About the Role
Drive profit, growth, and retention for auto insurance products through data-driven strategies and product lifecycle management.
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.
- Partner with Actuarial, Underwriting, Claims, Sales, Marketing, IT, and Legal along with external stakeholders such as agents, vendors and regulators.
- 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.
Requirements
- Experience in developing and executing data-driven strategies.
- Proven ability to manage the product lifecycle from conception to implementation.
- Strong analytical skills for pricing, underwriting, and market analysis.
- Experience in regulatory compliance and state filings.
- Ability to collaborate effectively with cross-functional teams and external stakeholders.
Skills
- Data Analysis
- Product Management
- Pricing Strategy
- Underwriting Guidelines
- Market Research
- Regulatory Compliance
- KPI Tracking
- Cross-functional Collaboration
