Job Brief
The Insurance Analyst plays a pivotal role in assessing individual insurance applications to evaluate the degree of risk associated with potential policyholders. This position requires a keen analytical mindset and strong attention to detail to determine the acceptance of applications while ensuring compliance with industry standards. The ideal candidate will possess a background in risk assessment, data analysis, and insurance underwriting, with proven experience in evaluating complex insurance proposals.
Responsibilities
- Review and analyze insurance applications to assess risk factors and determine eligibility.
- Utilize statistical models and software to evaluate data trends and predict potential losses.
- Collaborate with underwriters and other stakeholders to formulate risk assessment strategies.
- Prepare detailed reports outlining risk evaluations and recommendations for approval or denial.
- Stay updated on industry regulations and best practices to ensure compliance in all assessments.
- Conduct research to identify emerging risks and trends within the insurance market.
- Assist in developing and improving underwriting guidelines based on analytical findings.
- Provide exceptional customer service by communicating decisions and rationale to applicants effectively.
Requirements
- Bachelor’s degree in Finance, Business Administration, Risk Management, or a related field.
- Proven experience in insurance analysis, underwriting, or risk management.
- Strong analytical skills with proficiency in data analysis tools and software.
- Excellent communication and interpersonal skills for effective collaboration.
- Ability to interpret complex data sets and make informed decisions.
- Familiarity with industry regulations, compliance standards, and best practices.
- Professional certification such as Chartered Property Casualty Underwriter (CPCU) is a plus.
- Detail-oriented with strong organizational and time management abilities.
Similar Job Titles
- Risk Analyst
- Underwriting Analyst
- Insurance Risk Specialist
- Insurance Underwriter
- Claims Analyst
- Insurance Appraiser
- Insurance Consultant
- Loss Control Analyst
