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Insurance Quant Jobs in Michigan (NOW HIRING)

MRINetwork Jobs

Medical Technologist I

Detroit, MI · On-site

... home insurance. Note: Eligibility for benefits may vary by location and is determined by employment status Job Summary: Under general supervision, performs quantitative and qualitative laboratory ...

MRINetwork Jobs

Medical Technologist I

Detroit, MI · On-site

... home insurance. Note: Eligibility for benefits may vary by location and is determined by employment status Job Summary: Under general supervision, performs quantitative and qualitative laboratory ...

MRINetwork Jobs

Medical Technologist I

Detroit, MI · On-site

... home insurance. Note: Eligibility for benefits may vary by location and is determined by employment status Job Summary: Under general supervision, performs quantitative and qualitative laboratory ...

MRINetwork Jobs

Medical Technologist I

Detroit, MI · On-site

... home insurance. Note: Eligibility for benefits may vary by location and is determined by employment status Job Summary: Under general supervision, performs quantitative and qualitative laboratory ...

TH Medical

Cardiac Sonographer

Detroit, MI · On-site

Medical, dental, vision, and life insurance 401(k) retirement savings plan with employer match ... Performs quantitative and qualitative analysis and interpretation of all graphic and video ...

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Insurance Quant information

What is an insurance quant?

Insurance quants, or quantitative analysts in the insurance industry, use mathematical, statistical, and computational methods to analyze risk, price insurance products, and optimize investment strategies for insurance companies. They develop models to assess the likelihood of claims, determine appropriate premiums, and ensure the company's financial stability. Insurance quants often work closely with actuaries, but focus more on advanced quantitative techniques and financial modeling. Their work helps insurance firms make data-driven decisions and maintain competitiveness in the marketplace.

What are the key skills and qualifications needed to thrive as an insurance quant, and why are they important?

To thrive as an Insurance Quant, you need strong quantitative skills, a background in mathematics, statistics, or actuarial science, and often an advanced degree such as a master's or PhD. Proficiency with programming languages (like Python or R), statistical modeling tools, and actuarial software is typically required, along with relevant certifications such as actuarial credentials (e.g., SOA, CAS). Excellent problem-solving abilities, attention to detail, and the capacity to communicate complex analyses to non-technical stakeholders are standout soft skills. These competencies are critical for accurately assessing risk, pricing insurance products, and supporting data-driven decision-making in the insurance industry.

What is the difference between Insurance Quant vs Actuary?

AspectInsurance QuantActuary
Required CredentialsAdvanced degrees in mathematics, statistics, or finance; often CFA or FRM certificationsProfessional actuarial certifications (SOA, CAS), exams required
Work EnvironmentQuantitative teams within insurance companies, hedge funds, or consulting firmsInsurance companies, consulting firms, government agencies
Job FocusDeveloping models for risk assessment, pricing, and financial strategiesCalculating insurance premiums, reserving, and risk management
Common Search/ComparisonInsurance Quant vs Actuary

Insurance Quants and Actuaries both work in the insurance industry with a focus on risk and financial modeling. Quants typically use advanced mathematics and programming to develop models, while actuaries focus on pricing and reserving using actuarial exams and certifications. Both roles require strong quantitative skills, but their daily tasks and certifications differ.

How does an insurance quant typically collaborate with underwriters and actuaries in their daily work?

An Insurance Quant frequently works alongside underwriters and actuaries to analyze risks, develop pricing models, and evaluate policy portfolios. Collaboration often involves sharing statistical insights, validating risk assumptions, and refining predictive models to ensure accurate and competitive insurance products. Regular meetings and data-sharing sessions help align quantitative findings with business objectives, enabling the team to make informed decisions on product design, pricing, and risk management. This close teamwork is crucial for integrating advanced analytics into traditional insurance processes and driving innovation within the organization.
What are popular job titles related to Insurance Quant jobs in Michigan? For Insurance Quant jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Insurance Quant jobs in Michigan look for? The top searched job categories for Insurance Quant jobs in Michigan are:
What cities in Michigan are hiring for Insurance Quant jobs? Cities in Michigan with the most Insurance Quant job openings:
Insurance Quant jobs near you

Sr. Analyst, Pricing Strategy - Hybrid

XPO

Ann Arbor, MI • Hybrid

Full-time

Medical, Life, Retirement, PTO

Posted 5 days ago

XPO rating

7.0

Company rating: 7.0 out of 10

Based on 223 frontline employees who took The Breakroom Quiz

212th of 360 rated logistics

Job description

What you’ll need to succeed as a Senior Analyst, Contract Pricing at XPO

Minimum qualifications:

·         Bachelor’s degree or 4 years of equivalent work or military experience

·         3 years of professional experience in quantitative analysis

·         Demonstrated ability to derive insight from large datasets, formulate solutions and drive action

·         Solid grasp of economics and supply chains

·         Working knowledge of contractual language and agreements

·         Highly organized work style with proven ability to multitask

·         Excellent written and oral communication skills

·         Able to manage the revenue and profitability for a portfolio of accounts

·         Able to collaborate with the Pricing team leadership to establish and implement a pricing strategy and tactical plan

·         Able to do a critical quantitative evaluation and make recommendations

·         Expert in cost/revenue analysis based on input from several departments, including Sales, Pricing, Linehaul, Operations, etc.

·         Able to demonstrate leadership to drive results.  Self-driven and takes ownership over workload with minimal support from management

·         Able to interpret analysis output for sales presentations to buyers and assist the Sales team with negotiation preparation

·         Proficient in Microsoft Office

Preferred qualifications:

·         Bachelor’s degree in Finance, Statistics, Economics or Mathematics

·         Master’s degree

·         3 years of professional experience in quantitative analysis in the transportation field

·         Experience with SQL and statistical packages

 

About the Senior Analyst, Contract Pricing job

Pay, benefits and more:

·         Competitive compensation package

·         Full health insurance benefits on day one

·         Life and disability insurance

·         Earn up to 15 days of PTO over your first year

·         9 paid company holidays

·         401(k) option with company match

·         Education assistance

·         Opportunity to participate in a company incentive plan

What you’ll do on a typical day:

·         Manage the revenue and profitability for a portfolio of large accounts

·         Perform detailed cost/revenue analysis based on input from several departments, including Sales, Pricing, Linehaul, Operations, etc.

·         Interpret analysis output for sales presentations to buyers and assist the Sales team with negotiation preparation

·         Conduct analyses under different pricing scenarios to compare net results

·         Collaborate with Pricing team leadership to establish and implement a pricing strategy and tactical plan

·         Craft contractual pricing agreements and ensure timely negotiation and correct implementation of rates

About XPO

XPO is a top ten global provider of transportation services, with a highly integrated network of people, technology and physical assets. At XPO, we look for employees who like a challenge and can communicate effectively in all situations. We want to leverage your skills and years of experience to drive positive results while ensuring a bright future for yourself and XPO. If you’re looking for a growth opportunity, join us at XPO. 

We are proud to be an Equal Opportunity employer. Qualified applicants will receive consideration for employment without regard to race, sex, disability, veteran or other protected status.

All applicants who receive a conditional offer of employment may be required to take and pass a pre-employment drug test. 

The above statements are not an exhaustive list of all required responsibilities, duties and skills for this job classification. 

Review XPO's candidate privacy statement here.

What XPO employees say

Pay

Benefits

Hours and flexibility

Workplace

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About XPO

Sourced by ZipRecruiter

Founded in Greenwich, Connecticut, XPO Logistics, Inc., operating under the brand name XPO, is a one of the leading companies in the transportation and logistics sector. Operating its services in 30 countries, the company employs the use of ground-breaking technology in providing a broad suite of logistics services including supply chain management, freight brokerage, last mile logistics, and intermodal and drayage transportation. XPO's impressive history dates back to 2011 and within its relatively short existence, it has made a series of acquisitions to consolidate its top-notch range of services. Their mission is to provide outstanding results to customers by envisioning and implementing significant advancements in freight transportation and logistics.

Industry

Import-export

Company size

10,000+ Employees

Headquarters location

Greenwich, CT, US

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