Product Business Analyst - INSIDE IR35

Role Objective

Support the client's Product Rationalisation workstream by analysing and structuring existing insurance products across the European business to create a simplified, system-ready product model for Guidewire PolicyCenter.

The role focuses on product structure analysis, product documentation, and alignment with forms and system configuration requirements.

Key Responsibilities

• Product Inventory Creation
• Identify and catalogue all in-scope European products across classes.
• Gather product documentation including:
• Product definitions
• Coverage structures
• Rating sheets
• Underwriting guidelines
• Policy forms
• Create a structured product inventory register.

1. Product Structure Analysis

Analyse existing products to identify:

• Duplicate or overlapping products
• Variations across jurisdictions
• Coverage structure differences
• Optional extensions and endorsements
• Regulatory-driven variations

Support the client in distinguishing true product differences from parameter variations.

1. Product Rationalisation Support

Assist the client, Product Owner, and client BAs in:

• Grouping products into product families
• Defining core products and variants
• Identifying opportunities for standardisation
• Reducing unnecessary product proliferation

1. Product Documentation & Artefact Development

Develop structured documentation including:

• Product definition templates
• Coverage structure diagrams
• Product comparison matrices
• Product rationalisation analysis packs

1. Workshop Support

Support product rationalisation workshops by:

• Preparing analysis materials
• Documenting decisions and action items
• Maintaining rationalisation trackers
• Preparing decision summaries for Product Owner review.

1. Alignment with Guidewire Product Model

Work with the Guidewire functional architect to ensure product definitions align with:

• Guidewire product model structures
• Coverage patterns
• Rating structures
• Rules configuration

Key Deliverables

• Product Inventory Register
• Product Rationalisation Analysis
• Product Family Mapping
• Product Definition Templates
• Workshop Decision Logs

Required Experience

• 10+ years experience as a Business Analyst in London Market insurance
• Experience analysing insurance products or product documentation
• Strong analytical and documentation skills
• Experience working with underwriting or product development teams
• Desired Skills
• Exposure to Guidewire implementations
• Specialty insurance product understanding
• Ability to analyse complex product variations
• Strong Excel and data structuring capability
• Workshop support and stakeholder coordination skills

Key Responsibilities

• Facilitate workshops with underwriters, underwriting assistants, operations teams, product owners, and SMEs across London Market specialty lines
• Define end-to-end underwriting and policy administration journeys including:
• Submission intake
• Quote
• Referral
• Bind
• Endorsements / MTAs
• Renewals
• Cancellation
• Reinstatement
• Mid-term servicing
• Broker interactions
• Document production
• Bordereaux / delegated authority touchpoints
• Produce:
• L1/L2/L3 process maps
• User journeys
• Swimlane workflows
• Pain point analysis
• Functional requirements
• Epics/features/user stories

• Required Experience
• 10+ years as a Business Analyst within London Market insurance
• Strong understanding of specialty/commercial insurance operations
• Experience documenting underwriting and policy servicing processes to L2/L3 detail
• Previous involvement in PAS transformations or Guidewire programmes
• Understanding of Lloyd's and company market operating models

Working Model

• 2-3 days per week onsite in London
• Remaining days remote