Assistant Product Manager
ICW Group - Santa Clarita, CA

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The Product Management Department at Explorer Insurance is looking to add an Assistant Product Manager to our team. Our team assists in managing insurance products to growth and profitability.

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Our Assistant Product Manager is a person who can assist in developing and implementing existing products in new states (markets) and new products in existing states or both.

Responsibilities include:
  • With supervision, perform all the technical functions required in Product Management, including but not limited to rate analysis, competitive analysis, state filings, strategic marketing, product design, etc.
  • Assist in the development of rate programs/structures, development of underwriting rules, and actuarial indications/data and recommendations to Senior Management.
  • Using internal data, (including state-specific data and model program factors) competitive data, and external data (such as vehicle or demographic data) assist the preparation of rate revision recommendations which will lead to profitable growth.
  • Assist in the coordination of the communication of rate revision changes to all affected internal and external parties, including the IT rate revision team, policy services team, marketing and third party vendors such as comparative raters.
  • Understand the automobile insurance market in each state managed. Build relationships with key agents, vendors and regulators in each state.
  • Aid in the development of a library of competitor information in order to closely monitor and analyze competitor changes as well as the Product team in maintenance of regulatory compliance via a clear understanding and research of insurance regulations/laws.
  • Understand how program changes and rate revisions impact marketing, policy services, claims, and IT. Include other departments in rate revision and/or new product discussions as appropriate.
  • Profit and loss responsibility for smaller state or program portfolios.
Skills and Requirements include:
  • Bachelor's degree (B. A.) from four-year college or university in business or quantitative discipline, one to two years of related experience and/or training, or equivalent combination of education and experience.
  • Minimum 3 years experience in Auto Insurance Product Management.Completion of actuarial exams desirable.
  • Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents
.Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. ·Ability to work with mathematical concepts such as probability and statistical inference as well as define problems, collect data, establish facts, and draw valid conclusions.

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