Business Analyst Insurance

Company: Cognizant
Apply for the Business Analyst Insurance
Location: Greater London
Job Description:

Role Overview

We are seeking an experienced Business Analyst with strong Insurance domain expertise, specifically with subject matter expertise in 2 of the 6 areas:

  • Policy lifecycle
    • Quote → Bind →Issue → Renew → Cancel)
  • Claims management
  • Pricing & Underwriting workflows
  • Billing & Premium Accounting
  • Risk assessment & compliance
  • Regulatory frameworks (FCA, PRA, Lloyd’s, etc)

Key Responsibilities

Business Analysis & Requirements Gathering

  • Elicit, analyze, and document business and technical requirements; author clear user stories with acceptance criteria; define functional and non-functional requirements.
  • Maintain traceability from requirements to test cases and releases; support prioritization and backlog refinement in Agile settings (Scrum/Kanban).
  • Plan and support release activities including stakeholder communication, readiness, feedback capture, and post-release follow-up.

2. Process Mapping & Optimisation

  • Map current-state and future-state processes using BPMN/Visio; identify bottlenecks, control gaps, and improvement opportunities.
  • Partner with operations and technology to drive simplification, automation, and regulatory adherence across the value chain.

3. Data & Insights

  • Analyse performance metrics, Work with data teams to ensure accurate metadata, reporting, and analytics across systems.
  • Support decision-making with clear dashboards, business cases, and insights.

4. Technology & Systems Support

  • Act as bridge between business SMEs and engineering/product teams across policy/claims platforms, underwriting workbench, billing, and CRM/finance systems.
  • Conduct system evaluations, impact assessment, UAT, regression testing, and release validation; document outcomes and sign-offs.
  • Awareness of DevOps toolchains and CI/CD workflows (e.g., Jira, Confluence; GitHub; Jenkins/Ansible; artifact and monitoring tools) to collaborate effectively with delivery teams.
    • Jira
    • Confluence
    • GitHub
    • Nexus/Sonatype
    • Build and deployment tooling (CI/CD / Jenkins / Ansible)
    • Monitoring & logging tools

5. Stakeholder Engagement

  • Facilitate workshops and interviews; translate business objectives into actionable requirements and product increments.
  • Provide regular updates to senior stakeholders; manage expectations and risks; elevate impediments promptly.

Required Skills & Experience

Essential

  • 6–8 years of Business Analysis experience, predominantly within Insurance.
  • Strong domain knowledge in at least two: Policy Lifecycle, Claims, Pricing & Underwriting, Billing & Premium Accounting, Risk/Compliance, UK Regulatory frameworks.
  • Excellent communication, stakeholder management, and problem-solving skills.
  • Competence defining objectives and guardrails for AI-enabled workflows and enabling access to structured/unstructured data (documents, emails, forms, images, policy data).

Preferred

  • Experience in process and digital transformation, workflow automation, and operating in global/matrixed organizations.
  • Exposure to Agile delivery (Scrum/Kanban) and London Market practices (Lloyd’s).

Education

  • Bachelor’s degree in business, Finance, Economics, Information Systems, or MIS.
  • Professional certifications preferred (e.g., Agile BA, Lean Six Sigma).
  • Insurance credentials a plus: CII (Cert CII / Dip CII / ACII) and LMA courses for London Market roles.

What We Offer

  • Opportunity to contribute to transformative initiatives in a global environment.
  • Collaboration with cross-functional teams driving innovation across the insurance value chain.
  • Career growth within a dynamic, outcome-focused delivery model.

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Posted: April 10th, 2026