Insurance Product Development Specialist
4 days ago
At S Wilson Staffing, we're seeking a highly skilled Insurance Product Development Specialist to join our team.
About the RoleThis is a hybrid work schedule position based out of our corporate offices in Bloomington, IL. As an Insurance Product Development Specialist, you'll play a critical role in driving the successful development of new insurance products and enhancing existing ones.
Responsibilities- Drive product innovation by analyzing premium rates, loss experience, and retention to ensure overall goals for production and underwriting profitability are met.
- Monitor the mix of business in assigned states, identifying changes and reasons for those changes.
- Develop state-specific business profit and growth strategies in conjunction with marketing.
- Research competitors' market positions, business directions, financial dynamics, and new technologies to stay ahead in the industry.
- Communicate key profit metrics with stakeholders and ensure proper implementation of rate revisions, new products, and other initiatives.
- Excellent organizational skills and attention to detail.
- Excellent oral and written communication skills, including presenting to small groups.
- Knowledge of personal lines insurance products and processes.
- Experience with forecasting and modeling.
- Experience with SQL and understanding of relational databases.
The estimated salary for this position is $65,000 - $85,000 per year, depending on experience and qualifications.
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