Century Insurance Group · 2 days ago
Product Development Analyst I- P&C - Westerville, OH
Westerville, OH
Full-time
Onsite
Mid Level
$57K/yr - $95K/yr
3+ years expCentury Insurance Group is seeking a Product Development Analyst I who will oversee and develop new and updated products in collaboration with various departments. The role involves reviewing policy forms, ensuring compliance, and maintaining documentation for Specialty Lines products.
Building MaterialFinancial ServicesReal Estate
Hiring Manager
Trish Mylek
Responsibilities
Coordinating the Product Development process for Specialty Lines, including:
Reviewing current policy forms and endorsements to analyze and identify unforeseen or unanticipated liabilities
Reviewing forms for new products to identify gaps and limitations in proposed policy language
Researching legal and statutory requirements by state for new and existing products
Maintains the historical record of Specialty Lines forms and collaborating with Corporate Underwriting to update and maintain the AF Group Forms Library for Specialty Lines
Collaborating with Underwriting and Claims to ensure consistency in policy language and claim-
Handling. This Includes
Working with Claims to ensure underwriters are kept apprised of potentially unforeseen or unanticipated liabilities due to policy form and endorsement language, as well as emerging claim and legal trends
Prepares draft forms and revisions for existing products and exposures for presentation to Leadership
Communicating the publishing of new or updated policy forms and endorsements to floor underwriters
Coordinating Underwriting compliance for all Specialty Lines, including:
With Management, responding to the states regarding Underwriting and Compliance complaints
Reviewing bulletins and circulars from trade organizations and the states to assess for applicability to Specialty Lines products and processes and referring as necessary
Keeping abreast of external industry developments, including in the legislative and judicial arenas. This includes:
Assisting in the review ISO, AAIS and other bureau-driven circulars and products. Referring recommended form and product changes to Management to align with AF Group’s strategic direction across Specialty Lines organizations
Product Development and Product Compliance
Reviewing recommended form and product changes to align with Specialty Lines strategic direction, recommend implementation options, and lead prioritization of coverage enhancements across the Division
Preparing, monitoring, drafting, and obtaining regulatory approval of rates, rules, and forms utilized by admitted products within Specialty Lines
With Management, developing responses to objections to admitted products within Specialty Lines
Qualification
Required
Bachelor's degree required
Three (3) to five (5) years of experience in P&C Underwriting, Product Management, or Product Development required
Extensive knowledge of insurance and underwriting environment across all lines of business (Casualty / Property – Admitted / Non-Admitted – Assigned Risk)
Ability to analyze and synthesize information for broad consumption
Technical acumen and the ability to command technical content for various audiences
Ability to effectively exchange information, in verbal or written form, by sharing ideas, reporting facts and other information, responding to questions, and employing active listening techniques
Ability to work effectively in a team environment and individually
Good communication (written and verbal), organizational, and planning skills
Preferred
CPCU or ARM preferred
Company
Century Insurance Group
Century Insurance Group is an insurance company that offers general liability, commercial property, and multi-peril insurance solutions.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Chris Intlekofer
Partner
Jason Epple
partner
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