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Full-Time

Associate Insurance Product Manager

Confirmed live in the last 24 hours

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance

Financial Services

Compensation Overview

$64k - $185kAnnually

Senior, Expert

Cleveland, OH, USA + 2 more

More locations: Lakeland, FL, USA | Bethesda, MD, USA

Hybrid role requiring on-site presence 3 days per week at one of the following locations: Chevy Chase MD, Lakeland FL, Cleveland OH.

Category
Product Management
Product Strategy
Product
Required Skills
Communications
Management
Requirements
  • Prior experience in pricing and/or product analysis / product management with an understanding of basic product management concepts
  • Minimum of 5 years in P&C insurance industry with an understanding of the current environment
  • Working knowledge of insurance regulation and related business constraints
  • Capable of managing states with management oversight
  • Bachelor’s degree with relevant academic background
  • Must be a self-motivated, goal oriented individual with curiosity
  • Demonstrated ability to exchange ideas and convey complex information clearly, both verbally and in writing
  • Strong analytical abilities with solid understanding of pricing techniques and insurance operations including underwriting
  • Must have good planning, organizational, decision-making and communication skills
  • High level knowledge of data sources, tools, and modeling techniques
  • Ability to adapt to a fast-paced and changing environment and get work done through others
Responsibilities
  • Manage state(s) to meet profitability targets and grow as fast as possible
  • Understand the assigned markets and develop specific strategies related to price, product and underwriting
  • Utilize analytical problem solving and leadership skills to execute and deliver product initiatives
  • Collaborate with subject matter experts and other company leaders to implement changes that enhance the customer experience
  • Research the competition to develop opportunity and threat assessments
  • Review and make recommendations on process and governance from a country-wide state management perspective
  • Direct end-to-end lifecycle of department and corporate initiatives
  • Advocate on behalf of the company with regulators and consultants and in legal and compliance matters
  • Manage rate filings through approval, reviewing and approving text for rate reviews, filings and internal communications
  • Implement product changes effectively and in compliance with laws and regulations

GEICO provides a range of insurance products, with a primary focus on auto insurance. The company sells policies directly to consumers, which allows them to offer lower rates by eliminating intermediaries like brokers. Customers can obtain quotes, manage their policies, and file claims through GEICO's user-friendly website. In addition to auto insurance, GEICO also covers motorcycles, ATVs, RVs, as well as home and renters insurance. What sets GEICO apart from its competitors is its strong online presence and memorable advertising campaigns that enhance brand recognition and customer loyalty. The goal of GEICO is to simplify the insurance process for its customers while providing competitive rates and comprehensive coverage options.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Tulsa, Oklahoma

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • GEICO's strong financial performance, as evidenced by its recent $1.78 billion profit in Q2, indicates robust business health and growth potential.
  • The company's new fan engagement platform with MLB could enhance brand visibility and customer engagement.
  • Recognition of military service members through awards highlights GEICO's commitment to community and social responsibility, potentially attracting a loyal customer base.

What critics are saying

  • Allegations of discriminatory practices and ongoing legal challenges could damage GEICO's reputation and lead to financial penalties.
  • The competitive landscape in the insurance industry, with strong players like State Farm and Progressive, requires continuous innovation to maintain market share.

What makes Geico unique

  • GEICO's direct-to-consumer model allows it to offer competitive rates by eliminating intermediaries, unlike many traditional insurance companies.
  • The company's extensive online presence and user-friendly website provide a seamless customer experience for managing policies and filing claims, setting it apart from competitors.
  • GEICO's memorable advertising campaigns have significantly boosted brand recognition and customer loyalty, a competitive edge in the crowded insurance market.