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ISC (Integrated Specialty Coverages, LLC) · 1 month ago

Product Manager (P&C Commercial Lines)

United States

Full-time

Remote

Entry, Mid Level

$125K/yr - $150K/yr

2+ years exp

Integrated Specialty Coverages, LLC (ISC) is a technology and data-driven commercial insurance wholesaler seeking a Commercial Lines Product Manager focused on P&C insurance. The role involves optimizing MGA gross margin through collaboration with underwriting, technology, and management teams, while leveraging data analytics to enhance operational efficiency and product performance.

Artificial Intelligence (AI)Information TechnologyInsuranceInsurTech

No H1B

Responsibilities

Develop and maintain product scorecards to monitor key product performance indicators, evaluate scorecards to identify trends in program performance, opportunities, and actionable recommendations. Compile results to share with Business Unit leaders and company management

Acquire Subject Matter Expertise on insured policy and claim data acquired by ISC and partner systems, including data retention and storage and reportability and visualization using ISC data warehouse and reporting tools. Use SQL, Python or other analytical applications to acquire, summarize and report policy, premium and loss data. Use data and information for reporting and analysis to develop insights, unearth opportunities, increase process efficiency and improve automation

Work with underwriting business unit leaders to manage the rating plans, including ISO advisory rates and independent pricing. Employ pricing strategies and direction to aid the business unit leaders. Monitor and summarize premium and exposure trends and underwriter discretionary rating activity at the portfolio level. Analyze program metrics, underwriting insights and market environment to identify price segmentation opportunities. Lead the implementation efforts in conjunction with the Tech team

Work with underwriting business unit leaders to manage the policy forms kits, including ISO, carrier-specific and proprietary policy forms and applications. Lead the implementation efforts in conjunction with the Tech team

Work with underwriting business unit leaders and tech team to identify and describe requirements to streamline, structure and automate new and renewal underwriting and policy issuance processes applicable to agents or underwriters. Evaluate third-party data sources which may improve process efficiency or risk assessment

Work with ISC tech team to ensure loss runs from claims TPAs are properly ingested, archived and reported. Analyze loss results with appropriate considerations for statistical credibility and loss development maturity

Develop a detailed understanding of key competitors and market segments. Evaluate ISC competitive advantages and identify opportunities to exploit them. Expose competitive gaps and work to close them through product enhancements

Work with underwriting business unit leaders to optimize financial results by balancing production, loss ratio, and agency commission and fees

Qualification

P&C insurance product managementInsurance pricing strategiesSQLPythonData analysisCommercial lines rating plansActuarial fundamentalsProcess analysisAutomation competencyExceptional communicationInterpersonal skills

Required

Bachelor's degree required, Quantitative discipline preferred

2-3 years P&C insurance product management experience, or 3-5 years P&C insurance Product Analyst experience

Familiarity with P&C insurance policy and claims work processes and P&C insurance data and relevant metrics

Experience with commercial lines rating plans using ISO loss costs or proprietary rating plans

Expertise in insurance pricing strategies, particularly within the property and casualty insurance space

Demonstrated process analysis and automation competency

Strong analytical and data skills. Excel power user. Experience with SQL, Python or other data extraction and reporting tools to acquire policy and premium data from data warehouse tables

Working knowledge of actuarial fundamentals including loss development triangles, rate level indications, premium trends, loss trends and credibility

Exceptional communication and interpersonal skills are required to collaborate with underwriters and other domain experts, brief executives and external partners and develop actionable recommendations for product and process innovations

Benefits

Employee Ownership Program - every eligible employee shares in the financial rewards that grow when the company grows

Professional development opportunities

Owner Referral Program

Work from home reimbursement for remote/hybrid roles

Canary emergency financial assistance program

Comprehensive medical, dental, vision

Life/AD&D Insurance

Confidential, Employee Assistance Program

Health Savings Account, includes company contribution

Short-term disability

Voluntary benefits - supplemental accident, critical illness, hospital insurance

Employee discounts

401(k) Plan with company match contribution

Various Time Off Programs

11 company paid holidays

Company

ISC (Integrated Specialty Coverages, LLC)

Integrated Specialty Coverages (ISC) is a World-Class Program Administrator dedicated to underwriting excellence, client service, and customer experience.

Founded in 2016

Harrison, New York, USA

201-500 employees