Insurance Product Manager, Pie Insurance
Commercial Auto
$115-155k
Small business insurance
Job no longer available
Small business insurance
201-500 employees
Job no longer available
$115-155k
201-500 employees
Company mission
To make insurance less expensive, simpler, and more transparent for small business owners.
Role
Who you are
- Bachelor’s Degree or equivalent experience preferred. Background in statistics, mathematics, or economics is highly desirable
- 3+ years of experience as a Commercial Auto product manager with a focus on telematics
- CPCU or CIC Certification preferred
- Advanced knowledge in Commercial Auto product development and underwriting
- Strong analytical and critical thinking skills. Ability to creatively solve problems and overcome regulatory roadblocks
- Advanced capabilities in managing and manipulating data in Excel, and proficient in SQL and snowflake preferred
- Ability to make decisions and drive results in a fast-paced high-growth environment
- Effectively identify trends and patterns within data sets
- Effective organization and time management skills with the ability to work in ambiguous environments, while adhering to project deadlines
- Knowledge of Commercial Auto regulatory compliance
- Strong knowledge of different types of distribution channels (Direct to business lines, independent agents) including process dynamics and economic metrics
- Excellent interpersonal skills with the ability to build rapport and relationships with individuals at all levels across the organization
- Comfortable with ambiguity and self starter
- Strong written and verbal communication skills. Proven ability to effectively present technical concepts to non-technical individuals within and outside the organization
What the job involves
- The Product Manager is responsible for the Profit & Loss in assigned product lines and territories
- They have ownership over product design/pricing, regulatory compliance, and distribution, along with a focus on quantitative analytics for measuring profitability
- The role is responsible for measuring and monitoring how the business metrics are performing in a given timeframe and identifying trends - looking at product mix, quote and conversion level, claims frequency, as well as retention
- The Product Manager is working closely with the technical product management team to build and improve systems to ensure a great customer/agent experience, as well as, allow for efficient and compliant operations
- Oversight of Product & Pricing
- Using ISO (Insurance Standards Office) tools and other industry resources for foundational product and pricing structuring and building upon it with additional telematic layers
- Working with pricing analysts to analyze competitive market (street) rates to structure Pie’s new lines
- Using a systematic approach to automate the UW process
- Research and identify new or underserved markets for growth opportunities
- Define and refine the pricing approach in assigned territories, considering risk assessment, loss ratios, and market dynamics to achieve profitable growth
- Manage the product development lifecycle, from ideation to launch, by defining product features, creating business requirements documents, and coordinating with internal stakeholders to ensure timely delivery
- Product Development
- Lead the planning and execution of new state rollouts against the product strategy, ensuring alignment with overall business objectives and market needs
- Collaborate with cross-functional teams, including underwriting, actuarial, claims, and marketing, to gather insights and develop product requirements that meet the unique regulatory and customer demands of new states
- Continuously assess customer feedback and market trends to identify opportunities for product enhancements and innovations
- Compliance
- Ensuring the Commercial Lines products including forms, rules and rating plans meets the compliance guidelines of each state
- Build automated compliance systems to remove the manual process
- Working with internal and external partners to file new programs with individual states - ongoing process
- Developing Product Tools for New Lines
- Working with the engineering product team to build foundational elements for Commercial Auto into Pie’s systems
- Take traditional product and pricing models and innovate them into a marketable and successful product utilizing telematics and other 3rd party data
- Building out a new policy management system alongside the Engineering Product team to create systems and other tools that meet the business needs
- Manage and implement approved rate/rule/form changes in the policy management system
Our take
Historically, it’s been extremely cumbersome to qualify, onboard and manage workers’ comp insurance, particularly for America’s small businesses which haven’t been prioritized by larger carriers. That’s left small businesses often stranded with expensive and low-quality coverage.
Pie Insurance is changing all that through its technology-first model. Using data and analytics to better comprehend risk and speed up the decision-making process, it reduces the time to make an underwriting decision to a few minutes. Facing only legacy competition in an industry ripe for disruption, Pie Insurance has enjoyed rapid growth and received significant investment funding from backers in the InsurTech space.
Having recently acquired a nationally licensed insurance company, Pie Insurance is now able to directly issue its own policies nationwide. Currently available in 38 states, it will be aiming to expand its operations into the remaining states and territories to provide insurance to small businesses across the entire USA.
Freddie
Company Specialist at Welcome to the Jungle
Insights
4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Sep 2022
$315m
SERIES D
Mar 2021
$118m
SERIES C
Total funding: $620.3m
Company benefits
- Flexible work: Pie offers in-office, hybrid, and remote work options so you can create the work environment that's best for you
- Fully paid health care: Pie covers the health, vision, and dental premiums for full time employees and covers a percentage of premiums for spouses and children
- Equity and 401k: We think you should get a piece of the pie, so in addition to equity, Pie contributes to your retirement through a 401k
- Generous PTO: We want to make sure Pie-oneers have time to balance a rewarding work life and fulfilling personal life
- Parental leave: Pie knows your family is important, providing 100% compensation for the first three months of parental leave, as well as a generous return to work plan
- Caregiver leave: Pie offers caregiver leave so you have the time to dedicate to those who need your care
- HSA and Health FSA: Pie contributes $1,500 for individuals and $2,000 for family HSAs per year. Employees have the option to contribute to a Health FSA
- Dependent Care FSA: To help care for your dependents, Pie allows employees to set aside pre-tax dollars to be used for expenses like babysitters, daycare, summer camps, etc
- Pet insurance: Pie understands your pet is family and their care can be costly when they're not feeling well. The plans provide reimbursement for common needs like exams, vaccines, x-rays, prescriptions, and much more!
Company HQ
Union Station, Denver, CO
Leadership
John Swigart
(Co-Founder & CEO)Previously CMO for RapidFinance. Also worked as CMO for Esurance, starting off as VP of Finance in 2000.
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