P&C Insurance Research & Product Development Analyst

American Ag®, a global provider of diversified reinsurance solutions, is seeking a Property & Casualty Insurance Research & Product Development Analyst to work out of our office in Schaumburg, Illinois. This is a hybrid position, with the expectation of working in the office a minimum of three days a week.

Our Research & Product Development team studies emerging risks, analyzes market trends and competitors’ products, and translates those insights into practical, market-ready insurance solutions. Our work includes drafting and maintaining the coverage forms and endorsements that support the comprehensive, end-to-end products relied upon by our primary insurance carrier clients.

The Property & Casualty Insurance Research & Product Development Analyst will support strategic initiatives and product innovation across our P&C portfolio. If you are interested in researching and drafting insurance forms, solving coverage questions, and collaborating across disciplines to turn research into actionable solutions, this role may be for you.

The Property & Casualty Insurance Research & Product Development Analyst will be responsible for:

• Conducting market research and competitor benchmarking to identify emerging trends, coverage gaps, new product opportunities, and product innovations that align with our strategic growth objectives
• Developing and preparing comprehensive business use cases and product proposals for new offerings and enhancements
• Performing detailed competitive market analysis, including forms comparison, product offerings, and competitor rate changes
• Collaborating with Underwriting, Actuarial, Claims, Marketing, Contracts, and other stakeholders to design and develop enhancements to our turnkey products
• Drafting and revising coverage forms, endorsements, and contract language to improve clarity, drive growth, and increase market competitiveness
• Analyzing datasets related to policy data, claims, and customer demographics to deliver actionable insights that drive product performance
• Building and maintaining detailed reports and dashboards to track key product KPIs (e.g., loss ratios, customer uptake, profitability)
• Participating in underwriting file reviews to analyze forms and endorsements, ensuring alignment with treaty language

What you will bring to this role:

• Bachelor’s degree or equivalent experience
• 5+ years of Property and Casualty insurance experience, ideally in an underwriting, product development, or regulatory role; reinsurance experience is a plus
• Knowledge of insurance product management principles, frameworks, and best practices
• Experience researching and analyzing competitor and forms, along with developing and enhancing forms and endorsements
• Excellent written and verbal communication and project management skills, along with the ability to collaborate effectively across all levels at the company
• Strong research, analytical, and problem-solving skills and the ability to translate findings into clear recommendations
• Proficiency with Microsoft Office products, particularly Excel and PowerBI
• Continuing education in insurance certification programs (CPCU, ARe) preferred

The expected starting salary range for this position is between $100,000-$130,000. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. This position is also eligible for an annual bonus.

We do not sponsor employment visas and are unable to take over an employment visa from another employer. Applicants must be authorized to work in the U.S. for ANY employer without the need for employment visa sponsorship.

Who We Are

Since 1948, American Ag® has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to the Farm Bureau® insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace. Learn more at

Reasons to Consider American Ag®

At American Ag®, you’ll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life and where employees are appreciated, engaged, and encouraged to reach their full potential.