The Travelers Companies, Inc.

Sr Product Analyst, Coverage & Forms

Posted on Jul 28 627 views Hartford, CT


Company Information

Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Target Openings

1

Job Description Summary

Under moderate supervision, provides support for the development, analysis and maintenance of Personal insurance coverage forms, coverage rules, contracts and non-policy forms. May focus solely on non-policy forms. Assists with development of PI product and coverage strategies.

Primary Job Duties & Responsibilities

  • Assists with development of PI product and coverage strategies and product development initiatives in conjunction with National Underwriting and National Product Design/Strategy teams. May create and conduct formal presentations.
  • With minimal assistance and direction from others, implements product & coverage strategies through the creation and/or revisions of policy coverage forms, rules and contracts as well as non-policy forms. Drafts contract and forms language. Creates filing documentation and responses for Departments of Insurance.
  • With minimal direction, may create and/or revise non-policy forms including but not limited to the following: Option selection forms, important notices, Quote acceptance packages, Fillable forms, adverse decision letters and any other pertinent non policy forms.
  • Presents and seeks input from key stakeholders such as PI Legal and Claims to gain agreement and/or approvals of forms.
  • Conducts impact analysis, shares with other Product teams and executes changes to forms to comply with state laws and regulations.
  • Provides intermediate coverage analysis expertise & direction for policy and/or non-policy forms.
  • Conducts competitor coverage analysis to assist with coverage and forms strategies. Creates side-by-side coverage comparisons for filing documentations and other purposes.
  • Contributes to the development of PI coverage philosophy and processes, based on an intermediate understanding of property/casualty insurance and/or contracts. Understands the impact of such decisions on field constituents such agents, business centers, call centers, field sales and consumers.
  • Adheres to policy and non-policy form workflow processes and controls. Meets or exceeds quality and timeliness goals.
  • Develops communication, documentation, training and marketing materials to communicate coverage and/or non-policy forms information to internal and external customers. May also assist with training presentation.
  • Serves as a resource for Product Management/State Teams, Claims, Sales, Business Centers, and Underwriting staff for direction and training on the coverage intent and application of PI forms and contract language; provides clear and concise work products in the form of policy and/or non-policy forms, with detailed recommendations, explanations and rationale.
  • Performs accountabilities with intermediate understanding of the quote, issuance, and publishing systems to facilitate the development of policy and non-policy forms. Provides consultation on development of forms.

Minimum Qualifications

  • Bachelor’s degree in Liberal Arts or Business.
  • Minimum of 3 years of property casualty insurance with working knowledge and experience of policy and/or non-policy forms.
  • Intermediate knowledge of Microsoft office products (Excel, Word, PowerPoint).

Education, Work Experience, & Knowledge

  • 4 years of Personal Insurance experience in the areas of policy and/or non-policy form work.
  • Personal insurance forms/product development, claims or legal experience.
  • General knowledge and understanding of Personal Insurance products, systems, contracts, forms, coverage, distribution channels, regulatory environment and insurance financials.
  • Working knowledge of Microsoft Office Visio.
  • General knowledge of Impromptu or similar query tool. Ability to collect data from data marts or willingness and ability to develop these skills.

Licensing or Certificates

  • Preferred: matriculation in CPCU, IIA, or other recognized insurance designations (examples: CPCU, ARM, CIC).

Job Specific Technical Skills & Competencies

  • Leading the Business:
  • Intermediate leadership, innovation and initiating skills.
  • Results driven.
  • Intermediate understanding of regulatory & compliance issues as well as Department of Insurance filing processes.
  • Customer-focused orientation (agent and consumer).
  • Demonstrates intermediate understanding of Personal Insurance systems, coverage, rules and contracts and/or non- policy forms.
  • Leading Self:
  • Intermediate oral and written communication skills with ability to influence others. Includes creating and drafting forms.
  • Intermediate organization and time management skills. Attention to detail.
  • Intermediate ability to comprehend and communicate intent of contract language as well as interpret inter-relationships of coverages across contracts/forms.
  • Intermediate critical thinking and analysis skills to conceptualize, synthesize and resolve coverage, policy language and non-policy forms issues.
  • Intermediate ability to analyze and develop competitive information, understanding changing legal climate and make appropriate coverage recommendations.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer.