Product Development Specialist / Sr. Product Development Specialist at Markel

| Richmond, VA
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Company Information:

What we look for
Our exceptional and motivated employees are our greatest strength. Our employees provide the highest level of

customer service and help maintain our position as a leader in the global marketplace.

Markel Style
The Markel Style is what makes us stand out from our competitors. It's our core value which should underpin how we do business, while influencing our behavior and performance. We are looking for people who have potential and share our passion to live the Markel Style, which is described in more detail below.

If you think you have these core attributes we want to hear from you.

Job Summary:
Markel is growing and adding to staff in our Product & Regulatory Services Division! The Product Development Specialist/Senior Product Development Specialist is responsible for form development of new or revised insurance products and programs, drafting insurance documents and researching coverage forms for the Markel US Insurance.

  • Develop forms for new and revised coverages and products for product leadership that convey underwriting intent, demonstrate market competitiveness, and incorporate clear and supportable language for the successful resolution of claims;
  • Identify and confirm compliance with applicable regulations;
  • Research competitors' forms and perform coverage comparisons as requested by the product line leader; propose changes in policy language, as warranted;
  • Analyze, interpret, and communicate impact of bureau form changes, and determine impact on existing coverage forms;
  • Facilitate and conduct form project meetings by product, program, or line of business;
  • Prepare proprietary forms and filing notices to assist department members on accurate and timely submission of product filings and State Department of Insurance requests;
  • Prepare communications regarding form management to underwriting and business leadership;
  • Conduct product training as needed;
  • Assist, mentor, coach and proactively share knowledge in area of expertise with other associates;
  • Continue to participate in educational opportunities to improve product knowledge.

Work Experience/Skills:
  • Minimum 3 years of experience in the product development and coverage forms area of P&C insurance required;
  • Ability to conceptualize and create insurance forms and endorsements;
  • Ability to interpret state laws and regulations as applicable to the insurance policy life cycle;
  • Proven analytical and problem solving skills;
  • Detail-oriented with strong interpersonal ability;
  • Project management experience preferred;
  • Technically proficient in all standard business software applications including Excel and Word.

Please note: Markel has a phased approach for re-entry into our buildings that is designed to balance the ongoing health, safety, and well-being of our employees with operational considerations and regulatory/ governmental requirements and recommendations. Effective 10/1/21 we have implemented a hybrid return to work strategy that allows for three days in the office every week.

"Why work for us?"

Diversity and inclusion
Markel is truly a global and diverse company. We believe that diversity makes us better business partners and that embracing people's differences can bring amazing results and fuel innovation. We have a portfolio of businesses and product lines that operate around the world.

Community involvement
Markel has a rich heritage of supporting communities across the world where our customers and employees live and work. Giving back is part of our history and our future. Our employees share in this philosophy through volunteering, mentoring and fundraising.

Commitment to open doors

Markel is committed to creating the best work environment. Our open-door policy is essential in recognizing business issues as they rise and to address the changing needs of our diverse and global workforce. Challenging management is a component of the Markel Style-some of our best ideas start from a conversation between a manager and an employee.

Entrepreneurial spirit

As the Markel Style states, we pursue excellence, strive for a better way, and share the success of others. Markel associates proactively seek new business opportunities, bringing further success to Markel.
More Information on Markel
Markel operates in the Insurance industry. The company is located in Glen Allen, VA. Markel was founded in 1930. It has 3519 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Dental Benefits, Health Insurance Benefits, 401(K), Employee Stock Purchase Plan and Performance Bonus. To see all 30 open jobs at Markel, click here.
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