[Remote] Product Manager (P&C Commercial Lines) at Integrated Specialty Coverages, LLC

Remote

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, InsurtechIndustries

Requirements

Thorough and comprehensive understanding of P&C insurance coverages, rating mechanisms, business processes, systems, and data for assigned programs
Subject matter expertise on insured policy and claim data, including data retention, storage, reportability, and visualization using ISC’s data warehouse and business intelligence tools
Proficiency in SQL, Python, or other analytical applications to acquire, summarize, and report policy, premium, and loss data
Detailed understanding of key competitors and market segments, including ISC competitive advantages

Responsibilities

Develop and maintain product scorecards to monitor key product performance indicators; evaluate scorecards to identify trends, opportunities, and actionable recommendations; compile results to share with Business Unit leaders and company management
Acquire subject matter expertise on policy and claim data from ISC and partner systems; use data for reporting, analysis, insights, process efficiency, and automation improvements
Work with underwriting business unit leaders to manage rating plans (ISO advisory rates, independent pricing); employ pricing strategies; monitor premium/exposure trends and discretionary rating; analyze metrics for price segmentation opportunities; lead implementation with Tech team
Work with underwriting business unit leaders to manage policy forms kits (ISO, carrier-specific, proprietary); lead implementation with Tech team
Work with underwriting business unit leaders and tech team to identify requirements for streamlining, structuring, and automating new/renewal underwriting and policy issuance processes; evaluate third-party data sources for efficiency or risk assessment
Work with ISC tech team to ensure loss runs from claims TPAs are properly ingested, archived, and reported; analyze loss results considering statistical credibility and loss development maturity
Develop detailed understanding of key competitors and market segments; evaluate ISC competitive advantages and identify opportunities to exploit them

Skills

Key technologies and capabilities for this role

Product ManagementP&C InsuranceCommercial LinesUnderwritingData WarehouseBusiness IntelligenceScorecardsKPI MonitoringLoss Ratio ManagementAI/MLInsurtech

Questions & Answers

Common questions about this position

What are the main responsibilities of the Product Manager role?

The role involves developing product scorecards to monitor performance, acquiring expertise in policy and claim data using SQL and Python, and working with underwriting leaders to manage rating plans and pricing strategies.

What technical skills are required for this position?

Proficiency in SQL, Python or other analytical applications is required for acquiring, summarizing, and reporting policy, premium, and loss data.

Who does the Product Manager report to?

The CLPM reports to the AVP of Product Management and Actuarial.

Is this a remote position?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

Integrated Specialty Coverages, LLC

Insurance program administration using data and AI

About Integrated Specialty Coverages, LLC

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 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.

Town of Harrison, New YorkHeadquarters

2016Year Founded

VENTURE_UNKNOWNCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Mental Health Support

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Professional Development Budget

Conference Attendance Budget

Wellness Program

Short-term Disability

Employee Discounts

Phone/Internet Stipend

Risks

Integration of acquisitions like Abacus may face cultural and operational challenges.

New Marine Division may initially experience operational inefficiencies.

ISCX platform development could face technical challenges or delays.

Differentiation

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 centralizes access for brokers and wholesalers across all business lines.

Upsides

Growing demand for AI-driven underwriting boosts ISC's market position.

Expansion into marine insurance aligns with global trade growth opportunities.

Rising need for personalized insurance products benefits ISC's data analytics capabilities.

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