Insurance Product Analyst
Carmel, IN - USA
Job Summary
At WorldTrips a proud member of the Tokio Marine HCC group of companies we believe in more than just businesswe believe in empowering our people. As a global leader in specialty travel medical and trip protection insurance we are passionate about preparing travelers for the unpredictable while fostering a work environment where bold ideas and transformative solutions are valued at every level. Our mission To Be a Good Company reflects our commitment to people and community recognizing the importance of giving back and driving positive change.
We are proud to be named as a Top Workplace Winner for the past three years by IndyStar!Our renovated office located in Carmel IN is only steps away from the Carmel City Center for shopping dining and entertainment.
This is a hybrid position and you must be able to commute to the Carmel office (3 days in office).
Position Overview:
The Insurance Product Analyst supports the Underwriting team the Product team and the Compliance Departments as document issuers and developers. Their role is to manage update evaluate and assist with the overall wording issuing of new custom group wordings and renewals in accordance with WorldTrips business needs. A general understanding of compliance and regulations as they relate to legal and regulatory agencies and comprehensive knowledge of benefit designs within the WorldTrips product portfolio is required.
- The Product Analyst works with Operations Underwriting Claims Business Intelligence Sales Account Services Legal Claims and Marketing on a regular basis.
- Assist in managing the process of the annual custom group renewals and reporting on the progress
- Technical writing of wording where needed to support a products benefits
- Issuing and publication of newly sold custom groups
- Maintaining historical changes made to various group wordings
- Communicating with internal clients on outcomes from wording updates
- Ensuring the process follows standard operating procedures and SLAs
- Identifying and eliminating typographical errors before documents are published
- Reviewing document format and content to ensure benefits and supporting information match the product and UW proposal forms
- Developing and continually building comprehensive knowledge of WorldTrips product designs
- Administering product information in the product database
- Managing the certificate guideline process from creation to assignment within the administration system
- Managing the Products email box by responding to placing certificate (new business/renewals) requests in workflow per operating procedures
- Creating and managing the renewal letter templates for group renewal business
Skills and Experience Needed:
- Bachelors degree in a related field or the equivalent education and /or experience
- Minimum of three years of experience in Medical or Travel Insurance
- Excellent written and verbal communication skills
- Excellent analytical & problem-solving skills
- Proficient in reading & understanding the intent of a document
- Proficient experience using Microsoft Office package (Excel Access PowerPoint Word)
- Experience with policy forms and drafting
- Experience with Sales and Benefit Design
WorldTrips TMHCC offers a competitive salary and a generous employee benefit package that includes among other benefits subsidized medical prescription dental vision and basic life and disability insurance employee assistance program paid parental leave 401(k) plan with Company matching contributions and educational/loan assistance. Subject to local and state laws governing the accrual of paid time off (PTO) Employees will receive 20 days of PTO prorated for the current year based on date of hire. Employees annually receive approximately 11 paid holidays one paid volunteer day and up to two paid floating holidays.
If your experience aligns with the listed requirements please apply!
WorldTrips is an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to age ancestry citizenship color family or medical care leave gender identity genetic information marital status medical condition national origin physical or mental disability protected veteran or military status race ethnicity religion sex (including pregnancy) sexual orientation or any other characteristic protected by applicable local laws regulations and ordinances.
You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check if the Company is concerned about a conviction that is directly related to the job you will be given the chance to explain the circumstances surrounding the conviction or challenge the accuracy of the background report.
As an insurance company we comply with certain federal state and local laws such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC 1033(e)) which restricts our ability to employ individuals with certain types of criminal convictions. Where not restricted by law and for criminal history not covered by this law the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law.
#LI-CM2
#Hybrid
Required Experience:
IC
About Company
Specialty Group boasts a product suite that provides coverage for a myriad of needs within the sports, entertainment, travel, and hospitality industries. Our robust portfolio and global presence helps insureds take on incredible challenges without assuming incredible financial risks.