Primary Accountabilities
•May serve as project lead for implementation of products and services.
•Monitors and analyzes the performance of the product lines, agent, or book of business.
•Evaluates profit factors and conducts analysis of performance data to provides product strategy recommendations relating to profit, growth, retention, and overall book of business.
•Develops and maintains effective working relationships with other lines to identify product gaps and opportunities.
•Researches and develops concepts for complex new or enhanced products and/or services.
•Works with partners in pricing/actuarial, claims, etc. to ensure product compliance and financial viability.
•Prepares contract language, develops initial underwriting guidelines and standards, and oversees development of new predictive analytics including pricing models and other predictive models.
•Serves as subject matter expert in development of contract language and/or underwriting guidelines. Ensures product compliance.
•Produces detailed competitive research and analysis for personal lines products using a variety of information sources and tools to support decision making. Analyzes all available data forming conclusions regarding our competitive position in the marketplace. Provides recommendations to leadership to capitalize on product offerings and geographical areas.
•Provides expertise regarding how competitor actions and industry trends influences personal lines ability to meet corporate and divisional objectives. Makes recommendations to management regarding operational and product changes that may enhance our competitive position.
•Stays abreast of all rate changes, rating enhancements and program changes by our competitors; researches competitor filings, rate and rule manuals to ascertain changes made and their impact on our competitive position. Ensures analysis and reporting accuracy explaining drivers and insights relating to competitive position changes.