Openly

Insurance Product Analyst II (Remote, US)

United States

Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Insurance Product Analyst II

Position Overview

Openly is seeking an Insurance Product Analyst II to join the Insurance State Product Management function. This role offers the opportunity to lead exciting analyses and hone your analytical, technical, and communication skills while working closely with and in support of our Regional Product Managers. You will work across the Insurance State Product Management team to analyze and understand the data behind our product offering and solve real business challenges.

This role requires a self-motivated, high-energy individual who can efficiently function in a fast-paced, performance-driven environment while maintaining attention to detail.

Key Responsibilities

  • Work individually and as a part of a team to gather and analyze data qualitatively and quantitatively to recommend solutions to drive business results.
  • Partner with Regional Product Managers to provide support and insights on state and regional trends and performance.
  • Partner with cross-functional teams in the development and implementation of product updates to support strategic goals.
  • Perform market/competitor intelligence research on a state and regional level to provide insight on macro market trends.

Requirements

  • Insurance experience is required, and P&C or auto/homeowners insurance experience is a plus.
  • 3-5 years of combined experience in insurance product analyst roles.
  • A degree in Mathematics, Business, Economics, Statistics, or similar study.
  • Strong technical (SQL) and analytical skills, capable of developing quantitative analyses through data manipulation.
  • Strong communication skills.

Compensation & Benefits

  • Target Salary Range: $74,480 - $88,445
  • The target salary range represents the budgeted salary range for this position. Actual compensation for this position will be determined based on the successful candidate's experience and skills. We are committed to providing a compensation package that not only reflects the responsibilities and requirements of the role, but also the unique expertise that the chosen candidate will bring to our team.

Why Openly

Openly is rebuilding insurance from the ground up. We are re-envisioning and enhancing every aspect of the customer experience. Doing this requires a rapidly growing team of exceptional, curious, empathetic people with a wide range of skill sets, spanning technology, data science, product, marketing, sales, service, claims handling, finance, etc.

The Openly Difference

We created Openly because we saw an evident gap in the market for premium insurance made simple. Consumers deserve more complete coverage at competitive prices.

  • The Price Difference: Using cutting-edge data and technology, we provide you with customizable, competitive prices to protect your most valuable assets.
  • The Policy Difference: Coverages are truly customizable to meet your individual protection needs, for both standard coverages and optional add-ons.
  • The Experience Difference: From tailored claims handling to highly responsive customer service, we are focused on making the home insurance purchasing process a better overall experience.

Welcome to your next adventure.

At Openly, our people are just as important as our product. For us, collaboration, communication, and work-life balance are more than nice-to-haves— they’re the must-haves that make us who we are. We believe a great company is the result of a shared set of values, so we look for these qualities in every candidate we hire.

  • Integrity
  • Empathy
  • Teamwork
  • Curiosity
  • Urgency

We've designed our hiring process with you, the candidate, in mind. At every step, you have the chance to present your strengths and learn more about what makes Openly a great place to work.

We're committed to Diversity, Equity, & Inclusion

We embrace individuality and believe diverse teams are winning teams. Our commitment to inclusion across race, gender, age, religion, identity, and experience drives us forward every day.

Skills

Data Analysis
Product Management
Insurance Knowledge
Customer Experience
Technology
Data Science
Market Research

Openly

Home and landlord insurance solutions provider

About Openly

Openly modernizes the home and landlord insurance market by providing premium insurance products through independent agents. Their policies, underwritten by a financially stable carrier, focus on comprehensive coverage for homeowners and landlords. Openly uses advanced technology and data analytics to offer accurate pricing and better risk assessment, ensuring clients receive fair premiums and quality service. The company aims to simplify the insurance process, making it easy for clients to manage their policies while enhancing customer satisfaction.

Boston, MassachusettsHeadquarters
2017Year Founded
$231.2MTotal Funding
SERIES_DCompany Stage
Data & Analytics, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Holidays
Parental Leave
401(k) Company Match
Home Office Stipend
Professional Development Budget
Wellness Program

Risks

Rapid expansion could strain operational capabilities and customer service quality.
New carrier launch may face regulatory challenges in 17 states.
Focus on technology exposes Openly to risks of tech failures or cyber threats.

Differentiation

Openly uses advanced data analytics for accurate pricing and risk assessment.
The company partners with independent agents for personalized service and expert advice.
Openly offers a streamlined quoting and claims process for enhanced customer satisfaction.

Upsides

Openly raised $100M in Series D funding to expand operations and business reach.
The company serves 30,000 independent agents across 21 states in the U.S.
Integration of AI in underwriting enhances risk assessment and customer satisfaction.

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