Insurance Product Analyst

Established in 2021, Independence Pet Holdings is a corporate holding company that manages a diverse and broad portfolio of modern pet health brands and services, including insurance, pet education, lost recovery services, and more throughout North America.

We believe pet insurance is more than a financial product and build solutions to simplify the pet parenting journey and help improve the well-being of pets. As a leading authority in the pet category, we operate with a full stack of resources, capital, and services to support pet parents. Our multi-brand and omni-channel approach include our own insurance carrier, insurance brands and partner brands. 

Independence American Insurance Company (IAIC), a subsidiary of IPH, has over 50 years of underwriting experience and a history of innovation in the pet insurance industry. IAIC has built a reputation as a trusted and dependable partner. We are a pet-focused underwriter with deep insurance industry experience, offering a product with proven consumer appeal. 

Job Summary:

As an Insurance Product Analyst, you will play a critical role in driving the performance, pricing, and profitability of our pet insurance portfolio. You will analyze product and portfolio trends, evaluate rate adequacy, identify underwriting and pricing opportunities, and translate data into actionable recommendations that strengthen our competitive position.

Working closely with Product, Actuarial, and Underwriting, you will support the full product lifecycle — from performance monitoring to pricing enhancements to strategic portfolio decisions. This role is ideal for someone with a foundation in P&C insurance analytics who wants to apply their expertise in a fast‑growing specialty line.

Job Location: Remote

Main Responsibilities

• Analyze portfolio performance across premium, loss ratio, retention, rate need, and state‑level trends to identify opportunities for profitable growth.
• Evaluate rate adequacy and pricing impacts in partnership with Actuarial, providing insights that inform pricing actions, underwriting strategies, and product changes.
• Serve as a subject matter expert on assigned pet insurance products, including rating structures, underwriting guidelines, coverage design, and regulatory considerations.
• Develop and enhance reporting tools that support decision‑making for Product, Actuarial, Underwriting, and MGA partners.
• Construct and validate datasets from multiple sources (policy, claims, rating, underwriting) to ensure accuracy and integrity across analyses.
• Conduct ad hoc analyses to address emerging business questions, portfolio shifts, or performance concerns.
• Monitor key insurance KPIs such as frequency/severity trends, quote‑to‑bind, retention, and rate impact to support ongoing product management.
• Collaborate with Actuarial, Underwriting, and Product to identify risk segmentation opportunities, refine rating factors, and mitigate portfolio risk.
• Support regulatory and filing strategy by providing analytical insights that inform state‑level product decisions.
• Consult on portfolio strategy using data‑driven insights to guide product enhancements, pricing actions, and long‑term growth initiatives.

Requirements

• Bachelor’s degree in a relevant field or equivalent work experience.
• 2+ years of experience in P&C insurance analytics, such as product performance, pricing, actuarial support, or underwriting analysis.
• Strong ability to interpret insurance KPIs and financial metrics (loss ratio, rate need, retention, frequency/severity, premium trends).
• Proficiency with analytical tools such as SQL, SAS, R, Python, or similar for data extraction and modeling.
• Experience with visualization platforms such as Power BI or Tableau.
• Ability to communicate complex insurance concepts and analytical findings to both technical and non‑technical audiences.
• Experience working with actuarial, underwriting, or product teams in an insurance environment.
• Knowledge of veterinary or animal health (dogs and cats) is a plus, but not required.
• Ability to manage multiple priorities in a fast‑paced, evolving environment.

Who Thrives in This Role

You’ll excel here if you enjoy applying P&C insurance fundamentals to a specialty line, partnering closely with actuarial and underwriting teams, and using data to influence pricing, product design, and portfolio strategy.

#LI #carrier

All of our jobs come with great benefits including healthcare, parental leave and opportunities for career advancements. Some offerings are dependent upon the location of where you work and can include the following:

• 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)

• Retirement 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

• On the job training and skills development

• Employee Assistance Program (EAP)

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