Arbella Insurance Group · 4 days ago
AVP Personal Lines Product
Quincy, MA
Full-time
Onsite
Senior Level, Lead/Staff
$200K/yr - $240K/yr
10+ years expArbella Insurance Group is seeking an Assistant Vice President for Personal Lines products to provide strategic vision and drive product development and profitability. The role involves overseeing complex projects, managing product rate settings, and collaborating with various departments to enhance business performance and competitive advantage.
Insurance
Responsibilities
Assist in the formulation and thought leadership around important aspects of the PL business that affect the firms’ ability to grow and be profitable. Outline potential enhancements to strategy to take advantage of marketplace opportunities
Primary product management responsibilities of Auto, Home, Dwelling Fire, and Umbrella Product rate setting, forms, and competitive position. Oversight of strategy and evolution of rating algorithms for all products. Manage filings and negotiates with the Department of Insurance to gain approval
Monitors marketplace trends, and works with agent partners, marketing and other internal teams to devise effective product and ease of doing business improvements aimed at creating a competitive advantage for Arbella. Works with IT to manage projects, create requirements, collaborates on implementation and tests outcomes
Monitoring PL results and trends to identify strengths and weaknesses in the business. Outline areas of opportunity to improve business performance and lead initiatives to research and outline potential initiatives to drive improvements in retention, account rounding and other additional selling opportunities. Additionally, analyze and drive customer segment strategies
Lead the development of revenue and profit forecasts for business planning purposes in terms of exposures, premium, and retention. Consults on monitoring of revenue and profit performance against objectives and variance analyses to explain deviations in performance against plan and prior. Assists in the formation of the strategic investments and priorities with I/T for annual and 3-year plans. Advocates for those same priorities
Partners with PL Underwriting on appetite, guidelines, desired customer profile, profit improvement activities and general underwriting direction. Provides PL Underwriting with needed reports to effectively manage agents and books of business. Regularly partners with other departments such as Actuarial, Claims, and Finance to identify trends that impact profitability
Oversees and leads critical vendor relationships for PL, while developing leaders to manage the relationships day to day. Looks for opportunities to partner with other internal departments to leverage and enhance contractual agreements and costs with vendors across the organization
Product rollout strategy – partner with underwriting, product, Marketing and Corporate Communications to craft product roll out strategies to maximize market impact
Responds to regulator inquiry with needed analysis and fact finding. Acts as SME for the rest of the organization to finalize our response in concert with Office of General Counsel staff
Competitive intelligence – research on a macro level what our direct competitors’ strengths and weaknesses on a quarterly basis, outline how we can adjust our approach to capture more business. Lead research efforts when Arbella is considering entering a new state. Research potential joint ventures and partnerships to further our business
Lead, coach, and develop a high achieving team of leaders and individual contributors. Develops management staff to achieve a strong, flexible, and pro-active team. Leads and nurtures an environment that promotes employee engagement. Expands resource sharing and career opportunities
Qualification
Required
Intimate working knowledge of the Personal Lines Property and Casualty insurance industry including pricing, product, underwriting practices and competitive analysis
Experience working in complex states
Intimate experience working DOI relationships
Experience working in a financial capacity including budget and expense management
Skilled in project management
In depth experience developing, leading, and managing a team of leaders and analysts
Experience working with technology teams to execute product, pricing, and system changes
Bachelor's Degree plus 10 years experience with Personal Lines Product, Pricing and Underwriting Management
Preferred
Independent Agency and Captive Agency experience preferred
Master's Degree preferred
Company
Arbella Insurance Group
Voted a Boston Business Journal Best Place to Work since 2009! Founded in 1988 in Quincy, Massachusetts, Arbella provides affordable car, home, and business insurance in Massachusetts and Connecticut, and business insurance in New Hampshire and Rhode Island.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$0.04M2013-11-01Series Unknown· $0.04M
Leadership Team
Chris Hall
Executive Vice President, Chief Financial Officer and Treasurer
Janet Corcoran
Executive VP and COO
Recent News
2026-01-07
Coverager - Insurance news and insights
2025-03-10
2023-12-23
Company data provided by crunchbase