State Manager - General Motors Insurance

GM Financial United States

78d

About The Position

At General Motors Insurance, we are building an Insurtech business that will reinvent auto insurance. We are fully owned and backed by auto industry leaders General Motors and GM Financial. This is a truly unique opportunity to join at the foundational stage of a start-up leading the transformation of the auto insurance experience. GM has the largest connected vehicle fleet worldwide. In the US alone, there are currently 9M+ connected GM vehicles on the road and that number is projected to triple in the next 10 years. More than that, the OnStar system currently has access to over 900 data points from the vehicle. This surge in information about vehicles and how they are driven will revolutionize auto insurance. This disruption is backed by the bold GM vision of zero crashes, zero emissions and zero congestion. We are serious about the safety and financial security of our customers.

Requirements

• Experience with complex auto insurance states.
• Passion for telematics.
• Quantitative acumen, including pricing.
• Demonstrated track record of solving problems independently and driving change.
• Ability to operate within a fast-paced, collaborative environment.

Responsibilities

• Tailor auto insurance product for select new states and manage several in-market states to ensure compliance and achieve profit and growth targets.
• Develop a thorough understanding of the state regulatory environment and competitive marketplace to shape coverage design, policy forms, underwriting eligibility, pricing, quote flow, and other operational decisions.
• Monitor key performance metrics to identify and execute needed changes to the product.
• Partner closely with key business and operations teams across the organization, including Customer Engagement, Product Enablement, Technology, Legal, and Claims.
• Develop the strategy and execution of state product launches (forms, underwriting, rates/rules) and associated regulatory filings.
• Research state legislative and regulatory requirements and advise actions needed to be compliant.
• Perform analysis of competitor offerings and pricing.
• Work collaboratively with cross-functional teams to execute operational changes.
• Communicate business requirements to Technology partners.
• Analyze the drivers of P&L (e.g. conversion, average premium, mix of business, retention, loss ratio, loss trend) and develop strategies that improve outcomes.
• Develop hypotheses and seek out new ideas and approaches to business issues.

What This Job Offers

• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees