5-7 years of experience in insurance product management
Strong knowledge of auto insurance regulations and market trends
Proficient in data analysis and statistical software
Experience in cross-functional project management
Excellent communication and collaboration skills
Responsibilities
Develop data-driven strategies to enhance growth in auto insurance
Define and manage product features through the entire lifecycle
Analyze data for pricing and underwriting to ensure competitiveness
Conduct market research to identify trends and opportunities
Collaborate with various departments to ensure successful product implementation
Ensure regulatory compliance for all product offerings
Monitor KPIs to measure product performance and adjust strategies accordingly
Benefits
Health, dental, and vision insurance
401(k) retirement plan with company match
Paid time off and holidays
Professional development opportunities
Flexible work environment
Full Job Description
Strategy & Growth: Develop and execute data-driven strategies to achieve profit, growth, and retention targets for auto insurance products within assigned state(s).
Product Development: Define features, manage the product lifecycle, create specifications, and work with IT along with other business units to achieve successful implementation.
Pricing & Underwriting: Analyze data to develop and adjust pricing, underwriting guidelines, and coverage plans, balancing innovation with financial soundness.
Market Analysis: Research market trends, competitor actions, and regulatory changes to ensure products are priced competitively along with identifying opportunities and risks.
Cross-Functional Collaboration: Partner with Actuarial, Underwriting, Claims, Sales, Marketing, IT, and Legal along with external stakeholders such as agents, vendors and regulators.
Regulatory Compliance: Develop and manage state rate, rule and form filings along with interacting with State Insurance Departments, and ensure adherence to state regulations.
Performance Monitoring: Track KPIs for success (loss ratio, retention, growth) and implement corrective actions.
