Peter Ciccarone
Lincoln
Summary
Dynamic Senior Product Analyst with Farmers Insurance Group, leveraging data analysis expertise and a continuous learning mindset to drive strategic recommendations. Proven track record in identifying compliance risks and enhancing profitability through competitive analysis and innovative solutions. Skilled in underwriting and agency management, fostering collaboration across teams to address customer pain points effectively.
Overview
25
25
years of professional experience
1
1
Certification
Work History
Senior Product Analyst
Farmers Insurance Group
11.2024 - Current
- Synthesize data, triangulation of multiple data points, provide a recommendation based on the data.
- Identify basic patterns and make straightforward decisions
- Identify problems and propose basic solutions
- Conduct competitive analysis to inform strategic decision-making processes.
- Coordinate and develop filing strategies
- Ability to identify and assess compliance risks
- Awareness of current market trends and their impact on the insurance industry
- Understanding of underwriting criteria and risk assessment
- Communicate with stakeholders and manage expectations
- Collaborate with cross functional teams to develop innovative solutions addressing customer pain points
Business Analyst
Farmers Insurance Group
03.2022 - 11.2024
- Complete market analysis, make recommendations for a rate decision, collaborate with stakeholders and support growth initiatives.
- Identify sales agents impacting profitability of a state.
- Identify sales agents moving their book, leaving less profitable business.
- Conduct reviews to determine the quality of agent business.
- Complete policy audits to identify inaccurate agent quotes.
- Collaborate with State Management and Independent Sales Organization to develop agent action plans.
- Implement actions which include new business edits to stop unprofitable cohorts, request inforce policies of unprofitable segments be moved to another carrier and Agent Termination.
- Underwriting background with knowledge of property and casualty insurance, products and contracts of all lines of business including auto, home, boat and umbrella.
- Maintain compliance with state regulation and laws for assigned markets.
Senior Underwriter
Metlife Auto & Home
08.2017 - 03.2022
- Evaluate the risk of high-value properties and determine eligibility for and the cost of a specialized policy.
- Assessment of unique factors such as custom construction, high-end amenities, extensive grounds, valuable personal collections and specific liability risks to create a tailored policy with appropriate coverage and limits.
- Review policies for accurate replacement cost to confirm high-value homes are insured to value.
- Review home inspections to review condition/maintenance, custom features and square footage of the property
- Collaborated with brokers and agents to assess coverage options and provide tailored solutions.
- Review loss history of inforce policies at renewal to determine if action is required.
Agency Management Underwriter
Metlife Auto & Home
08.2016 - 08.2017
- Identify agents impacting profitability of state/region. Conduct reviews to identify agents.
- Identify agents moving their book, leaving less profitable business.
- Conduct reviews to determine the quality of agent business, policy audits to identify inaccurate quotes.
- Collaborate with State Management and Independent Agent Sales Organization to develop agent action plans.
- Implement actions including new business edits to stop unprofitable cohorts, request inforce policies of unprofitable cohorts be moved to another carrier and Agent Termination.
- Underwriting background with knowledge of Property and Casualty insurance, products & contracts of all lines of business including auto, home, boat and umbrella. Maintain compliance with state regulation and laws for assigned markets.
Underwriter
Metlife Auto & Home
09.2000 - 08.2016
- Evaluated insurance applications to determine risk and underwriting decisions.
- Collaborated with agents to gather necessary documentation for policy issuance.
- Provided excellent customer service by addressing inquiries promptly and offering comprehensive explanations of underwriting decisions.
- Review loss history of inforce policies at renewal to determine if action is required.
- Review property inspections to determine condition/maintenance and if home is insured to value.
- Documented underwriting decisions and provided evidence of compliance with applicable regulations.
- Conducted regular audits of underwriting files to ensure accuracy, compliance, and consistency in decision-making processes.
- Reduced company losses by identifying potential risks and recommending appropriate mitigating measures.
- Mentored junior underwriters, providing guidance on best practices and improving overall team performance.
Education
Bachelor of Science - Business
Rhode Island College
Providence, RI06-1988
Associate of Science - Business
Community College of Rhode Island
Warwick, RI06-1986
Skills
- Continuous learning mindset
- Data analysis expertise
- Excel skill
- Underwriting
- Agency Management
Certification
Associates in Personal Insurance Designation
Timeline
Senior Product Analyst
Farmers Insurance Group
11.2024 - Current
Business Analyst
Farmers Insurance Group
03.2022 - 11.2024
Senior Underwriter
Metlife Auto & Home
08.2017 - 03.2022
Agency Management Underwriter
Metlife Auto & Home
08.2016 - 08.2017
Underwriter
Metlife Auto & Home
09.2000 - 08.2016
Bachelor of Science - Business
Rhode Island College
Associate of Science - Business
Community College of Rhode Island