Commercial Insurance Risk & Pricing Manager
Job Description: • Refine insurance products based on market research, customer insights, and competitive analysis. • Define product roadmaps and work with cross-functional teams to bring new products and coverage features to market. • Monitor industry trends and regulatory changes to ensure compliance and competitiveness. • Refine pricing models that balance risk and profitability. • Analyze claims data, model cat losses, and underwriting performance to refine pricing strategies, rating factors, and underwriting rules. • Maintain and update underwriting guidelines and practices. • Conduct research to identify customer needs, market trends, and competitive positioning. • Recommend product enhancements and new opportunities based on data-driven insights. • Work closely with sales to fully understand customer needs and ensure product has sufficient features and pricing to be competitive in the market. • Work closely with underwriting, sales, legal, marketing, and technology teams to ensure successful product launches. • Provide training and support to sales teams to effectively position and sell products. • Ensure all products comply with non-admitted insurance regulations and company policies. Conduct independent research of state statutes where required. • Work with legal resources and carrier personnel to obtain necessary approvals for coverage and forms changes. • Track and monitor key performance metrics, including conversion rate, quote cycle time, claims experience, profitability, PML and aggregation. • Adjust product features and pricing as needed to optimize performance. Requirements: • Education: Bachelor’s degree in Engineering, Sciences, Business, Finance, Insurance, Actuarial Science, or a related field. Relevant work experience and demonstrated skills can substitute for formal education. • Experience: 3+ years of insurance product management and/or analytics within the insurance industry (property & casualty or specialty insurance). • Strong Excel skills required. Python or other programming language and SQL skills are preferred. • Strong understanding of underwriting, coverages, actuarial principles, and regulatory requirements. Cat modeling experience is plus. • Experience in data analysis, pricing strategies, and risk assessment. • Experience in commercial lines or specialty insurance is a plus. • Excellent communication and stakeholder management skills. • Ability to think strategically while managing day-to-day operational details. Benefits: • Unlimited PTO • Full health benefits • Flexible work setups Apply tot his job