Full-Time

Insurance Product Manager

Car

Confirmed live in the last 24 hours

Lemonade

Lemonade

1,001-5,000 employees

Digital insurance with social impact initiatives

Fintech
Social Impact
Financial Services

Compensation Overview

$110k - $130kAnnually

+ Equity

Senior, Expert

No H1B Sponsorship

Remote in USA

Category
Product Management
Product Strategy
Product
Required Skills
Market Research
Product Management
SQL
Looker
Requirements
  • 7+ years of P&C experience, with a minimum of 5+ years of personal lines insurance experience in either product development, product management or state management
  • Bachelor’s degree in Business, Insurance, Finance, Economics, Statistics, or related field
  • Strong technical skills with SQL, Looker, or similar systems, including building dashboards or reports, preferred
  • Exceptional analytical skills and attention to detail, with a knack for identifying trends and taking action
  • Advanced Microsoft Office skills (including MS Word, Powerpoint, and Excel)
  • Superior organizational and project management capabilities, comfortable managing multiple priorities in a fast-paced environment
Responsibilities
  • Advance our countrywide forms, policy language, and pricing plans
  • Partner with our actuarial and underwriting experts to work on the development of coverage, pricing levels, and eligibility requirements
  • Collaborate with the Insurance Operations team to facilitate regulatory approval, working closely with the Product team to implement new features
  • Research market trends and competitor actions to make insightful recommendations to profitably grow
  • Manage effectiveness of current product performance and recommend improvements and enhancements
  • Measure the impact of product changes to support learnings for the future

Lemonade offers a digital insurance platform that allows users to quickly sign up for coverage for various needs, including personal belongings, homes, pets, families, and cars, all through a single app. The platform operates by collecting premiums from users, and any unused premiums are donated to a charity chosen by the user through a feature called Giveback. This unique approach has enabled Lemonade to contribute over $4 million to non-profit organizations globally. Unlike traditional insurance companies, Lemonade emphasizes social impact and community support, aiming to create a more positive experience for its customers while also benefiting charitable causes.

Company Stage

IPO

Total Funding

$480.4M

Headquarters

New York City, New York

Founded

2015

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Lemonade's expansion into the UK market indicates strong growth potential and international reach.
  • The company's Giveback program has donated over $10 million since its inception, showcasing its commitment to social impact.
  • Partnerships with brands like M&M's Ice Cream and Homesite highlight Lemonade's innovative approach to marketing and collaboration.

What critics are saying

  • Despite revenue growth, Lemonade reported a $47 million net loss, raising concerns about its financial sustainability.
  • The crowded insurtech market means Lemonade must continuously innovate to maintain its competitive edge.

What makes Lemonade unique

  • Lemonade's unique Giveback program, which donates unused premiums to charities, sets it apart from traditional insurance companies.
  • The company's all-in-one app for various insurance needs, from home to pet insurance, offers unparalleled convenience.
  • Lemonade's heavy reliance on AI for efficiency and customer service distinguishes it from competitors who are slower to adopt technology.

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