The Company is looking to solve the problem of driving profitable growth within assigned states to meet customers' needs for insurance products.
Requirements
- Significant knowledge of filing laws, actuarial principles, rate structures and policy form construction.
- Demonstrate strong analytical skills for data driven decisions.
- Advanced analytical and spreadsheet skills, including current spreadsheet, database, and word processing software such as Excel, Word, SAS and other software that is deployed by the Company to support the Product Management functions.
- Actuarial/Pricing background.
- Professional industry designations (e.g. CPCU).
- Knowledge of insurance products and regulatory environment.
- Experience with data analysis and interpretation.
Responsibilities
- Develop and execute data-driven strategies to achieve profit, growth, and retention targets for auto insurance products within assigned state(s).
- Define features, manage the product lifecycle, create specifications, and work with IT along with other business units to achieve successful implementation.
- Analyze data to develop and adjust pricing, underwriting guidelines, and coverage plans, balancing innovation with financial soundness.
- Research market trends, competitor actions, and regulatory changes to ensure products are priced competitively along with identifying opportunities and risks.
- Develop and manage state rate, rule and form filings along with interacting with State Insurance Departments, and ensure adherence to state regulations.
- Track KPIs for success (loss ratio, retention, growth) and implement corrective actions.
- Partner with Actuarial, Underwriting, Claims, Sales, Marketing, IT, and Legal along with external stakeholders such as agents, vendors and regulators.
Other
- Minimum 5 years’ experience running full P&L over a state or group of states.
- Bachelor’s Degree.
- Excellent communication and influencing skills.
- Demonstrated team building and collaboration skills.
- Direct, results driven, and dedicated to the success of the business and each other.
