What do they do?

Collect and analyze statistical, financial, and competitive information to help make pricing, underwriting, agency management, distribution, claims, and product development decisions.

View the Full Product Development & Pricing Career Pathway
  • Identify and solve product/pricing problems by performing analysis that involves retrieving and analyzing both internal and external data.
  • Assists with analysis and implementation of changes to existing insurance products as well as the development of new products.
  • Perform extensive product reviews that require analysis of trends, factors, issues, competitive analysis, and rate level indications.
  • Analyzes agency management, product distribution, and claims procedures to enhance growth and underwriting profit of the insurance product.

Basic Skills
Reading Comprehension
Active Listening
Writing

Technical Skills
Operation Analysis
Programming

Social Skills
Social Perceptiveness
Coordination
Persuasion

Systems Skills
Judgment and Decision Making
Systems Analysis
System Evaluation

Problem Solving Skills
Complex Problem Solving

Resource Management Skills
Time Management
Management of Personnel Resources
Management of Financial Resources

  • Salary range: $50,000-$90,000+
  • Education and Professional Requirements: Entry — Bachelor’s degree; Senior level — Bachelor’s degree, professional certification; Executive — Post graduate degree, professional certification, many years experience.
  • Possible career path: Assistant Actuary/Pricing Analyst > Pricing/Product Development Analyst > Senior Analyst, Pricing/Product Dev. > Director, Pricing and Product Development.

Latest News

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  • A Dec. 3, 2021 blog article from the Insurance Information Institute discussed […]

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