Full-Time

Workers Compensation Insurance Product Manager

Posted on 8/5/2024

Next Insurance

Next Insurance

501-1,000 employees

Tailored business insurance for small businesses

Consulting
Financial Services

Compensation Overview

$143k - $194kAnnually

+ Equity Incentive Program

Senior

Boston, MA, USA + 1 more

More locations: Waltham, MA, USA

Hybrid role; requires in-office presence.

Category
Product Management
Product Research
Product Strategy
Product
Required Skills
Data Science
Product Management
Data Analysis
Requirements
  • 5+ years of Workers Compensation insurance experience in product management, underwriting, or actuarial.
  • Experience in the SMB space
  • Experience in working with Insurance Sales & Marketing teams to develop product strategies to optimize sales
  • Proven experience in using data driven methods in decision making and strong analysis skills
  • Customer obsessed, passionate about making great products that serve and empower small business owners
  • Highly organized, able to handle multiple projects at once, and make progress on all fronts
  • Able to work independently and comfortable with ambiguity
  • BA/BS degree from a top university preferred but not required
Responsibilities
  • Become a go-to expert for the growth for our workers compensation product, overseeing the product sales success and looking for ways to improve
  • Conduct industry research, competitive benchmarking, and small business owner interviews then leverage that knowledge to prioritize the target customer’s biggest insurance needs
  • Be responsible for the growth and profitability of our workers compensation insurance product line by supporting the creation of insurance offering, filing and roll out strategy to new geographies and customer segments
  • Partner closely with multiple teams at Next including primarily our Sales Distribution Teams and also Technical Product, Engineering, Data Science, Analytics, Claims, Compliance, Customer Operations, and Legal
  • Use the voice of the customer and product performance data to identify improvement opportunities the sales of our products and then act on them
  • Be the ambassador of the line of business to our distribution internal stakeholders as well as external partners (e.g. Reinsurers, Agents, Partners, etc.)

Next Insurance specializes in providing business insurance solutions tailored to the unique needs of small businesses, including general liability, workers' compensation, professional liability, and commercial property insurance. The company is renowned for simplifying the insurance process for self-employed individuals and small business owners, emphasizing affordability and customized coverage. This focus on the practical needs of entrepreneurs, combined with its innovative approach to insurance services, makes it an attractive workplace for those keen on making a real impact in the insurance industry.

Company Stage

Series G

Total Funding

$1.1B

Headquarters

Palo Alto, California

Founded

2015

Growth & Insights
Headcount

6 month growth

3%

1 year growth

6%

2 year growth

11%
Simplify Jobs

Simplify's Take

What believers are saying

  • Integration with AI tools enhances customer experience with instant support and recommendations.
  • The rise of gig economy platforms increases demand for flexible insurance solutions.
  • Growing trend towards embedded insurance enhances customer convenience and market reach.

What critics are saying

  • Increased competition from traditional insurers entering the digital space challenges market share.
  • Partnership with Netchex may expose data privacy and compliance risks.
  • Rapid expansion into new product lines could strain resources and lead to inefficiencies.

What makes Next Insurance unique

  • Next Insurance offers standalone professional liability coverage tailored for consultants.
  • The company uses technology to eliminate agents, reducing costs for small businesses.
  • Next Insurance provides a comprehensive Business Owner's Policy for small businesses.

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