Insurance Product Manager - Commercial Lines

Central Agency Insurance - Van Wert, OH

Full-time

Hybrid - Van Wert, OH

Insurance Carriers and Related Activities

About the position

As an Insurance Product Manager for Commercial Lines, you will be responsible for developing and communicating the long-term strategy for your product area within Central's Commercial Lines product suite. This role involves collaborating with cross-functional teams to evaluate market conditions, define product value, and make strategic decisions to drive innovation and profitability in the product line.

Responsibilities

• Conduct market discovery through research on competitive landscape and industry trends.
• Work with business intelligence, pricing, data science, and design research to define target customers.
• Partner with underwriting operations, legal, and compliance teams to understand regulatory requirements.
• Own the P&L performance of the product and drive profitability.
• Establish and execute product strategies aligned with corporate objectives.
• Identify and prioritize product development and enhancement opportunities.
• Create and manage a product roadmap in coordination with cross-functional teams.
• Ensure necessary information is provided for executing product changes.
• Set stakeholder expectations and explain prioritization decisions.
• Collaborate with marketing and regional offices to rollout product changes.
• Track progress towards business outcomes and adjust roadmap as necessary.
• Monitor financial and performance metrics to assess product outcomes.

Requirements

• Master's degree in business management and 4 years of direct Insurance Product Management experience, or
• Bachelor's degree in business management and 6 years of direct Insurance Product Management experience, or
• 8 years of direct Insurance Product Management experience.
• Strong research skills for primary and secondary market research.
• Ability to synthesize large quantities of information to identify unmet needs.
• Strategic thinking skills to translate insights into actionable roadmaps.
• Basic financial accounting skills to understand product P&L and make recommendations.
• Ability to collaborate and co-lead innovation workshops.
• Clear communication style for explaining prioritization and product strategy.
• Public speaking and presentation skills.
• Ability to lead through subject matter expertise.

Nice-to-haves

• Experience working in an agile environment.
• Commercial Lines Package expertise.
• Commercial Lines Property expertise.
• Commercial Lines Liability expertise.