Foundation Risk Partners

Senior Product Analyst- MSI

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial ServicesIndustries

Position Overview

  • Location Type: [Not Specified]
  • Employment Type: Full Time
  • Salary: [Not Specified]

MSI is a leading MGA (Managing General Agency) focused on providing specialized insurance solutions. We combine underwriting expertise with insurer risk capacity to meet customer needs. We offer a growing suite of insurance products, including renters, homeowners, and commercial coverages like cyber liability and habitational property, delivered through various distribution channels. We prioritize exceptional service and utilize a modern technology platform to simplify the insurance experience.

We are seeking a motivated Senior Product Analyst to join our fast-growing Product Management team. This team is responsible for developing innovative insurance products and managing our national product portfolio. We offer a collaborative and dynamic environment for individuals seeking to build products and processes from the ground up.

Responsibilities

  • Work closely with the Product Team, internal and external associates, and vendors to support the introduction of new products, enhancements to existing products, and/or entry into new markets to reach company profit and growth targets.
  • Collaborate with business partners throughout the organization on the rate and rule revision process, including confirming scope and timelines and implementing final revision changes.
  • Contribute to the development of new products: The Product Analyst may participate in the analysis and implementation of new products.
  • Post implementation of new products, the Product Analyst will be responsible for applying quantitative and analytical methods to analyze state performance and identify additional areas of research.
  • Work with relevant team members to make recommendations on what actions can be taken to improve product performance.
  • Review state performance and ensure ongoing profitability, competitive position, and compliance with local regulations.

Requirements

  • Insurance background preferred

Company Information

  • Why MSI? We thrive on solving challenges and building insurance better. We offer an expanding suite of products and a dedicated team focused on rapid resolutions. We simplify the insurance experience through our advanced technology platform.

Skills

Product Management
Data Analysis
Quantitative Analysis
Rate Revision
Rule Revision
Compliance
Market Analysis
Product Performance
State Performance

Foundation Risk Partners

Insurance brokerage and consulting services

About Foundation Risk Partners

Foundation Risk Partners operates as an insurance brokerage and consulting firm, focusing on providing tailored insurance solutions and expert advice to clients across the United States. The company grows by acquiring other firms and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Their approach combines expertise in various sectors with a commitment to cultural alignment and shared values. Unlike many competitors, Foundation Risk Partners emphasizes a collaborative relationship with clients, aiming to achieve exceptional outcomes and drive success for their partners.

Daytona Beach, FloridaHeadquarters
2017Year Founded
$2MTotal Funding
DEBTCompany Stage
Consulting, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays
Paid Vacation

Risks

Over-reliance on AI could cause disruptions if technical issues arise.
Expansion into new regions may pose compliance and operational challenges.
Leadership changes might lead to strategic shifts affecting company stability.

Differentiation

Foundation Risk Partners leverages AI to enhance risk analysis accuracy and speed.
The company focuses on a strategic mix of industry expertise and cultural fit.
Foundation Risk Partners is rapidly expanding through acquisitions and organic growth.

Upsides

AI solutions have decreased cycle times by up to 90% for certain activities.
Prospect conversion rates have increased by up to 50% due to AI adoption.
Expansion into Baldwin, New York, offers new market opportunities.

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