Full-Time

Director of Product Management

P&C Insurance

Posted on 10/7/2024

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.
  • Develop and maintain a product strategy and product & underwriting road map for key lines of business in conjunction with Business Unit leaders.
  • Directly manage the programs associated with one or two business units, performing all essential product management functions.
  • Define, measure and monitor key product performance measures for all programs. Provide actionable insights and recommendations for improvement.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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 pricing indications. ISC stands out by simplifying the submission process and providing flexible insurance solutions, such as their customizable Homeowners program. Their goal is to deliver the fastest and most efficient service possible in the insurance industry.

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

  • Growing demand for AI-driven underwriting boosts ISC's market position.
  • Marine Division launch aligns with global trade growth, expanding ISC's market reach.
  • ISC's data analytics enable personalized insurance products, meeting client needs.

What critics are saying

  • Integrating acquisitions like Abacus may pose operational challenges for ISC.
  • Marine Division establishment may initially require significant resources and face inefficiencies.
  • ISCX platform development could encounter technical challenges, affecting digital experience.

What makes Integrated Specialty Coverages, LLC unique

  • ISC uses AI to provide pricing indications in minutes, enhancing efficiency.
  • The company offers tailored insurance programs, including an exclusive Homeowners program.
  • ISC's ISCX platform integrates native and non-native programs for seamless broker access.

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