Actuarial Associate - Farmowners

We are looking for an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners.

The Businessowners Product team is responsible for Businessowners and Farmowners. The team is responsible for analyzing and creating pricing for new and emerging insurance risks; performing deep dives into pricing methodologies with the goals to enhance and innovate pricing of existing products and coverages; leading efforts in secure filing of pricing changes; providing supports for filings of coverage changes; and maintaining customer focus in all their work.

The successful candidate will enjoy identifying and solving complex actuarial problems, be comfortable working with team members on high-profile projects and own part of the processes, and have the ability to explain work in non-technical contexts to internal and external customers. 

The role will focus on supporting the Farmowners program. This will include ratemaking and loss cost reviews as well as general product support and enhancements. Familiarity with Farmowners insurance or similar coverages is strongly preferred. The ideal candidate will also have an understanding of coverage forms and language, rating rules, and the insurance market.

In addition, this person will work closely with our coverage team and may represent Farmowners supporting cross-LOB initiatives and Reimagine initiatives.

Responsibilities:

• Work on projects independently or in collaboration with other functional areas that target on developing enhancements and innovations to actuarial products and procedures for the ISO Farmowners program

• Collaborate closely with other ISO divisions on new products that may be actuarial or underwriting focused

• Maintain a high level of customer engagement through product presentations and responses to customer inquiries

• Provide actuarial analyses in supporting, maintaining and enhancing existing Farmowners actuarial products

• Analyze market, industry, competitor, legal, and regulatory trends and use these to provide actionable insights that drive the business of both the company and its customers

• Interact with regulatory authorities to support filings of loss cost reviews and new/enhanced products

 

Qualifications:

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related majors

• ACAS preferred

• 5+ years of P&C actuarial experience; property and/or pricing experience preferred

• Familiarity with Farmowners insurance or similar coverages is strongly preferred

• Experience in quantitative and qualitative data analysis strongly preferred

• Demonstrated ability to lead initiatives, work independently and as part of a team

• Strong interpersonal, oral, and written communication skills, including presentation skills

• Knowledge of market, industry, customer, and competitor trends

• Familiarity with predictive analytics modeling preferred but not required

• Strong computing skills desired, such as SAS, SQL, Python, Access, and Excel

   

   

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For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

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