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Insurance Quant Jobs in Michigan (NOW HIRING)

Quality Evaluator

Novi, MI · On-site

$56K - $84K/yr

Comprehensive medical insurance options * Employer-paid benefits including dental, vision, life ... Develop study protocols, databases, and data collection workflows for qualitative and quantitative ...

Quality Evaluator

Novi, MI · On-site

$56K - $84K/yr

Comprehensive medical insurance options * Employer-paid benefits including dental, vision, life ... Develop study protocols, databases, and data collection workflows for qualitative and quantitative ...

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Showing results 1-20

Insurance Quant information

What are insurance quants?

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 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:
Lead Analyst, Revenue Management - Hybrid

Lead Analyst, Revenue Management - Hybrid

XPO

Ann Arbor, MI • On-site, Remote

Full-time

Medical, Life, Retirement, PTO

Posted 14 days ago


XPO rating

7.1

Company rating: 7.1 out of 10

Based on 219 frontline employees who took The Breakroom Quiz

199th of 356 rated logistics


Job description

What you’ll need to succeed as a Lead Analyst, Pricing (Revenue Management Strategy) XPO

Minimum qualifications:

  • Bachelor's degree or equivalent related work or military experience
  • 4 years of professional experience in quantitative analysis
  • Solid grasp of economics and supply chains
  • Expert at collaboration with leaders across an organization to establish and implement pricing strategies and tactical project plans
  • Self-driven and able to take ownership of a program with minimal support from leadership
  • Expert at critical evaluation and review processes, making recommendations, influencing the outcome of a decision, improving processes and taking ownership of the results
  • Excellent written and oral communication skills, including the ability to communicate with all levels of a large organization
  • Highly organized working style with proven ability to lead and multitask
  • Proficient in data mining using SQL and Business Intelligence software
  • Working knowledge of contractual language and agreements
  • Able to use, evaluate, and contribute to computer-generated decision support models

Preferred qualifications:

  • An advanced degree in finance, economics, data analytics, statistics or mathematics
  • 4 years of professional experience in quantitative analysis in the transportation or pricing field
  • Expert in mining data, databases and SQL
  • Prior leadership experience
  • Experience with B2B contract negotiations
  • Working knowledge of statistics and statistical packages in Python, R or similar
  • Experience in Project Management, Lean Six Sigma or other project/problem solving methodologies

 

About the Lead Analyst, Pricing (Revenue Management Strategy) job

Pay, benefits and more:

  • Competitive compensation package 
  • Full health insurance benefits available 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:

  • Proactively formulate pricing initiatives and, with limited direction from leadership, lead a program by reviewing processes to develop data-driven solutions to increase revenue and margin
  • Support projects and teammates by providing guidance, problem solving and proposing methodology to drive results
  • Execute, evaluate and report out on various initiatives to senior leadership
  • Support the pricing organization with advanced analytical processes and models
  • Leverage a variety of reports and analyze changes in the competitive landscape to identify high-level trends and strategies to make evidence-based decisions and drive profitable revenue growth
  • Engage with business counterparts, both internal and external, to develop a relationship with partner teams to identify opportunities to improve revenue and team performance

This role is posted with Ann Arbor, MI as the preferred work location. However, XPO welcomes applications from and may consider qualified candidates based in other locations for on-site, hybrid, or remote work arrangements, depending on business needs and the requirements of the role.

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.


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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