Selective Insurance is looking to improve profitability and drive growth through the development of new products and revisions to existing ones, while maintaining compliance with regulatory requirements.
Requirements
- Strong technical underwriting knowledge.
- Working knowledge of ISO.
- Ability to research and analyze coverage.
- Ability to create proprietary forms.
- Ability to drive product development initiatives and collaborate with core stakeholders.
- Strong problem-solving ability.
- Ability to manage a project.
Responsibilities
- Leads in the development of new products and/or product revisions through project management of product development life cycle, from product idea/concept charter through to the product launch.
- Partners with Underwriting, Actuarial, Legal, Claims, Reinsurance, Communications, and GA Support Staff to ensure proper product development and execution aimed at the desired customer segments, groups, or markets.
- Assesses the competitive landscape. Analyses and interprets competitor data, products, and industry information in order to identify underwriting, pricing, coverage and new product opportunities to be considered for enhancement of our profitability.
- Responsible for project management comprising new product development as well as enhancements to existing products.
- Supports underwriting in efforts to expand the business through new product development.
- Leads in the execution of the product launch, taking into consideration communications, Underwriting controls, pricing, agent feedback and training.
- Analyzes existing proprietary endorsements for revisions and develops new proprietary endorsements as needed to address profitability concerns.
Other
- Excellent customer service, networking and relationship building skills.
- Strong collaboration skills.
- Excellent presentation skills.
- Strong sales and negotiation skills.
- College degree preferred or equivalent experience: 5+ years Underwriting/Claims/Loss Control or other insurance-related experience;
