The Role
Own product strategy, development, pricing, and regulatory compliance for auto insurance products in assigned state(s). Collaborate cross-functionally to define features, set underwriting and pricing, manage state filings, monitor KPIs, and drive growth and retention.
Summary Generated by Built In
- 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.
Skills Required
- Develop and execute data-driven strategies to meet profit, growth, and retention targets
- Define features, manage product lifecycle, and create specifications for implementation with IT and business units
- Analyze data to develop and adjust pricing, underwriting guidelines, and coverage plans
- Research market trends, competitor actions, and regulatory changes to inform product decisions
- Collaborate with Actuarial, Underwriting, Claims, Sales, Marketing, IT, Legal, agents, vendors, and regulators
- Develop and manage state rate, rule, and form filings and interact with State Insurance Departments
- Track KPIs (loss ratio, retention, growth) and implement corrective actions
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The Company
What We Do
Founded in 1998, AssuranceAmerica provides basic, low limits property and casualty insurance coverage to the private automobile segment through a network of over 4,000 highly professional independent agents.
