Vice President

2 days ago

South Windsor CT United States TicketNetwork, Inc. Full time

We are seeking a professional with deep expertise in the Connecticut insurance industry to guide the development of a new event insurance company focused on outdoor live entertainment venues and event organizers. The leader will bring significant experience in underwriting, policy development, and risk management, while also possessing a proven leadership background in the insurance field. This role will involve advising on strategy, product development, and compliance, ensuring the company's offerings align with Connecticut's regulatory environment leading to a successful business launch.

Primary Responsibilities include but are not limited to:

  1. Partner with the holding company's CEO and his chief of staff to:
  2. Assist in the development and refinement of underwriting policies for event insurance products.
  3. Develop the claims process, from assessment to payment, and ensure compliance with Connecticut laws.
  4. Outline operational processes for policy issuance, claims adjustment, collections, and all customer and third party interaction points.
  5. Partner with the finance team to develop financial planning/forecasting related to product offerings and pricing strategies.
  6. Research and plan for marketing and distribution channels of this new insurance offering.
  7. Evaluate risk models for various event scenarios and provide recommendations on risk tolerance.
  8. Partner with existing stakeholders to perform an external environmental analysis, industry analysis, customer profiling and market analysis, and validate all other underlying assumptions.
  9. Partner with the legal team to draft and refine terms and conditions of policies to encapsulate all company commitments and exclusions.
  10. Complete a thorough and comprehensive business plan to ensure it receives certification from all local and state regulatory agencies.
  11. Launch a new insurance business line for the live events industry that meets the CEO's requirements.
  12. Support in building partnerships with relevant industry stakeholders to increase commercialization success and offer guidance on business development and growth opportunities specific to Connecticut.
  13. Provide strategic insight on managing evolving regulatory requirements to retain licensing in Connecticut.
  14. Benchmark to incumbents to leverage capacity, budgetary, and requirements planning to guide future scaling.

*Due to the nature and level of the role, work hours outside of traditional shift will be necessary to satisfy business needs.

Position Requirements

Required Skills:

  1. In-depth knowledge of Connecticut's insurance industry.
  2. Strong underwriting policy development and risk assessment skills.
  3. Strategic thinking and the ability to translate industry insights into actionable plans.
  4. Excellent communication and negotiation skills for stakeholder management.
  5. Analytical mindset for evaluating risk models, actuarial analysis, and financial performance.
  6. Expertise in compliance and legal requirements for the insurance industry.

Required Experience:

  1. 15+ years in the Connecticut insurance industry, with a focus on underwriting and insurance product development.
  2. Proven track record of managing insurance products, with preference for direct/indirect experience in B2B event offerings.
  3. Previous experience as a CEO or executive-level leadership in the insurance sector.
  4. Demonstrated experience in claims handling, policy issuance, and regulatory compliance in Connecticut.

Education:

  • Bachelor's degree required in Insurance, Risk Management, Business Administration, or a related field.
  • MBA or advanced degree in a relevant field preferred.

Preferred certifications:

  • Chartered Property Casualty Underwriter (CPCU)
  • Associate in Risk Management (ARM)
  • Certified Insurance Counselor (CIC)
  • Certified Risk Manager (CRM)

Full-Time/Part-Time: Full-Time

Shift: Days

Division: TicketNetwork, Inc.

Exempt/Non-Exempt: Exempt

Req Number: ACC-24-00078

Location: Hartford County - TN

EOE Statement: We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.

This position is currently accepting applications.

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