Product Development Leader - Europe

Stoïk•Rotterdam, NY

About The Position

As Product Development Leader - Europe, you will own Stoïk's cyber insurance offer across Europe and across the segments it serves, covering companies with revenue up to €1 billion. You will design, launch and improve policies and adapt them for each market Stoïk enters. You will play a central role in the Stoïk Insurance Think Tank, shaping and negotiating new coverages, and work closely with Underwriting and Claims as well as the CERT, Product, Legal & Compliance, Sales and Marketing teams. The role is based in one of Stoïk's offices in Barcelona, Madrid, Paris, Munich or Brussels, with full working flexibility and regular office visits. Regular travel across Europe is expected to meet brokers, partners and local teams and attend industry events.

Requirements

At least 5 years of experience in insurance product development, wordings, underwriting or claims, across Europe or internationally.
Proven cyber insurance experience.
A track record of drafting and managing policy wordings and launching products or entering new markets.
Experience leading or mentoring a team.
Working knowledge of insurance-product and cyber-risk regulation, including product governance (IDD / POG), GDPR, and NIS2 / DORA.
A law degree or legal-practice background.
Fluent English and fluency in at least one other European language.

Nice To Haves

Experience in other commercial insurance lines such as D&O, PI, FI or property.
Creativity with wording and ease drafting technical, complex clauses.
Additional European language skills; French, Spanish or German are particularly desirable as the additional fluent language.

Responsibilities

Define and own the European cyber product roadmap in line with Stoïk's growth plan and expansion into new markets.
Build, lead and develop the product team, setting clear priorities, standards and ways of working.
Translate market, threat, legal and regulatory developments into product decisions.
Turn underwriting intentions into clear, legally robust policy wordings, endorsements and proposal forms, and keep them up to date.
Develop new products, extensions, sector solutions and services through the Stoïk Insurance Think Tank, working with CERT and prevention teams from concept through launch.
Adapt the core product to each European market and manage product governance, including approvals, product reviews and regulatory documentation, in line with insurance distribution rules.
Work with Underwriting and Claims on guidelines, appetite and profitability, and use CERT insights to identify and close coverage gaps.
Work with Legal & Compliance on country-specific regulatory requirements, and support Sales and Marketing with broker materials and product launches.
Report on and present product performance and the roadmap to senior management, carriers, reinsurers and brokers.
Monitor competitors' products, wordings, services, pricing and positioning.
Gather feedback and ideas from insureds and brokers about emerging needs and expectations, and incorporate them into the roadmap.
Track cyber threats, claims trends, case law and regulation affecting coverage.
Serve as the point of contact for wording questions from internal teams and brokers.
Train Stoïk teams and educate brokers on products, wording changes and the differentiators of Stoïk's coverage.
Represent Stoïk at conferences and industry events.