strong market research, understanding customer needs, and staying agile in product development as essential elements in creating successful insurance products.

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Why do you want to work at Verisk as a Lead II?

Reflect on why the mission and values of Verisk resonate with you. Discuss your enthusiasm for contributing to a company that uses data to drive meaningful change in the insurance industry and how your skills align with the position.

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Passion for Exploration
Dare to be Different
Customer-Centric
Diversity of Opinions
Inclusive & Diverse

To be the leading strategic data, analytics and technology partner to the global insurance industry by delivering value to our clients through knowledge, expertise and scale.

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Full-time, remote
DATE POSTED
December 3, 2024

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