Insurance Product Analyst (Hybrid - Webster or Boston)

Summary

This position is eligible for a higher grade based on experience.  This role is not eligible for sponsorship now or in the future.

The Product Analyst plays a key role in supporting the development, enhancement, and ongoing management of Property & Casualty insurance products, with shared accountability for growth and profitability. In this role, you will analyze market demographics, competitive trends, and regulatory requirements to develop data‑driven recommendations for product design, pricing, and enhancements.

The Product Analyst leads cross‑functional initiatives, translates business needs into clear requirements, and partners closely with stakeholders across the organization to deliver compliant, competitive, and profitable insurance solutions.

Key Responsibilities

• Analyze and effectively communicate market changes, industry trends, competitive dynamics, and other critical insights that impact product performance and operations.
• Partner with insurance vendors and underwriting service providers supporting new product launches and ongoing product maintenance, including reviewing contracts, assessing vendor performance and efficiency, and quantifying recommendations.
• Collaborate with Legal and State teams to update policy language or develop new forms to ensure compliance with regulatory requirements and alignment with strategic objectives.
• Build comprehensive, well‑documented business requirements for the IT department and partner closely with IT to ensure accurate and timely implementation of product changes.
• Collaborate with state teams representing the National Product team on countrywide projects and strategic initiatives.
• Develop clear, comprehensive, and well‑written proposals for review by senior leadership, including presenting recommendations and findings to key stakeholders.
• Leverage advanced Excel capabilities to build pivot tables, create cross‑tabulations, apply formulas, analyze and manipulate data, and develop charts and visualizations that clearly summarize analyses.
• Demonstrate strong attention to detail while effectively managing multiple tasks and projects in a fast‑paced environment with limited supervision.
• Utilize advanced Excel skills to summarize, analyze, and visualize data in support of product recommendations.
• Apply end‑to‑end knowledge of insurance operations, understanding how all aspects of the business work together.
• Proactively communicate market developments, upcoming products, and industry trends to impacted departments across the organization.
• Conduct market and regulatory research using tools such as rate and form circulars issued by rating bureaus.

Qualifications

• Bachelor’s degree or professional‑level knowledge in a specialized field, or equivalent related experience.
• 2–4 years of relevant experience, or an associate’s degree with 4–6 years of equivalent experience.
• Basic project management skills.
• Strong qualitative analysis and critical thinking skills.
• Intermediate proficiency in Microsoft Excel, Word, and PowerPoint.

Why Mapfre?

As a global insurance leader with a strong local presence, we offer more than a job — we provide a purpose-driven career where your growth, well-being, and impact truly matter.

• Purpose & Culture: Join a company built on trust, collaboration, and inclusion. Our values guide everything we do, creating a workplace where people feel respected and empowered.

• Comprehensive Benefits: Enjoy competitive health coverage, retirement plans, paid time off, flexible work options, and lifestyle perks like employee discounts.

• Career Growth: Advance your skills through tuition reimbursement, leadership programs, and internal mobility opportunities. Your development is our priority.

• Social Responsibility: Contribute to meaningful initiatives through Fundación Mapfre, supporting communities and sustainability worldwide.

Pay Philosophy: The typical starting salary range for this role is determined by several factors including skills, experience, education, certifications, and location. Some roles at Mapfre are eligible for commission and/or bonus earnings, in addition to salary, calculated based upon factors set forth in the compensation plan for the role.

Salary Range: $58,800 - $89,400

If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the Mapfre Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.

We are proud to be an equal opportunity employer.