Posted 02 July, 2026
Life Insurance Business Analyst
NR Consulting - India
Hyderabad/ Chennai/ Bengaluru, IN
Full Time
Reference: 26-15257-2220-1
Title: Life Insurance Business Analyst
Location: Hyderabad/ Chennai/ Bengaluru
Exp: 6+ Years
Job Description:
Key Responsibilities
Required Skills & Competencies
Preferred Qualifications
· ALMI® (Associate, Life Management Institute) – LOMA
· ARA® (Associate, Regulatory Compliance) – LOMA
· AINS® (Associate in General Insurance) – The Institutes
Location: Hyderabad/ Chennai/ Bengaluru
Exp: 6+ Years
Job Description:
Key Responsibilities
- Interact with client business users and stakeholders to gather, analyze, and document business requirements
- Conduct requirement workshops, stakeholder meetings, and walkthrough sessions
-
Create and maintain:
- Business Requirement Documents (BRD)
- Functional Requirement Documents (FRD)
- User Stories with clear Acceptance Criteria
-
Leverage AI tools such as Microsoft Copilot and Claude for:
- Requirement analysis and structuring
- Accelerated BRD and user story creation
- Requirement validation and gap analysis
- Translate business requirements into clear, implementable user stories aligned with Agile best practices
- Perform backlog refinement and ensure all stories meet the Definition of Ready (DoR)
- Prioritize user stories based on business value, dependencies, and release goals
- Provide continuous clarification on domain rules, workflows, and business functionality to Development and QA teams
- Ensure all functional, business, and domain-related queries from Dev and QA are resolved promptly
- Own and manage requirement traceability from inception through delivery
- Actively support Sprint Planning, Refinement, SIT, and UAT phases
-
Ensure the Definition of Done (DoD) is met for each user story, including:
- Functional completeness
- Acceptance criteria validation
- Business rules compliance
- Required documentation updates
- Obtain formal sign-off from business stakeholders upon meeting DoD
- Support UAT execution, defect triage, and business validation
- Identify gaps, risks, and dependencies in business processes and proposed solutions
- Act as a bridge between business stakeholders and technical teams to ensure successful delivery
- Strong Life Insurance domain knowledge (Agent, Policy, Home Office, Underwriting)
- Excellent experience in Agile / Scrum delivery model
- Expertise in requirement gathering, documentation, and user story creation
- Strong analytical, problem-solving, and decision-making skills
- Hands-on exposure to AI-assisted Business Analysis practices
- Excellent communication and stakeholder management abilities
- Ability to work independently and manage multiple priorities in parallel
- Experience working on Policy Administration Systems (Client)
- Exposure to digital insurance transformation or modernization programs
- Familiarity with regulatory and compliance-driven requirements
- BA certifications such as CBAP, PMI-PBA, or Agile BA (preferred)
· ALMI® (Associate, Life Management Institute) – LOMA
· ARA® (Associate, Regulatory Compliance) – LOMA
· AINS® (Associate in General Insurance) – The Institutes
