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

Mid

No H1B Sponsorship

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
Required Skills
Product Management
Data Analysis
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, and offers 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 company's goal 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

1936

Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion into North Texas boosts GEICO's commercial insurance capabilities.
  • AI integration in claims processing reduces costs and improves operational efficiency.
  • Growing demand for cybersecurity insurance presents new product opportunities for GEICO.

What critics are saying

  • Regulatory scrutiny and penalties for data breaches may harm GEICO's reputation.
  • Departure of key marketing personnel could disrupt customer acquisition strategies.
  • Unresolved claims, like the stolen car case, may lead to negative publicity.

What makes Geico unique

  • GEICO's direct-to-consumer model offers competitive rates by eliminating intermediaries.
  • Strong online presence allows easy policy management and claims filing for customers.
  • Memorable advertising campaigns enhance brand recognition and customer loyalty.

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