Job Description:
• Refine insurance products based on market research, customer insights, and competitive analysis.
• Define product roadmaps and work with cross-functional teams to bring new products and coverage features to market.
• Monitor industry trends and regulatory changes to ensure compliance and competitiveness.
• Refine pricing models that balance risk and profitability.
• Analyze claims data, model cat losses, and underwriting performance to refine pricing strategies, rating factors, and underwriting rules.
• Maintain and update underwriting guidelines and practices.
• Conduct research to identify customer needs, market trends, and competitive positioning.
• Recommend product enhancements and new opportunities based on data-driven insights.
• Work closely with sales to fully understand customer needs and ensure product has sufficient features and pricing to be competitive in the market.
• Work closely with underwriting, sales, legal, marketing, and technology teams to ensure successful product launches.
• Provide training and support to sales teams to effectively position and sell products.
• Ensure all products comply with non-admitted insurance regulations and company policies. Conduct independent research of state statutes where required.
• Work with legal resources and carrier personnel to obtain necessary approvals for coverage and forms changes.
• Track and monitor key performance metrics, including conversion rate, quote cycle time, claims experience, profitability, PML and aggregation.
• Adjust product features and pricing as needed to optimize performance.
Requirements:
• Education: Bachelor’s degree in Engineering, Sciences, Business, Finance, Insurance, Actuarial Science, or a related field. Relevant work experience and demonstrated skills can substitute for formal education.
• Experience: 3+ years of insurance product management and/or analytics within the insurance industry (property & casualty or specialty insurance).
• Strong Excel skills required. Python or other programming language and SQL skills are preferred.
• Strong understanding of underwriting, coverages, actuarial principles, and regulatory requirements. Cat modeling experience is plus.
• Experience in data analysis, pricing strategies, and risk assessment.
• Experience in commercial lines or specialty insurance is a plus.
• Excellent communication and stakeholder management skills.
• Ability to think strategically while managing day-to-day operational details.
Benefits:
• Unlimited PTO
• Full health benefits
• Flexible work setups
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