Insurance Business Analyst Resume

Insurance business analysts study business requirements, and recommend strategies to be implemented to improve sales. They analyze risks associated with insurance policies. An insurance business analyst working in a department that deals with the vehicle insurance is mainly involved in processing amounts for the clients whose vehicles have been damaged in accidents. He or she is accountable for convincing new customers draw policies to secure the vehicle's life as well as urge the existing ones to pay timely premiums. These professionals are adept at analyzing statistical reports and introducing new plans that benefit their customers. They have excellent convincing, and communication abilities.

Insurance Business Analyst Resume Sample

Steven B.Sarpa
1227 Clinton Street
Little Rock, AR 72211
Phone: 678-235-7428
Email: steven.sarpa@anymail.com

Career Summary:

Detail-oriented, highly knowledgeable and experienced Insurance Business Analyst working in the vehicle insurance sector for last 5 years. Astute knowledge about the policy rules and proficient at creating innovative policy plans to attract customers. Strategic thinker with excellent problem-solving abilities and ability to possess healthy relationships with clients.

Summary of Skills:

Comprehensive knowledge about vehicle insurance, and casualty coverage
In-depth information on compliance, regulatory requirements, and norms followed in the insurance industry
Ability to engage client in thorough discussions to determine their requirements, and provide effective solutions
Exceptional knowledge about various insurance policies relevant to automobile, private helicopters, and marine vehicles
Excellent analytical and critical thinking skills
Capable of determining risks, and suggesting appropriate measures to increase business based on client needs
Excellent verbal and written communication skills

Work Experience:

Insurance Business Analyst
VOFOX Solutions, Little Rock, AR
December 2016 – Present

Understanding user requirements and creating policies by analyzing needs to get optimum client satisfaction
Initiating insurance policies for vehicles that serve as a private transport for public commuting to work, to taking outings
Developing revised insurance cost models leading to improvement in monitoring savings, and reducing expenditure by $14M
Serving as a liaison for insurance agents, insurance brokers, and local legal professionals for cases involving litigation issues
Providing training and mentorship to junior analysts by supervising their tasks to convert new customers for taking company's vehicle insurance policy
Reviewing client's case for redemption of policy amount for accidental cases, and implementing appropriate rules for the same
Acquiring new clients and growing revenue by conducting meeting with prospective clients and overseeing promotional strategies

Junior Insurance Business Analyst
Liberty Mutual Services, Little Rock, AR
April 2014 – November 2016

Maintained updated database of clients, informed monthly, quarterly, half-yearly, or annual premium, and avoided policy lapse
Coordinated with the team to understand business needs and processes from end users' perspective and proposed policy changes for non-gear vehicles
Worked as a liaison between the insurance agents and policy holders to ensure availability, and effectiveness of the services provided
Performed periodic analysis, supported the team for policy ratings, and implementation of issuance system to maintain proper work-flow
Provided analysis on clients' needs, newly initiated policy specifications, and detailed logic flows for implementation increasing company revenue by 43%
Initiated policy contracts for public transport vehicles by providing different coverage options and added $110.5M by expanding business
Verified client claims for accidental damages to vehicles, and processed the amount redemption from policy post formalities

Insurance Business Analyst (part-time)
Monro Incorporation, Little Rock, AR
August 2012 – March 2014

Worked with underwriting team for developing policies as per client requirements, and proposed various packages
Performed detailed analysis to better understand key business drivers, and created authentic reports for the senior management
Assisted the team with the documenting and proofing of revised norms, policy brochures, policyholder letters, and company endorsements
Coordinated with other colleagues to visit accidental spots or client homes to inspect their insurance claims for respective vehicles
Performed various administrative duties and answered client calls by giving detailed information about the available policies as per the owner's vehicle, and needs
Collected forms for insurance policy maturity requests, and assessed submitted documents for accuracy, and correctness
Served as a liaison for the sales department, and assisted in promoting different vehicle insurance policies, and increased client-base by 500

Education:

Master's Degree in Financial Accounting
Arkansas State University, Jonesboro, AR
2012

Bachelor's Degree in Business Administration
Arkansas State University, Jonesboro, AR
2010

Reference:

On request.