MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for the brokers and small business owners. By combining the expertise of industry veterans with state-of-the-art technology, we are ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. We seek visionary leaders who thrive in dynamic, entrepreneurial settings, and excel in autonomous roles.
Job Summary
The Insurance Product Manager - Commercial Lines role reports to the Head of Product and Underwriting, and will drive the development and implementation of innovative commercial P&C insurance products, ensuring they meet customer needs and align with regulatory requirements. This role requires strong analytical and strategic skills, and collaborate across a cross-functional team and bring new products to market while also enhancing existing offerings.
Key Responsibilities
- Product Development and Innovation
- Lead the execution of new insurance products from concept to launch, and manage existing products to ensure production and profitability targets are met.
- Conduct market research and competitive analysis to identify opportunities for product differentiation and innovation.
- Define and prioritize insurance product requirements, focusing on customer-centric solutions that align with MGT’s strategic objectives.
- Project Management
- Manage the end-to-end product development lifecycle, ensuring milestones are met on time.
- Coordinate with cross-functional teams, including underwriting, actuarial, legal, and IT, to ensure seamless product delivery.
- Regulatory and Compliance Oversight
- Ensure all products comply with relevant regulatory and legal requirements, working closely with the compliance team.
- Monitor changes in regulations and market conditions that may impact product offerings, making adjustments as needed.
- Stakeholder Collaboration and Communication
- Prepare and deliver presentations and reports to communicate product performance, updates, and initiatives.
- Market Analysis and Customer Insights
- Analyze customer feedback, competitive landscape, and market trends to improve existing products and identify new product opportunities.
- Develop customer personas and use cases to ensure products meet the evolving needs of target segments.
Qualifications
- Prior Experience:
- 5+ years of product development or related industry experience required.
- 3+ years in an analytical role within the P&C insurance industry is desirable.
- Experience with ISO forms, rules and rating is preferred.
- Experience with managing a P&L and loss performance of a product and/or book of business is preferred.
- Education:
- Bachelor's degree in Business, Math, Economics, Risk Management, Finance, Insurance or related field required.
- Related industry coursework and certifications are a plus.
Necessary Knowledge and Abilities:
- Entrepreneurial mindset and ownership mentality
- Exceptionally strong quantitative, analytical, and problem-solving skills with a propensity to take things apart and see how they work.
Strong Underwriting and Risk Management acumen. - Excellent verbal and written communication skills, along with interpersonal and influencing skills (at all levels internally, externally, and cross-functionally)
- Self-directed and self-motivated with a demonstrated strength in planning, organizing and project management.
Proficient with MS Office tools, including Excel, Word, PowerPoint and Access. - Familiarity with statistical report packages is a plus. Examples may include: Looker, SAS VA, and Power BI.
Top Skills
What We Do
MGT is ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. We address common insurance pain points while honoring the knowledge, history, and innovation that are the hallmarks of the industry today.
