Product Manager -(P&C Business Product)

Integrated Specialty Coverages, LLC

1d•$125,000 - $150,000

About The Position

Integrated Specialty Coverages, LLC (ISC) is a growth stage technology and data-driven commercial MGA and insurance wholesaler leading innovation in the market. Backed by one of the leading private equity firms, Onex Partners, and led by a forward-thinking management team, ISC is combining the worlds of insurance and technology to create an Insurtech powerhouse. As a leading online distributor of insurance products for a range of industries and “Main Street USA”, we are looking for the right people to help us in our mission of achieving exponential growth. We strive to be the number one place to go for brokers and agents to source insurance. To accomplish this, we’re building a digitally focused team that deeply understands the intersection between user experience, data, and AI/ML to optimize the way we engage with our customers and partners. The Commercial Lines Product Manager (CLPM) is a highly visible role at the intersection of insurance, data, operations, and strategy. This position is responsible for maximizing the profitability, growth, and operational effectiveness of a portfolio of commercial Property & Casualty insurance programs characterized by complex underwriting, high-touch case management, large exposure limits, and long-tailed loss profiles. The ideal candidate is naturally curious, enjoys digging into data to uncover opportunities and issues, and thrives on transforming insights into actionable business solutions. This role requires equal parts analytical rigor, process engineering mindset, and business influence, serving as a trusted partner to business unit leaders, technology teams, finance, and executive management. As a Commercial Lines Product Manager, you will leverage data and technology to identify trends, improve workflows, enhance underwriting effectiveness, and drive sustainable MGA gross margin performance through premium growth, loss ratio management, and operational efficiency. The CLPM reports to the VP of Product Management and Actuarial.

Requirements

Bachelor's degree required, Quantitative discipline preferred
2-3 years P&C insurance product management experience, or 3-5 years P&C insurance Product Analyst experience.
Familiarity with P&C insurance policy and claims work processes and P&C insurance data and relevant metrics.
Experience with commercial lines rating plans using ISO loss costs or proprietary rating plans.
Expertise in insurance pricing strategies, particularly within the property and casualty insurance space.
Demonstrated process analysis and automation competency.
Strong analytical and data skills. Excel power user. Experience with SQL, Python or other data extraction and reporting tools to acquire policy and premium data from data warehouse tables.
Working knowledge of actuarial fundamentals including loss development triangles, rate level indications, premium trends, loss trends and credibility.
Exceptional communication and interpersonal skills are required to collaborate with underwriters and other domain experts, brief executives and external partners and develop actionable recommendations for product and process innovations.

Responsibilities

Develop and maintain product scorecards to monitor key product performance indicators, evaluate scorecards to identify trends in program performance, opportunities, and actionable recommendations. Compile results to share with Business Unit leaders and company management.
Acquire Subject Matter Expertise on insured policy and claim data acquired by ISC and partner systems, including data retention and storage and reportability and visualization using ISC data warehouse and reporting tools. Use SQL, Python or other analytical applications to acquire, summarize and report policy, premium and loss data. Use data and information for reporting and analysis to develop insights, unearth opportunities, increase process efficiency and improve automation.
Work with underwriting business unit leaders to manage the rating plans, including ISO advisory rates and independent pricing. Employ pricing strategies and direction to aid the business unit leaders. Monitor and summarize premium and exposure trends and underwriter discretionary rating activity at the portfolio level. Analyze program metrics, underwriting insights and market environment to identify price segmentation opportunities. Lead the implementation efforts in conjunction with the Tech team.
Work with underwriting business unit leaders to manage the policy forms kits, including ISO, carrier-specific and proprietary policy forms and applications. Lead the implementation efforts in conjunction with the Tech team.
Work with underwriting business unit leaders and tech team to identify and describe requirements to streamline, structure and automate new and renewal underwriting and policy issuance processes applicable to agents or underwriters. Evaluate third-party data sources which may improve process efficiency or risk assessment.
Work with ISC tech team to ensure loss runs from claims TPAs are properly ingested, archived and reported. Analyze loss results with appropriate considerations for statistical credibility and loss development maturity.
Develop a detailed understanding of key competitors and market segments. Evaluate ISC competitive advantages and identify opportunities to exploit them. Expose competitive gaps and work to close them through product enhancements.
Work with underwriting business unit leaders to optimize financial results by balancing production, loss ratio, and agency commission and fees.

Benefits

bonus pay
medical
dental
vision insurance
401(k) plan with match
paid time off
Employee Ownership Program
Professional development opportunities
Owner Referral Program
Work from home reimbursement for remote/hybrid roles
Canary emergency financial assistance program
Life/AD&D Insurance
Confidential, Employee Assistance Program
Health Savings Account, includes company contribution
Short-term disability
Voluntary benefits - supplemental accident, critical illness, hospital insurance
Employee discounts
401(k) Plan with company match contribution
Addition Wealth Financial Wellness Program
Various Time Off Programs
11 company paid holidays