Insurance Product Development Manager - Commercial Lines jobs in United States
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AIG · 1 week ago

Insurance Product Development Manager - Commercial Lines

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Product Development Manager to oversee the product development processes within the Programs Division. This role involves managing product filings, coordinating with various stakeholders, and conducting market research to enhance product offerings.

BankingFinancial ServicesInsurance

Responsibilities

Maintain product and filings knowledge and ownership of assigned products/programs
Assist Underwriting and Program Development in the analysis, development and documentation of products (rates/rules/forms) with a focused responsibility for rate/rule page manuals development and complex forms drafting
Coordinate product review with various stakeholders (Program Managers, Product Line Officers, Actuarial, Claims, Compliance, Systems, Program Administrator, etc.) and drive to conclusion the Legal review and approval process for forms/endorsements
Assist in the development and implementation of product and filings strategy
Handle all coordination aspects of the state filings submission process serving as a liaison between AIG Programs staff and the AIG State Filings Department. Responsible for the accurate completion of all required filing related transmission documentation
Coordinate the response to State Insurance Department objections on state filings with input from Program Managers, Product Line Officers, Program Administrator, Actuarial and Legal. Direct AIG State Filings Department personnel on responding
Provide product support for market conduct inquiries
Coordinate state filing product approvals to include notification to Program Administrators, Underwriting and AIG Systems/Operations for implementation. Provide related system programming specifications to align with product/filing intent
Conduct research on competitor products and state filings and periodically monitor for market changes. Analyze and compare product offerings and provide related guidance on Program development and expansion opportunities
Provide support and corresponding organizational control to the manuscript endorsement request/development process. In addition to any product drafting/review efforts required, provide regulatory guidance on acceptability and maintain manuscript forms library and inventory/tracking sheet in shared environment
Participate in coordination meetings with other business units and support areas of AIG to ensure that the administration, state filing and system implementation activities of AIG Programs are in sync with the rest of the organization
Maintain a library of finalized product for reference
Develop and maintain SOPs to reflect various aspects of the product filing and implementation processes

Qualification

Commercial Lines insuranceISO Commercial Lines productsInsurance designations CPCUInsurance designations AUInsurance designations ARMMicrosoft Office proficiencyResearch skillsProject management skillsEffective communication skillsOrganizational skills

Required

7+ years of relevant experience in insurance industry
Experience in Commercial Lines property/casualty insurance products
Experience in ISO Commercial Lines products, package policy structure, admitted and non-admitted products, and Programs business
Proficiency in Microsoft Office applications – Word, Excel, PowerPoint, etc
Strong research skills, including use of AM Best State Filings, RateFilings.com, SERFF, etc
Effective oral and written communication skills
Excellent organizational and project management skills

Preferred

Bachelor's degree and insurance designations (CPCU, AU, ARM, etc.) preferred, will consider applicable insurance experience in lieu of degree

Benefits

Total Rewards Program
Benefits focused on your health, wellbeing and financial security
Professional development

Company

AIG is a global insurance company providing insurance products to support clients in business and in life.

Funding

Current Stage
Late Stage

Leadership Team

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Kelly Lafnitzegger
Executive Vice President and Chief Human Resources Officer
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Charlie Fry
EVP, Reinsurance Purchasing and Risk Capital Optimization
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