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Full-Time

Workers Compensation Insurance Product Manager

Updated on 10/3/2024

Next Insurance

Next Insurance

501-1,000 employees

Tailored business insurance for small businesses

Financial Services
Consulting

Compensation Overview

$143k - $194kAnnually

+ Equity Incentive Program

Senior, Expert

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
Sales
Data Science
Marketing
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 F

Total Funding

$1.2B

Headquarters

Palo Alto, California

Founded

2015

Growth & Insights
Headcount

6 month growth

3%

1 year growth

5%

2 year growth

9%
Simplify Jobs

Simplify's Take

What believers are saying

  • NEXT's innovative digital tools and AI-driven platform can significantly simplify insurance management for small businesses, potentially leading to high customer satisfaction and retention.
  • The launch of the Business Owner's Policy (BOP) positions NEXT as a leader in providing comprehensive, customizable insurance solutions tailored to small businesses.
  • Partnerships with companies like LegalZoom and Netchex expand NEXT's market reach and service capabilities, offering employees opportunities to work on cutting-edge integrations.

What critics are saying

  • The competitive landscape of digital insurance is rapidly evolving, requiring NEXT to continuously innovate to maintain its edge.
  • Dependence on AI and digital platforms may expose NEXT to cybersecurity risks and technological failures.

What makes Next Insurance unique

  • NEXT Insurance leverages an AI-powered, proprietary platform to streamline the insurance process for small businesses, setting it apart from traditional insurers.
  • The company's focus on digital solutions, such as the Business Owner's Policy (BOP), simplifies complex insurance needs into a single, manageable policy.
  • Strategic integrations with platforms like Netchex enhance NEXT's service offerings, making it a more comprehensive solution for small business owners.