Data Science - Commercial Property Products

The Commercial Property Product team is responsible for Commercial Property, Commercial Inland Marine, Equipment Breakdown, and a few minor property lines. Our 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 our work.

Under supervision, the successful candidate for this role is expected to participate in the development and execution of analytical work to solve complex actuarial problems. Given a project, they are expected to utilize statistical and machine learning techniques as applicable to contribute to the solution.  They are expected to create clear and easy to understand documentation for work product support. They will work on high-profile projects and be able to justify and explain the solution and resulting work product to senior management, customers, and insurance departments. They are expected to contribute to standardization and automation of work product pipeline.

Understanding of basic ratemaking and proficiency in data analysis are required. Additional requirements include but are not limited to making recommendations based on analysis of data, providing justification for selections, assumptions and conclusions, and documenting the work product. Supporting the product through the filing process is also expected. This role will require frequent communication with many of the functional areas of the ISO Underwriting organization.

• Work on projects independently or in collaboration with other functional areas 

• Under supervision, collaborate with other ISO divisions on product enhancement and innovation that may be actuarial or underwriting focused

• Given opportunity, engage with internal and external customers  through product presentations and responses to customer inquiries

• Interact with regulatory authorities to support new/enhanced products

• 2+ years of P&C data analytical experience required 

• Experience in quantitative and qualitative data analysis  required

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

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

• Familiarity with predictive analytics modeling 

• Familiarity with ratemaking or classification methods preferred but not required

• Strong computing skills desired, such as SQL, Python, or R. 

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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, the fourth consecutive year in the UK, Spain, and India, and the second consecutive year in Poland. In addition, 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, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

 Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient