Full-Time

Insurance Product Manager

Car

Updated on 2/4/2025

Lemonade

Lemonade

1,001-5,000 employees

Digital insurance with social impact initiatives

Fintech
Social Impact
Financial Services

Compensation Overview

$110k - $130kAnnually

+ Equity + Benefits

Senior, Expert

No H1B Sponsorship

Remote in USA

Cannot consider applicants from Colorado, California, Montana, Hawaii, New Mexico, and Puerto Rico.

Category
Product Management
Product
Required Skills
Market Research
Product Management
SQL
Looker
Data Analysis

You match the following Lemonade's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
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
  • Enthusiasm about learning and adapting to the exciting world of AI – a commitment to exploring this field is a fundamental part of our culture
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
Desired Qualifications
  • Strong technical skills with SQL, Looker, or similar systems, including building dashboards or reports, preferred

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 transform the insurance experience by aligning it with charitable giving.

Company Stage

IPO

Total Funding

$480.4M

Headquarters

New York City, New York

Founded

2015

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Toyota Insurance could expand market reach and customer base.
  • Expansion of pet insurance to new states indicates growing demand and revenue potential.
  • Development of L2 platform aims to enhance operational efficiency and customer experience.

What critics are saying

  • Increased competition from AI-adopting traditional insurers may erode market share.
  • Rising interest rates could negatively impact Lemonade's investment income.
  • Consumer privacy concerns about AI data collection may lead to regulatory scrutiny.

What makes Lemonade unique

  • Lemonade uses AI and behavioral economics to streamline insurance processes.
  • The company offers a unique Giveback program donating unused premiums to charities.
  • Lemonade provides a digital-first experience with instant sign-ups and zero paperwork.

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Benefits

Health Insurance

401(k) Company Match

Paid Vacation

Parental Leave