Product Management – Specialty Product Manager
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Job Description
Specialty Product Manager shaping Management Liability insurance products at Hanover. Leading coverage development, regulatory compliance, market analysis, and underwriting strategy.
Responsibilities:
- Lead development, design, and maintenance of proprietary Management Liability coverage forms and associated rules for admitted and non-admitted use
- Draft new forms and revise existing forms to meet underwriting needs and evolving legal requirements
- Monitor and analyze regulatory and judicial environments to maintain compliance in writing states
- Conduct, monitor, and interpret market research and competitive analysis for the assigned product line
- Collaborate with Specialty Underwriting to establish and support professional and executive lines strategies and goals
- Develop filing strategies and manage responses to State Department of Insurance objections and inquiries
- Mentor and collaborate closely with Product Analysts
- Partner with Product, Underwriting, Claims, Legal, Compliance, Actuarial, and Technology teams to drive profitable growth and customer outcomes
Requirements:
- 3-5 years of Specialty insurance experience with working knowledge and experience in product, or any combination of education and experience providing an equivalent background
- Thorough understanding of specialty insurance products, policy wording, forms drafting, coverages, and regulatory environment
- Advanced leadership, innovation, initiating, organization, and time management skills
- Excellent oral and technical writing communication skills and attention to detail
- Advanced ability to comprehend and communicate product strategies, underwriting strategies, and coverage inter-relationships
- Strong ability to influence strategic decisions supporting corporate goals
- Superior interpersonal skills aligned with Hanover's CARE values
Benefits:
- Flexibility through a hybrid work arrangement or fully remote capacity anywhere in the United States
- Opportunity to influence product strategy, innovation, and business success
- Full-time, exempt role
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