Insurance Product Analyst
Job Summary
Established in 2021, Independence Pet Holdings is a corporate holding company managing a diverse portfolio of pet health brands and services. The role of Product Analyst involves influencing the performance, competitiveness, and regulatory strength of pet insurance portfolios.
Key Responsibilities
Portfolio Performance Analysis — Analyze product and portfolio P&L, including earned premium, loss ratios, frequency/severity trends, rate adequacy, and underwriting performance to identify profit and growth opportunities.
Insurance KPI Reporting — Develop and enhance reporting tools that support carrier and MGA decision-making, including dashboards for rate actions, retention, claims trends, and regulatory performance.
Product & Rating Expertise — Serve as a subject matter expert on pet insurance contracts, rating structures, underwriting guidelines, and state-specific product variations.
Data Integrity & Analysis — Work with structured data from multiple systems (policy admin, claims, rating engines, distribution partners) to generate accurate, actionable insights.
Ad Hoc Insurance Analysis — Conduct deep-dive analyses on emerging issues such as loss spikes, rate need, regulatory changes, or underwriting leakage.
Underwriting & Actuarial Collaboration — Partner with Actuarial and Underwriting to evaluate rate indications, monitor product performance, and support filings, forms updates, and pricing changes.
Product Monitoring & Compliance Support — Support ongoing product maintenance, including monitoring regulatory requirements, state variations, and DOI-related impacts on product strategy.
Strategic Portfolio Consultation — Provide recommendations on product strategy, pricing actions, underwriting adjustments, and market opportunities based on analytical trends.
Requirements
Bachelor’s degree in a relevant field or equivalent work experience.
2+ years of experience in P&C or pet insurance analytics, pricing, product management, or underwriting.
Strong understanding of insurance KPIs (loss ratio, combined ratio, rate adequacy, retention, frequency/severity).
Proficiency with analytical tools such as SQL, SAS, R, Python, and visualization platforms like Power BI or Tableau.
Experience working with insurance data sources (policy admin systems, claims data, rating engines, underwriting rules).
Ability to communicate complex insurance concepts to both technical and non-technical audiences.
Strong organizational skills with the ability to manage multiple priorities in a fast-paced environment.
Benefits
Comprehensive full medical, dental and vision Insurance
Basic Life Insurance at no cost to the employee
Company paid short-term and long-term disability
12 weeks of 100% paid Parental Leave
Health Savings Account (HSA)
Flexible Spending Accounts (FSA)
Retail savings plan
Personal Paid Time Off
Paid holidays and company-wide Wellness Day off
Paid time off to volunteer at nonprofit organizations
Pet friendly office environment
Commuter Benefits
Group Pet Insurance
Employee Assistance Program (EAP)