Our client, a distinguished leader in the insurance industry located in **Chicago, Illinois, US**, is actively seeking a highly experienced Senior Insurance Product Manager to drive innovation and growth within their product portfolio. This critical role will be responsible for the strategic development, management, and execution of new and existing insurance products. The ideal candidate will possess a deep understanding of the insurance market, regulatory landscape, and customer needs, coupled with a strong aptitude for product lifecycle management. You will collaborate closely with actuarial, underwriting, sales, marketing, and technology teams to ensure products are competitive, profitable, and meet customer expectations. This is a pivotal opportunity to shape the future of our client's insurance offerings and contribute to their sustained success.
Key Responsibilities: Lead the ideation, development, and launch of new insurance products, from concept through to market introduction. Conduct comprehensive market research and competitive analysis to identify opportunities for product innovation and differentiation. Define product requirements, features, and pricing strategies in collaboration with cross-functional teams. Manage the entire product lifecycle, including product enhancements, performance monitoring, and end-of-life strategies. Ensure compliance with all relevant state and federal insurance regulations and guidelines. Develop and deliver compelling product training materials for sales, underwriting, and customer service teams. Monitor product performance, profitability, and customer satisfaction, making data-driven recommendations for improvement. Collaborate with marketing and sales teams to develop effective go-to-market strategies and promotional materials. Build strong relationships with internal stakeholders, acting as a subject matter expert on assigned product lines. Stay abreast of emerging trends, technologies, and competitive developments within the insurance industry. Manage product documentation, including policy forms, endorsements, and product guides. Required Qualifications: Bachelor's degree in Business, Finance, Economics, Marketing, or a related field; MBA or relevant insurance designations (e.g., CPCU) are highly desirable. Minimum of 7 years of experience in product management or product development within the insurance industry. In-depth knowledge of insurance products, underwriting principles, actuarial concepts, and regulatory requirements. Proven ability to manage complex projects and drive cross-functional collaboration. Strong analytical, strategic thinking, and problem-solving skills. Excellent communication, presentation, and interpersonal skills, with the ability to influence stakeholders at all levels. Proficiency in market research methodologies and data analysis tools. Experience with agile product development methodologies is a plus. Ability to translate complex technical and regulatory information into clear, actionable insights. A results-oriented mindset with a passion for delivering exceptional products. This is an exceptional opportunity to join a market-leading insurance provider and make a significant impact on their product strategy and success. If you are a seasoned Product Manager with a deep understanding of the insurance landscape, we encourage you to apply.
