Head Of Workers Compensation Product

Summary

Join NEXT Insurance as the Head of Workers Compensation (WC) Product and play a pivotal role in shaping the future of our Workers Compensation offerings. Lead the end-to-end product lifecycle, from strategy to optimization. Collaborate with cross-functional teams, including distribution, engineering, underwriting, and actuarial teams. Develop and execute a forward-thinking WC product strategy that meets business objectives and growth targets. Ensure compliance with regulatory requirements and industry standards. Lead and mentor a high-performing team. This role requires 10+ years of experience in commercial insurance product management, with at least 5 years in a leadership role focused on Workers Compensation. A deep understanding of the commercial lines WC insurance industry is essential.

Requirements

• 10+ years of experience in commercial insurance product management, with at least 5 years in a leadership role leading product functions for Workers Compensation lines, ideally in an InsurTech or insurance company
• Experience in managing complex, multi-disciplinary teams and driving product development from ideation to execution
• In-depth knowledge of the commercial lines WC insurance industry, including rating, underwriting, premium audit, claims, distribution channels, and regulatory environment
• Proven ability to lead cross-functional teams and navigate the complexities of working in a high-growth, fast-paced environment
• Strong experience in setting strategic direction and delivering results
• Strong ability to analyze market trends, customer data, and product performance to inform decision-making and drive continuous improvement
• A passion for creating user-centered, innovative products that solve real-world problems and improve the customer experience in the insurance space
• Exceptional written and verbal communication skills with the ability to effectively present to senior leadership, external partners, and cross-functional teams

Responsibilities

• Develop and execute a clear, forward-thinking Workers Compensation product strategy that delivers on business objectives and growth targets
• Define and execute a roadmap for product enhancements and customer segment
• Lead the end-to-end WC insurance product management process, from market research through ideation, implementation and optimization
• Collaborate with claims leaders to inform WC growth strategy and underwriting appetite
• Partner with engineering teams to design modular platform solutions and specify technical business requirements for agile, high quality insurance product delivery
• Work closely with underwriting and actuarial teams to build proprietary and innovative rating and class-fit underwriting systems for effective risk segmentation and profitability
• P&L accountability through ongoing management of WC insurance products, including all pricing and underwriting decisions, performance monitoring, and iteration based on data-driven insights
• Ensure all WC products comply with regulatory requirements and industry standards, working closely with legal and compliance teams to navigate the complex insurance landscape
• Lead, mentor and develop a high-performing team that drives excellence

Preferred Qualifications

• Experience working in a SaaS (Software as a Service) environment or building insurance products that leverage technology, AI/ML, and data
• Understanding of actuarial models and pricing structures

Benefits

• Partially subsidized medical plan
• Fully subsidized vision/dental options
• Life insurance
• Disability insurance
• 401(k)
• Flexible paid time off
• Parental leave