Insurance Product Director

Job not on LinkedIn

🕒 September 18

🦀 Maryland – Remote

🦀 Maryland – Remote

💵 $200k - $240k / year

⏰ Full Time

🔴 Lead

🔒 Insurance

👻 Ghost score 40%

What it means: the chance that no one is really hiring for this job.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.Why this score:

• Open for 56 days.
• Jobs at this company usually fill in 21 days.
• Reposted 2 times.

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Brown & Brown Insurance

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1939

💸 Finance

🛡️ Insurance

Finance • Insurance

Brown & Brown Insurance is one of the largest independent insurance brokerages globally, providing a comprehensive range of risk management solutions. Established in 1939, the company offers personal and business insurance, employee benefits, and various national programs. Brown & Brown is committed to diversity, inclusion, and belonging, fostering a culture that values talent and experience. With over 500 locations, the company is well-positioned to meet the diverse needs of its clientele and is listed on the New York Stock Exchange under the ticker BRO. The firm's strategic focus on mergers and acquisitions highlights its disciplined growth strategy.

📋 Description

• Own and manage Oxford's Commercial Auto, Commercial General Liability, and Excess Liability product framework. • Serve as the primary technical resource for complex coverage, policy construction, rating methodology, form selection, regulatory, and product best-practice questions. • Develop and maintain product standards for ISO, company-specific, non-ISO, and manuscript forms and endorsements. • Evaluate interactions among policy definitions, insuring agreements, exclusions, conditions, limits, aggregates, defense provisions, endorsements, and primary/excess layers. • Identify and resolve coverage gaps, conflicting provisions, unintended coverage grants, inconsistencies, and policy-construction concerns. • Monitor ISO circulars, coverage revisions, rules, classifications, loss costs, rating plans, and implementation requirements. • Lead review and implementation of new or revised ISO programs. • Develop, revise, and maintain proprietary coverage forms, endorsements, rules, and supporting product materials. • Oversee state form, rate, and rule filing strategies, submissions, objections, and responses to Departments of Insurance. • Communicate with state regulators, filing counsel, fronting carriers, and external partners regarding product and regulatory matters. • Maintain a state-by-state product matrix covering approved forms, rates, rules, deviations, notices, cancellation/nonrenewal requirements, and jurisdiction-specific considerations. • Monitor legislative, regulatory, judicial, ISO, and market developments and coordinate product changes. • Provide product guidance for trucking and transportation exposures. • Support captive and alternative-risk products and evaluate primary, captive, pooled, fronting, excess, reinsurance, deductible, retention, and attachment structures. • Develop product governance standards, approval protocols, and controls. • Translate product requirements into business specifications for policy administration, rating, document-generation, workflow, and data systems. • Partner with Claims on coverage disputes and litigation trends and with Actuarial on rating-plan implementation. • Provide functional leadership to internal subject-matter experts, consultants, filing resources, and product vendors. • Advise senior leadership on product risks, regulatory developments, market practices, priorities, and product-suite improvements. • Maintain product decision, approval, change, implementation, and governance records. • Manage multiple complex product initiatives while meeting deadlines and maintaining technical accuracy, compliance, and execution quality.

🎯 Requirements

• Bachelor's degree and a minimum of ten years of progressively responsible Commercial Property and Casualty insurance experience; an equivalent combination of education and highly relevant industry experience may be considered. • Substantial home-office product experience involving Commercial Auto, Commercial General Liability, and Excess Liability coverage forms, rating rules, filings, or product governance. • Deep technical knowledge of ISO products and processes, including coverage forms, endorsements, rules, classifications, loss costs, circulars, and state implementation requirements. • Demonstrated experience developing, reviewing, or implementing non-ISO, proprietary, and manuscript coverage forms and endorsements. • Significant experience preparing or managing form, rate, and rule filings and responding to questions or objections from state Departments of Insurance. • Strong knowledge of admitted, non-admitted, and surplus lines markets and the regulatory and procedural requirements applicable to each. • Demonstrated ability to analyze complex coverage, rating, regulatory, and policy-construction issues and develop practical, well-supported solutions. • Experience leading cross-functional initiatives involving Underwriting, Compliance, Legal, Claims, Actuarial, Operations, and Information Technology. • Strong leadership, project management, written, verbal, analytical, organizational, and interpersonal communication skills. • Advanced proficiency in Microsoft Office, including Excel, and experience working with policy administration, rating, forms, filing, or regulatory systems. • Commercial Auto product experience involving trucking, motor carriers, or other transportation risks preferred. • Experience supporting captive insurance, fronting, alternative-risk, or multilayer casualty program structures preferred. • Experience with SERFF and other regulatory filing or product-content management platforms preferred. • Experience implementing insurance products within a policy administration system and translating coverage, rating, and state requirements into business and system specifications preferred. • Property and Casualty insurance license and/or a recognized industry designation such as CPCU, AU, ARM, CIC, or ARe preferred. • Prior experience providing functional leadership to product specialists, analysts, filing professionals, or external product resources preferred.

🏖️ Benefits

• Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance • ESPP • 401k • Student Loan Assistance • Tuition Reimbursement • Free Mental Health & Enhanced Advocacy Services • Paid Time Off • Holidays • Preferred Partner Discounts

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