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Insurance Product Analyst

Austin, TX · On-site

Direct, related experience in insurance product development is required for this role. We're looking for an Insurance Product Analyst who is the very best at what they do. They will have ...

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Insurance Product Development Analyst information

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$46

$78

How much do insurance product development analyst jobs pay per hour?

As of Sep 11, 2026, the average hourly pay for insurance product development analyst in the United States is $46.66, according to ZipRecruiter salary data. Most workers in this role earn between $33.17 and $57.69 per hour, depending on experience, location, and employer.

What is the difference between Insurance Product Development Analyst vs Insurance Underwriter?

AspectInsurance Product Development AnalystInsurance Underwriter
Primary RoleDesigns and develops new insurance products and enhancementsEvaluates and assesses individual insurance applications for risk
Required SkillsMarket research, product design, data analysisRisk assessment, decision-making, underwriting guidelines
Work EnvironmentCollaborative teams, product management, marketingUnderwriting departments, claims, risk evaluation
CertificationsTypically none required, but CPCU or similar can helpACU, CPCU, or other underwriting certifications often preferred

While both roles are essential in the insurance industry, the Insurance Product Development Analyst focuses on creating and improving insurance products, working closely with marketing and sales teams. In contrast, the Insurance Underwriter evaluates individual applications to determine risk and coverage eligibility. Understanding these differences helps clarify career paths and employer expectations in the insurance sector.

What cities are hiring for Insurance Product Development Analyst jobs?

Cities with the most Insurance Product Development Analyst job openings:

What states have the most Insurance Product Development Analyst jobs?

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Infographic showing various Insurance Product Development Analyst job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $97,052 per year, or $46.7 per hour.

Senior Product Development Analyst (P&C Insurance)

Chicago, IL • On-site

PURE Insurance
1 - 5K employees
Learn more about PURE Insuranceexternal

$70K - $85K/yr

Other

This job post has expired today. Applications are no longer accepted.

Job description

About the Role

The Senior Product Development Analyst will support key initiatives that contribute to strategic product innovation, development, and management for a product or group of products and will be based out of our Chicago, IL office. This important role will focus on creating, enhancing and maintaining a product or set of product features that meets evolving members’ needs, expands profitable growth and ensures continued market relevance.

What You'll Do
  • Contribute to the product development for all assigned products
  • Execute the detailed design and implementation of straightforward product features associated with new or enhanced products
  • Assist in the identification, exploration, and nurturing of new and existing strategic partnerships to offer a more robust suite of products
  • Conduct internal and external research to identify emerging trends, member needs and review competitor offerings to inform product innovation
  • Begin to participate in cross-functional collaboration with Underwriting, Claims, Marketing, Sales and all other stakeholders to successfully and efficiently design and develop enhancements to the product suite
  • Support the collaboration with the Actuarial Pricing, Data & Analytics, and State Product Management departments in the development of different models using internal and external data to inform product pricing and risk selection decisions
  • Support with some guidance the design build and delivery with Technology, including drafting system requirements and completing user acceptance testing to ensure new and revised product builds, features and tools are delivered as designed with high level of quality
  • Understand the importance of and consider in the product design both the member and broker experiences across any touchpoint
  • Assist in the training and education of newer analysts
What You'll Need
  • 3+ years of relevant P&C insurance experience, preferably in the high-net-worth insurance
  • Bachelor's degree required, preferably in an analytical field of study including but not limited to Economics, Finance, Actuarial Science, Math, Statistics, Risk Management
  • Emerging knowledge of the P&C industry, competitors, insurance product pricing, financial drivers of profitability; comprehensive understanding of legislative and insurance regulations
  • Strong critical and analytical thinking, quantitative and problem-solving skills with the ability to make data-based decisions
  • Experience using software to organize and analyze data to support decision-making
  • High degree of personal organization, time management skills, and attention to detail
  • Well-developed oral and written communication skills; comfortable speaking in front of large and small groups
  • Strong relationship building, collaboration, and influencing skills
  • Demonstrated level of curiosity and a growth mindset
  • Highest level of integrity and honesty
Base Salary

The base salary for this role can range from $70,000 to $85,000 based on a full-time work schedule. An individual’s ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.

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