Nationwide

Director, Product - Commercial ines (P&C Insurance - Middle Market Product & Portfolio Management)

United States

Nationwide Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
NoVisa
InsuranceIndustries

Requirements

Candidates should possess expertise in the Property & Casualty Insurance industry and the respective regulatory requirements, strong leadership competency, executive presence and communication skills, the ability to influence and drive accountability, and understanding of data analysis and storytelling tools. Prior experience within Commercial Lines insurance and formal people leadership are especially helpful.

Responsibilities

As a Director, you will develop and implement a coordinated short term and long term CL product strategy, ensuring appropriate placement of the product in the marketplace to achieve strategic goals and maintain compliance. You will direct development, implementation and maintenance of features/capabilities of CL products, manage the regional CL Product team, establish research and product development objectives, conduct research on products and the market, proactively identify product opportunities, and conduct periodic analysis of protocols to identify changes needed. Additionally, you will determine project priorities and workflow standards, analyze product design, pricing, and associated processes, and validate technology implementation of rate changes and other improvements.

Skills

Leadership
Executive Presence
Communication
Influence
Data Analysis
Storytelling
Business Intelligence
Insurance Industry Knowledge
Regulatory Compliance
Partnership Development

Nationwide

Provides insurance and financial services

About Nationwide

Nationwide provides insurance and financial services to individuals and businesses across the United States. Their product offerings include auto, home, life, and commercial insurance, as well as retirement and investment solutions. The company operates by underwriting insurance policies and managing investment portfolios, earning revenue through premiums, investment income, and fees for financial services. What sets Nationwide apart from its competitors is its focus on leveraging technology to improve claims processing and policy management, along with its commitment to customer service. Additionally, Nationwide partners with organizations to offer financial education resources, particularly for retirees, aiming to ensure financial security and protect the futures of its clients.

Key Metrics

Columbus, OhioHeadquarters
1925Year Founded
$769.7MTotal Funding
N/ACompany Stage
Consulting, Financial ServicesIndustries
10,001+Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Holidays
401(k) Retirement Plan
401(k) Company Match

Risks

Competition from insurtech startups like Nexar may challenge Nationwide's market share.
AI-driven platforms like Planck could disrupt traditional insurance models.
Partnerships with AI firms may require significant tech investment and integration efforts.

Differentiation

Nationwide invests in tech-driven platforms like YellowBird and Betterview to enhance services.
Partnership with CLARA Analytics shows Nationwide's focus on AI for operational efficiency.
Collaboration with Funding Circle highlights Nationwide's support for small business growth.

Upsides

Nationwide's $56M loan to Whitestone REIT diversifies its investment portfolio.
Investments in AI and tech platforms could streamline operations and reduce costs.
Supporting small businesses may expand Nationwide's customer base and strengthen relationships.

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