Openly is a company focused on transforming the insurance experience by offering customizable coverage at competitive prices. They are seeking an Insurance Product Manager to lead product management initiatives, drive state expansion efforts, and collaborate with technology and operations teams to launch insurance products. The role demands a self-motivated individual with strong analytical and project management skills.
Responsibilities:
- Developing and calibrating Openly’s homeowners program for established states and new state entries including UW eligibility, coverage offerings, premium rates, and Openly proprietary models
- Assisting with rate filings and DOI correspondence to ensure timely regulatory approval
- Collaborating with our Technology and Operations teams to successfully implement and launch the product in new states
- Analyzing key performance indicators and drivers of profitability, including loss ratios, actuarial indications, frequency/severity trends, sales conversion, persistency, and other data as we continue to grow our geographic footprint
- Leading other product management initiatives, such as external data evaluations, market/competitor intelligence, and new product development
Requirements:
- 3-5 years of experience in insurance product management and product development roles
- A degree in Mathematics, Actuarial Science, Economics, Statistics, or similar study
- Solid technical (SQL) and analytical skills, capable of developing quantitative analyses through data manipulation
- Ability to identify and define complex business problems and develop relevant analytical frameworks to deliver solutions, often operating in ambiguity and leveraging creativity
- Strong communication and project management skills, and the ability to collaborate effectively with people at all levels across the company
- Strong decision-making skills
- P&C insurance experience is required, and homeowners insurance experience is a plus
- Insurance product compliance and/or state launch experience is a plus