Full-Time

Auto Insurance Senior Product Manager

Posted on 5/27/2025

Allstate Insurance Company

Allstate Insurance Company

10,001+ employees

Provides various types of insurance products

Compensation Overview

$125.2k - $187.1k/yr

+ Commission + Bonus

Senior, Expert

No H1B Sponsorship

Remote in USA

Remote

Candidates must possess authorization to work in the United States.

Category
Product Management
Product
Required Skills
Product Management
Risk Management
Data Analysis
Requirements
  • 4 year Bachelors Degree (Preferred)
  • 10 or more years of experience (Preferred)
Responsibilities
  • Ownership of P&L for assigned auto insurance states
  • Leads the formulation of strategies using data and analytics to achieve business objectives
  • Analyze data to assess early detection of trends, developing actionable insights and to inform decisions on rates and risk management guidelines. This includes developing new insights and understanding of business performance based on exploratory analytics
  • Proactively leads the identification, development, execution and post implementation evaluation of strategies to address challenges and maximize opportunities
  • Manages competitive landscape analysis to inform rate, risk management guidelines and product decisions
  • Communicates and coordinates state and product efforts with IT, Sales, Compliance, Marketing, Finance and other areas both within the division and throughout the enterprise
  • Ensures product and risk management policies are compliant with state specific regulations; provides regulatory/market conduct exam support as needed
  • Analyzes data and implements product changes in order to meet expectations for profitability, conservation, refinement and geographic expansion of existing business and implementation of any new product structures
  • Works with product analyst resources to drive business growth and profitability
  • Lead cross-functional initiatives, working closely with analysts, actuaries, underwriters, and other stakeholders to drive countrywide projects
  • Mentor junior team members and contribute to a culture of knowledge sharing and continuous improvement within the product organization.
Desired Qualifications
  • 4 year Bachelors Degree (Preferred)
  • 10 or more years of experience (Preferred)
Allstate Insurance Company

Allstate Insurance Company

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Allstate Insurance Company provides a variety of insurance products, including auto, home, and life insurance, to protect individuals and families from financial risks. The company operates by selling insurance policies, which customers pay for through premiums. These premiums are then invested to generate returns for the company. Allstate distinguishes itself from competitors by offering its products through multiple channels, such as agents, online platforms, and partnerships, making it accessible to a wide range of customers. The company's goal is to ensure customer satisfaction and reliability, as reflected in its slogan, "You're in Good Hands with Allstate," while also promoting diversity and engaging in corporate social responsibility initiatives.

Company Size

10,001+

Company Stage

IPO

Headquarters

Northbrook, Illinois

Founded

1931

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased focus on digital transformation can enhance Allstate's operational efficiency.
  • The rise of telematics offers Allstate an opportunity to tailor auto insurance premiums.
  • Growing demand for personalized insurance products can be met by leveraging data analytics.

What critics are saying

  • Increased competition from Nationwide may lead to a loss of market share.
  • Investment in quantum applications may not yield immediate returns.
  • Recent investments in various companies may expose Allstate to market volatility.

What makes Allstate Insurance Company unique

  • Allstate offers a wide range of insurance products, including auto, home, and life.
  • The company uses a multi-channel approach to reach a broad audience.
  • Allstate is committed to inclusive diversity and corporate social responsibility.

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Benefits

Flexible Work Hours

Company News

Bizjournals
Jul 1st, 2025
Nationwide Acquires Allstate for $1.25B

Nationwide has completed a business acquisition from rival Allstate valued at $1.25 billion.

ETF Daily News
Jun 11th, 2025
The Progressive Co. (NYSE:PGR) Stock Position Raised by Miracle Mile Advisors LLC

Allstate Corp purchased a new stake in Progressive in the 4th quarter worth approximately $4,205,000.

Quantum Computing Report
May 7th, 2025
Allstate Joins Chicago Quantum Exchange to Explore Quantum Applications in Insurance

Allstate joins Chicago Quantum Exchange to explore quantum applications in insurance.

Mobile World Live
Apr 22nd, 2025
SquareTrade targets speedier phone swap process

US-based insurance company Allstate acquired SquareTrade in 2017 to provide phone and consumer electronic devices with extended warranties.

ETF Daily News
Apr 6th, 2025
Schroder Investment Management Group Sells 2,376 Shares of Ares Management Co. (NYSE:ARES)

Allstate Corp purchased a new stake in Ares Management in the 4th quarter worth $968,000.

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