B

Brown & Brown Insurance

Provides risk management and insurance solutions

Insurance Product Director

Full-TimeUpdated on 10/23/2026
$200k - $240k/yr
Expert
Bachelor's
Sparks, MD, USA+1 moreMore locations: Maryland, USA
RemoteRemote work is available in Maryland; hybrid work is available in Sparks, Maryland.
Insurance

About the job

Requirements
  • A bachelor's degree and at least ten years of progressively responsible Commercial Property and Casualty insurance experience are required; an equivalent combination of education and highly relevant industry experience may be considered.
  • Substantial home-office product experience involving Commercial Auto, Commercial General Liability, and Excess Liability coverage forms, rating rules, filings, or product governance is required.
  • Deep technical knowledge of ISO products and processes, including coverage forms, endorsements, rules, classifications, loss costs, circulars, and state implementation requirements is required.
  • Demonstrated experience developing, reviewing, or implementing non-ISO, proprietary, and manuscript coverage forms and endorsements is required.
  • Significant experience preparing or managing form, rate, and rule filings and responding to questions or objections from state Departments of Insurance is required.
  • Strong knowledge of admitted, non-admitted, and surplus lines markets and the regulatory and procedural requirements applicable to each is required.
  • Demonstrated ability to analyze complex coverage, rating, regulatory, and policy-construction issues and develop practical, well-supported solutions is required.
  • Experience leading cross-functional initiatives involving Underwriting, Compliance, Legal, Claims, Actuarial, Operations, and Information Technology is required.
  • Strong leadership, project management, written, verbal, analytical, organizational, and interpersonal communication skills are required.
  • Advanced proficiency in Microsoft Office, including Excel, and experience working with policy administration, rating, forms, filing, or regulatory systems are required.
Responsibilities
  • Own and manage the Commercial Auto, Commercial General Liability, and Excess Liability product framework, including coverage forms, endorsements, rating rules, underwriting rules, state requirements, and product documentation.
  • Serve as the primary technical resource for complex questions involving coverage interpretation, policy construction, rating methodology, form selection, regulatory requirements, and product best practices.
  • Develop and maintain product standards governing the appropriate use of ISO forms, company-specific forms, non-ISO forms, and manuscript endorsements.
  • Evaluate how definitions, insuring agreements, exclusions, conditions, limits, aggregates, defense provisions, and endorsements interact within a policy and across primary and excess layers.
  • Identify and resolve coverage gaps, conflicting provisions, unintended coverage grants, inconsistencies between underlying and excess policies, and other policy-construction concerns.
  • Maintain current knowledge of ISO circulars, coverage revisions, rules, classifications, loss costs, rating plans, and implementation requirements, and assess their impact on products and portfolio.
  • Lead review and implementation of new or revised ISO programs and determine where to adopt, modify, defer, or supplement ISO content.
  • Develop, revise, and maintain proprietary coverage forms, endorsements, rules, and supporting product materials in coordination with Legal, Compliance, Underwriting, Claims, Actuarial, and external resources.
  • Oversee state form, rate, and rule filing strategies for admitted products, including preparing and submitting filings, managing objections, and coordinating responses to state Departments of Insurance.
  • Communicate directly with state insurance regulators, filing counsel, fronting carriers, and other external partners to address product questions, filing objections, regulatory concerns, and approval requirements.
  • Apply knowledge of admitted, non-admitted, and surplus lines markets, including state-specific requirements, filing obligations, documentation standards, stamping or tax considerations, and placement limitations.
  • Establish and maintain a state-by-state product matrix identifying approved forms, rates, rules, deviations, required notices, cancellation and nonrenewal requirements, and other jurisdiction-specific considerations.
  • Monitor legislative, regulatory, judicial, ISO, and market developments that may affect products and coordinate timely changes to forms, rules, procedures, and systems.
  • Provide product guidance regarding trucking and transportation exposures, including motor-carrier coverage requirements, financial responsibility filings, policy forms, rating considerations, and state or federal regulatory requirements.
  • Support the captive and alternative-risk product suite by ensuring that primary, captive, pooled, fronting, and excess layers are documented clearly and operate as intended from a coverage and policy-construction perspective.
  • Evaluate the interaction among deductibles, self-insured retentions, captive participation, loss funds, attachment points, limits, fronting arrangements, reinsurance, and excess coverage to identify structural or documentation concerns.
  • Develop product governance standards, approval protocols, and controls for new products, coverage enhancements, manuscript endorsements, state exceptions, and deviations from established product requirements.
  • Translate product requirements into clear business specifications for policy administration, rating, document-generation, workflow, and data systems, and participate in testing and implementation validation.
  • Partner with Claims to evaluate coverage disputes, litigation trends, and emerging interpretations, and use those insights to improve forms, endorsements, product guidance, and policy-construction practices.
  • Partner with Actuarial to ensure that rating plans, loss costs, classification structures, increased-limits factors, deductible credits, and other rating components are implemented accurately and consistently with approved product rules.
  • Provide functional leadership and coordination to internal subject-matter experts, external consultants, filing resources, and product vendors supporting Commercial Casualty products.
  • Advise senior leadership regarding product-related risks, regulatory developments, market practices, implementation priorities, and opportunities to enhance the product suite.
  • Maintain complete and accurate records of product decisions, regulatory approvals, form and rate changes, implementation requirements, and governance actions.
  • Manage multiple complex product initiatives simultaneously while meeting established deadlines and maintaining technical accuracy, regulatory compliance, and execution quality.
Desired Qualifications
  • Commercial Auto product experience involving trucking, motor carriers, or other transportation risks is preferred.
  • Experience supporting captive insurance, fronting, alternative-risk, or multilayer casualty program structures is preferred.
  • Experience with SERFF and other regulatory filing or product-content management platforms is preferred.
  • Experience implementing insurance products within a policy administration system and translating coverage, rating, and state requirements into business and system specifications is preferred.
  • A Property and Casualty insurance license and/or a recognized industry designation such as CPCU, AU, ARM, CIC, or ARe is preferred.
  • Prior experience providing functional leadership to product specialists, analysts, filing professionals, or external product resources is preferred.

About the company

B

Brown & Brown Insurance

View

Brown & Brown provides risk management and insurance solutions to businesses and individuals through its Retail and Specialty Distribution segments. The company works by acting as an intermediary to identify specific risks and connect customers with tailored insurance policies that protect their assets. Unlike many competitors, it combines the scale of a large global brokerage with a decentralized culture that emphasizes local community involvement and a team-based approach to service. Its goal is to provide superior risk protection and long-term security for customers by consistently prioritizing their best interests.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Leeds, United Kingdom

Founded

1914

Get referred to Brown & Brown Insurance

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 30.4%; adjusted EBITDA hit $598 million.
  • Management expects $30 million-$40 million in Accession synergies during 2026.
  • Second-half organic growth guidance stays positive: Retail 1.5%-2.5%, Specialty Distribution 2%-4%.

What critics are saying

  • Organic revenue fell 0.7% in Q2 2026, exposing acquisition dependence.
  • Interest expense doubled to $100 million after Accession debt, squeezing margins and buybacks.
  • Private-equity-backed brokers keep poaching producers; one bad retention cycle can break organic growth.

What makes Brown & Brown Insurance unique

  • Accession added 2026 scale, lifting second-quarter revenue 30.4% to $1.68 billion.
  • Anthropic, McKinsey, and Accenture embed AI across 23,000 employees, widening operating leverage.
  • Brown & Brown spans 44 states and 14 countries, reducing dependence on any one market.

Help us improve and share your feedback! Did you find this helpful?

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Student Loan Assistance
  • Tuition Reimbursement
  • Mental Health Support
  • Unlimited Paid Time Off
  • Paid Vacation

Company News

Yahoo Finance
Oct 12th, 2026
Brown & Brown's core growth stalls as insurer payments mask a 0.3% organic revenue decline

Brown & Brown (NYSE: BRO), an insurance broker, faces pressure as falling catastrophe-property rates cut commissions. First-half 2026 organic revenue fell 0.3%, though it rose 1.6% when contingent commissions from insurers are included. Contingent commissions, which depend largely on insurers' underwriting profits, have cushioned the decline. The company's Specialty Distribution division shrank 3.5% in the second quarter, while Retail grew 1.5%. The August 2025 acquisition of RSC Topco, Inc. lifted reported revenue 30.4%. Quarterly interest expense rose to $100 million from $51 million, and diluted shares increased to 334 million from 293 million. The stock trades at about 13x forward earnings, against 20x trailing. Rival Arthur J. Gallagher & Co. trades at about 16x, with faster expected earnings growth.

Yahoo Finance
Aug 14th, 2026
Brown & Brown stock trades at 15.04X P/E, below industry average of 16.51X

Brown & Brown shares are trading at a discount to the insurance brokerage industry, with a forward price-to-earnings ratio of 15.04X versus the industry average of 16.51X. The company has a market capitalisation of $23.96 billion. The stock has gained 27.4% over the past three months, outperforming the industry's 22.4% growth. Analysts' average price target of $76.44 suggests a potential 7.6% upside from recent levels. The Zacks Consensus Estimate projects 2026 earnings per share to increase 5.6% year-over-year, with revenues reaching $7.04 billion, up 19.2%. Growth is supported by increasing new business, strong client retention, and strategic acquisitions. The company's recent Accession acquisition contributed approximately $410 million to second-quarter 2026 revenues, with expected synergies of $30-$40 million in 2026.

Yahoo Finance
Aug 13th, 2026
Brown & Brown tops insurance brokers' revenue growth but misses Q2 estimates by 2.5%

Five insurance brokers stocks reported largely satisfactory Q2 earnings, with revenues beating analyst consensus estimates by 0.8% overall. Share prices have held steady, rising 2.1% on average since results were released. Brown & Brown reported revenues of $1.68 billion, up 30.4% year on year. However, this figure fell short of analyst expectations by 2.5%. Despite scoring the fastest revenue growth amongst peers, it had the weakest performance against analyst estimates. The stock has risen 2.7% since reporting and currently trades at $71.60. Ryan Specialty delivered the strongest Q2 performance, reporting revenues of $916.6 million, up 7.2% year on year and outperforming analyst expectations by 5.3%. The insurance brokerage industry benefits from rising risk complexity and regulatory scrutiny, though faces challenges from labour intensity and wage inflation.

Yahoo Finance
Aug 3rd, 2026
Brown & Brown Q2 revenue misses estimates at $1.68B despite 30% growth

Brown & Brown reported second quarter 2026 results that missed revenue expectations but showed strong year-on-year growth. Revenue rose 30.4% to $1.68 billion, below the $1.72 billion analyst estimate. Management attributed performance to strong contingent commissions, effective acquisition integration, and improved sales processes. CEO J. Powell Brown said the company's enhanced sales model is building momentum with aligned teams generating new business wins. Operating margin declined year-over-year to 22.9% from 24.2%, though the company made progress controlling expenses. Adjusted EBITDA of $611 million beat analyst estimates of $603.1 million. During the earnings call, analysts questioned MGA competition impacts, European expansion plans, and technology investment costs. Management stressed disciplined underwriting and confirmed synergy targets remain unchanged.

Yahoo Finance
Aug 1st, 2026
Brown & Brown reports Q2 revenue of $1.68B but trades 6.9% below fair value target of $75.63

Brown & Brown reported Q2 2026 results with revenue of $1.676 billion and net income of $288 million. The insurance broker's shares closed at $70.40, posting a 22.16% gain over 90 days but down 9.30% year-to-date and 23.00% over one year. Valuation models suggest a fair value of $75.63, indicating the stock is 6.9% undervalued. The company's diversified portfolio across geographies and business lines supports earnings stability. However, the price-to-earnings ratio of 19.8x exceeds both the US insurance industry average of 12.1x and the stock's fair ratio of 12.5x. Risks include rising pharmacy costs in benefits and potential Florida legislative changes that could pressure margins.