Job Overview:
The Senior Product Manager will lead a team of 4 and drive the development of innovative insurance solutions for commercial property carriers. This role requires deep expertise in commercial property insurance policy and product development, with a focus on responding to emerging trends such as climate change and generative AI. The Senior Product Manager will collaborate closely with insurance carriers to create products that help minimize payouts and reduce customer losses during significant events like hailstorms, wildfires, and windstorms.
Key Responsibilities:
- Lead and manage a team of 4, overseeing the development of insurance solutions that address emerging risks and industry trends.
- Develop and refine commercial property insurance products, ensuring that policy language meets the evolving needs of the market.
- Stay ahead of industry changes, including climate change impacts (e.g., intensive hail, wildfires) and emerging technologies such as generative AI, and translate these into actionable insurance solutions.
- Collaborate with insurance carriers to understand their challenges and develop products that help them minimize payouts and manage risk in loss events.
- Create innovative solutions that allow customers to mitigate losses in events like hailstorms, windstorms, and wildfires.
- Stay informed of regulatory changes and insurance landscape shifts, ensuring all product offerings remain compliant and competitive.
- Communicate and present product strategies and solutions to internal and external stakeholders, including carriers, executives, and industry partners.
- Develop and maintain strong relationships with insurance carriers, acting as a trusted advisor and resource for policy development.
Requirements:
- 7+ years of experience in commercial property insurance policy or product development.
- Proven experience as a people manager with at least 4 years managing a team.
- Strong domain expertise in commercial property policy language and product design, with the ability to navigate changing industry landscapes.
- Exceptional communication skills, both written and verbal, with the ability to present ideas and strategies clearly and professionally.
- Demonstrated ability to create and implement innovative insurance solutions that address emerging risks, such as climate change and new technologies.
- Strong collaboration skills and the ability to work cross-functionally with internal teams, insurance carriers, and other stakeholders.
- Proven problem-solving abilities and a customer-centric mindset, with a focus on minimizing loss and risk for insurance carriers and their customers.
Preferred Qualifications:
- Experience with generative AI and how it impacts the insurance industry.
- Knowledge of climate-related risks and their impact on commercial property insurance policies.
- Proven ability to navigate and respond to emerging trends within the insurance industry.
Soft Skills:
- Strong leadership and mentorship capabilities to guide and develop a team.
- Ability to adapt quickly to changing industry trends and regulations.
- A proactive mindset, with the ability to anticipate industry needs and create forward-thinking solutions.