Full-Time

Director of Product Management

P&C Insurance

Confirmed live in the last 24 hours

Integrated Specialty Coverages, LLC

Integrated Specialty Coverages, LLC

51-200 employees

Insurance program administration using data and AI

Fintech
Financial Services

Compensation Overview

$160k - $200kAnnually

Senior

No H1B Sponsorship

Remote in USA

Category
Product Management
Product Strategy
Product
Required Skills
Power BI
Data Science
Product Management
SQL
Data Analysis
Requirements
  • Ten-plus years of increasing responsibility as an insurance product analyst, product manager, product director with a US Property Casualty insurance carrier or MGA.
  • 5+ years Supervisory or people leadership experience
  • Demonstrated experience working cross-functionally with all aspects of insurance products, including actuarial analysis, underwriting, compliance, policy language and claims.
  • Bachelors degree in a quantitative discipline – finance, economics, mathematics, computer science, physics, etc.
  • Proficiency in data analysis tools and software including Excel, SQL, Power BI.
Responsibilities
  • Lead and mentor ISC’s team of product managers assigned to support the various business units, fostering an environment of collaboration, data-driven decision-making, and continuous improvement. Embody, model and promote the ISC ownership behaviors.
  • Product Strategy. Develop and maintain a product strategy and product & underwriting road map for key lines of business in conjunction with Business Unit leaders.
  • Program management. Directly manage the programs associated with one or two business units, performing all essential product management functions.
  • KPI and Performance Management. Define, measure and monitor key product performance measures for all programs. Provide actionable insights and recommendations for improvement.
  • Pricing and loss ratio management. Collaborate with the business unit leaders to evaluate price adequacy, manual and discretionary pricing, and price segmentation to deliver target loss ratios. Manage the rating plans to blend advisory loss costs, proprietary rating and underwriter discretionary pricing.
  • Data integrity. Serve as a subject matter expert for policy and risk-based data necessary to evaluate program portfolios, rate adequacy and loss ratios. Collaborate with Business Unit leaders, data science, and engineering colleagues to ensure data are properly captured, stored and reported.
  • Collaborate with BU Leaders and ISC Engineering and Project Management Office to evaluate opportunities to improve underwriting automation and data collection.
  • Analytical advancements. Identify and evaluate third-party data services for use in pricing, underwriting and automation. Participate in advanced analytics research as business side subject matter expert and lead the incorporation of analytical innovations into the programs.
  • Risk partner communications. Actively participate in the development and preparation of analyses, exhibits and materials to support on-going communications with carrier and reinsurer partners. Lead the presentation of product performance materials to partners. Collaborate with data scientists and product analysts to prepare data and exhibits for reinsurance submissions.
  • Competitive analysis. Collaborate with BU leaders and ISC Business Development colleagues to obtain relevant competitive intelligence and develop actionable insights to support pricing and product features and coverage grants.
Integrated Specialty Coverages, LLC

Integrated Specialty Coverages, LLC

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Integrated Specialty Coverages (ISC) uses data and technology to improve the insurance process for brokers and carriers by creating and managing tailored insurance programs. They enhance underwriting accuracy and customer experience through advanced data analytics and artificial intelligence, allowing for quick risk assessment and pricing. ISC stands out by providing fast pricing indications and a customizable Homeowners program, making them a valuable partner in the insurance industry. Their goal is to deliver a smooth and efficient experience for clients while continuously improving their platform.

Company Stage

N/A

Total Funding

N/A

Headquarters

Town of Harrison, New York

Founded

2016

Growth & Insights
Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • The global AI in insurance market is projected to reach $6.92 billion by 2028.
  • Digital transformation in insurance aligns with ISC's tech-driven approach.
  • The marine insurance market growth aligns with ISC's new marine division.

What critics are saying

  • Integration challenges may arise from the acquisition of Abacus in 2021.
  • Operational risks exist if the new Marine Division lacks expertise in marine insurance.

What makes Integrated Specialty Coverages, LLC unique

  • ISC uses AI to provide quick pricing indications, enhancing broker efficiency.
  • The company offers tailored insurance programs, including an exclusive Homeowners program.
  • ISC integrates advanced technology and data analytics to streamline the insurance process.

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