Product Development Analyst

Company: California Casualty
Location: Colorado Springs
Posted on: June 23, 2022

Job Description:

OverviewPrepares and submits rate, rule and form filings to state regulatory agencies. Identifies and develops new coverages and updates to policy forms, creating pertinent customer communications explaining changes. Evaluates and analyzes competitor strategies.Responsibilities

• 30% Product Development: Conducts research; identifies and recommends product revisions or new product offerings; reviews proposals. Develops and implements new or revised coverage forms in response to company initiatives, ISO personal lines program coverage changes, law changes and DOI bulletins and notices. Analyzes and prepares comparisons of current to new / revised auto and property products to develop corporate and policyholder communications.
• 50% Regulatory Filings: Prepares and submits rate, rule and form filings to state Departments of Insurance. Ensures compliance with all relevant legal and regulatory requirements. Maintains secure archival of company documents. Updates filing logs and ensures filing status deadlines are met.
• 10% Product Compliance: Monitors changes to state laws and regulations that may affect the coverage or products offered in each state. Identifies and communicates appropriate action needed to ensure compliance.
• 5% Competitive Intelligence: Evaluates and reports on competitor activities and strategies, focusing on product changes, coverages and services.
• 5% Other Duties as Required: Other duties as required: Job may require fulfilling other incidental or related duties as assigned, assisting and training others, and performing duties of higher rated positions from time to time for developmental purposes.QualificationsEducation:
  • High school diploma or equivalent required.
  • BA/BS in the fields of business, political science or related is preferred.Industry Experience:
    • 3+ years of insurance industry experience, preferably in personal lines product development.Certifications:
      • CPCU, PLCS, or API preferred.The pay range for this position in Colorado is $57,135 - $71,624 per year, however, base pay offered may vary depending on job-related knowledge, skills and experience. The company also offers a full range of medical, financial and other benefits, including paid time off such as holidays, vacation, sick and personal days.

Keywords: California Casualty, Colorado Springs , Product Development Analyst, Professions , Colorado Springs, Colorado