Insurance Product Manager

Independence Pet Group•Chicago, IL

1d•Remote

About The Position

Independence Pet Holdings (IPH) is a corporate holding company established in 2021, managing a diverse portfolio of pet health brands and services, including insurance, pet education, and lost recovery services across North America. IPH believes pet insurance is more than a financial product and aims to simplify the pet parenting journey and improve pet well-being. Independence Pet Group (IPG), a subsidiary of IPH, is one of North America’s largest pet insurance and services organizations, supporting over 1,000,000 pets in the U.S. and Canada through brands like Figo, Felix, ASPCA Pet Health Insurance, Pets Plus Us, and AKC Pet Insurance. IPG is seeking an Insurance Product Manager to play a central role in shaping, developing, and optimizing its pet insurance portfolio within an MGA environment. This position requires strategic product ownership, deep market insight, cross-functional leadership, strong analytical capabilities, insurance expertise, and the ability to manage the full product lifecycle to deliver competitive, profitable, and compliant products.

Requirements

Bachelor’s degree preferred, ideally in Risk Management, Business, Economics, Finance, Mathematics, Statistics, or Actuarial Science.
5+ years of experience within the insurance industry, ideally with exposure to pet insurance, personal lines, or MGA environments.
Demonstrated experience developing and managing insurance products, pricing strategies, and underwriting frameworks.
Strong understanding of insurance market dynamics, regulatory frameworks, and compliance processes.
Strong analytical mindset with the ability to interpret data, identify trends, and drive data‑driven decision-making.
Ability to work independently, manage multiple priorities, and creatively solve complex problems.
Excellent communication and stakeholder management skills, with a collaborative approach across departments and seniority levels.
Proficiency in MS Office, particularly Excel and PowerPoint.
Knowledge of pet insurance market trends, customer behaviors, and distribution models is a strong advantage.

Nice To Haves

SQL or data‑querying skills preferred but not required.

Responsibilities

Lead the strategic direction of the pet insurance product suite, ensuring alignment with MGA objectives, carrier expectations, and market opportunities.
Develop and refine underwriting guidelines, appetite statements, rating algorithms, and product structures to support profitable growth.
Identify unmet customer needs and emerging trends in the pet insurance sector, converting insights into actionable product enhancements and new product concepts.
Own the end‑to‑end product lifecycle—from ideation and feasibility assessment to development, launch, monitoring, and iterative improvement.
Lead comprehensive market research, competitive benchmarking, and customer segmentation to identify whitespace opportunities and inform product positioning.
Monitor competitor pricing, coverage features, distribution strategies, and customer experience to ensure IPG’s offerings remain differentiated and relevant.
Translate market intelligence into clear recommendations for product evolution, pricing adjustments, and strategic initiatives.
Partner closely with actuarial teams to develop pricing strategies, risk models, and rating structures that balance competitiveness with profitability.
Work with underwriting to refine risk appetite, ensure operational consistency, and support decision-making on complex or emerging risks.
Collaborate with sales, marketing, and distribution partners to design effective go‑to‑market strategies, product messaging, and launch plans.
Support portfolio analysis and performance reviews, working with finance, operations, and data teams to identify trends, risks, and opportunities.
Serve as the internal and external subject matter expert for assigned pet insurance products, providing guidance to underwriting, claims, distribution, and customer service teams.
Deliver training, product education, and technical support to internal stakeholders and external partners.
Represent IPG in discussions with carriers, reinsurers, brokers, and regulatory bodies as needed.
Drive innovation across insurance and non‑insurance offerings, including wellness packages, loyalty programs, digital tools, and customer engagement features.
Benchmark IPG’s value-added services against industry leaders to ensure a compelling and differentiated customer proposition.
Explore opportunities to integrate emerging technologies (e.g., tele-vet services, AI‑driven claims tools, pet wellness ecosystems) into the product roadmap.
Stay current with regulatory developments, compliance requirements, and industry standards affecting pet insurance and MGA operations.
Ensure all product materials, policy wordings, and rating structures meet regulatory and carrier requirements.
Support compliance reviews, audits, and documentation processes.
Support senior leadership with strategic initiatives, portfolio reviews, and business planning.
Perform additional duties as assigned to support the broader goals of the MGA.