Competitive Analytics Specialist

Chubb

Whitehouse Station, NJ

Full Time

Mid Level

11 days ago

Job Description

About the Role

The role of a Competitive Analytics Specialist is to provide analytical support to ensure the growth and profitability of Chubb's Personal Risk Services in assigned jurisdictions. Through in-depth and complex analyses, you will evaluate the performance of multiple lines of business, identify emerging trends and opportunities, and develop actionable reports and pricing recommendations to improve products and company performance.

Key Responsibilities

Support the Regional Product Teams in developing state-specific market analysis that facilitate growth while maintaining profitability and target market focus using market analytics
Use competitive and demographic data to prepare analysis, interpret data, and provide meaningful reports to business teams
Support and participate in the implementation of auto and home strategies by incorporating external market information into analysis packets
Conduct research and quantitative and qualitative analysis on existing and emerging insurance markets, products, and competitors
Complete and maintain market research on competitors, including pricing matrix, rate adequacy, loss trends, competitive landscape, regulation, etc., in assigned states for home and auto
Utilize strong oral and written communication skills to effectively convey reports and analysis results in an easily understandable manner
Assist product pricing and audit teams with premium surveys, underwriting reviews, and responding to Market Conduct criticisms, as well as researching competitor approaches to regulations
Exhibit organizational skills to effectively manage competing priorities
Establish effective working relationships with field Marketing & Underwriting, Actuarial, Product Management, Business Resource Group, Home Office Marketing, and Product Development
Prepare information needed to review post-implementation results for state rate reviews
Assist in communicating results of strategic and tactical decisions to senior management
Independently manage low to moderate complexity projects; understand business objectives as they relate to project goals

Requirements

Strong analytical skills with the ability to interpret complex data and prepare meaningful reports
Excellent oral and written communication skills
Organizational skills to manage competing priorities effectively
Ability to conduct research and quantitative and qualitative analysis on insurance markets and competitors
Experience in supporting strategic and tactical decision-making processes
Ability to establish effective working relationships across various teams and departments

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