1

Financial Lines Insurance Jobs in Michigan (NOW HIRING)

next page

Showing results 1-20

Financial Lines Insurance information

What are some common challenges faced by professionals in financial lines insurance, and how can they be managed?

Professionals in Financial Lines Insurance often encounter challenges such as staying updated with evolving regulations, understanding complex client risks, and managing large volumes of policy documentation. To manage these, it's crucial to engage in continuous professional development, collaborate closely with underwriters and legal teams, and utilize specialized software for compliance and risk assessment. Building strong client relationships also helps in proactively identifying changes in risk profiles and offering tailored solutions.

What is financial lines insurance?

Financial lines insurance refers to a range of commercial insurance products designed to protect businesses and professionals against financial losses resulting from claims of negligence, errors, omissions, or wrongful acts. Common types of financial lines insurance include Directors and Officers (D&O) liability, Professional Indemnity, Cyber Liability, and Employment Practices Liability. These policies help cover legal costs, settlements, or damages arising from lawsuits or regulatory investigations. Financial lines insurance is essential for businesses seeking to manage their risks in an increasingly complex regulatory and litigation environment.

What are the key skills and qualifications needed to thrive in financial lines insurance?

To thrive in Financial Lines Insurance, you need a solid understanding of financial products, risk assessment, and policy underwriting, typically supported by a degree in finance, business, or a related field. Familiarity with insurance management systems, risk modeling software, and certifications such as Chartered Insurance Professional (CIP) or Associate in Risk Management (ARM) is highly valuable. Strong analytical skills, attention to detail, and effective client communication are vital soft skills for this role. These competencies ensure accurate policy structuring, effective risk management, and strong client relationships in a highly specialized and regulated sector.

What is the difference between Financial Lines Insurance vs Underwriter?

AspectFinancial Lines InsuranceUnderwriter
Required CredentialsInsurance certifications, finance knowledgeInsurance licenses, risk assessment skills
Work EnvironmentInsurance companies, brokerage firmsInsurance companies, underwriting departments
Industry UsageDesigns policies for financial risksEvaluates risks to approve policies

Financial Lines Insurance professionals focus on creating policies for financial risks like errors & omissions or directors & officers liability, while underwriters assess risks and decide on policy issuance. Both roles require insurance knowledge, but their functions differ: one designs policies, the other evaluates risks.

What are popular job titles related to Financial Lines Insurance jobs in Michigan? For Financial Lines Insurance jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Financial Lines Insurance jobs in Michigan look for? The top searched job categories for Financial Lines Insurance jobs in Michigan are:
What cities in Michigan are hiring for Financial Lines Insurance jobs? Cities in Michigan with the most Financial Lines Insurance job openings:

Insurance Product Manager, Agribusiness & Commercial Lines

Hastings Mutual Insurance Company

Hastings, MI โ€ข On-site, Remote

Full-time

Retirement, PTO

Re-posted 3 days ago


Job description

Shape the future of Hastings Agribusiness and Commercial Lines insurance products.

Hastings Insurance is seeking an Insurance Product Manager to help shape and manage our Agribusiness or Commercial Lines insurance products. Working closely with Underwriting, Actuarial, Claims, Legal, and other business partners, you'll guide product strategy, pricing, form development, regulatory filings, and product enhancements that support profitability, compliance, and long-term growth.

This role offers the opportunity to influence products from concept through implementation while serving as a key contributor to business performance. Whether your background is in product development, underwriting, pricing, or another insurance discipline, you'll play an important role in helping Hastings deliver competitive, customer-focused insurance solutions across our markets.

ย Location & Schedule:
  • This is a full-time, salaried position working Monday through Friday, 8:00 a.m. to 4:30 p.m.
  • This position may be performed onsite at our Hastings, Michigan headquarters, in a hybrid work arrangement, or fully remote.
    • Remote candidates, however, must reside in Michigan, Ohio, Indiana, Illinois, or Wisconsin.
ย What You'll Do:
  • Develop and execute product strategies for assigned Agribusiness or Commercial Lines insurance products.
  • Identify opportunities to improve product performance, profitability, competitiveness, and customer value.
  • Design and manage product changes from concept through implementation and ongoing maintenance.
  • Analyze product performance, market trends, competitor offerings, and business results to recommend actionable improvements.
  • Partner with Actuarial to develop pricing strategies and evaluate business impacts.
  • Develop formal product proposals, including rate indications, coverage comparisons, and rating variable analyses.
  • Ensure timely regulatory compliance through form development, rate filings, rule filings, and state filings.
  • Prepare and manage rate, rule, and form filings using SERFF.
  • Respond to regulatory inquiries and objections in partnership with Actuarial and Legal.
  • Coordinate implementation of product revisions across Underwriting, Claims, IT, and other business areas.
  • Lead cross-functional collaboration to gain alignment and approval on product changes and initiatives.
  • Maintain underwriting guidelines, eligibility rules, product documentation, and related materials.
  • Define business and system requirements associated with product changes and enhancements.
  • Validate rates, algorithms, forms, and system updates through testing and review.
  • Oversee communication and training related to product updates for internal and external audiences.
  • Serve as a subject matter expert supporting Underwriting, Claims, Marketing, and other departments.
  • Conduct periodic audits and maintain form indexes for assigned product lines.
  • Participate in cross-functional projects and continuous improvement efforts.
ย What You'll Bring:
  • Bachelor's degree in Business, Insurance, Mathematics, Statistics, or a related field, or an equivalent combination of education and experience.
  • Five or more years of Property & Casualty insurance experience.
  • Direct experience supporting Commercial Lines, Agribusiness, Farm Lines, or related insurance products.
  • Experience in product development, product management, underwriting, pricing, actuarial support, marketing, or a related insurance discipline.
  • Strong understanding of insurance product development, pricing structures, coverage forms, and regulatory requirements.
  • Experience with rate development, product lifecycle management, and state filing processes.
  • Knowledge of SERFF and insurance regulatory filing requirements preferred.
  • Strong analytical skills with the ability to interpret data and make sound business recommendations.
  • Ability to collaborate effectively across Underwriting, Actuarial, Claims, Legal, IT, and other business functions.
  • CPCU, AU, actuarial coursework, or other insurance designations preferred.
  • Excellent written and verbal communication skills.
  • Strong organizational, project management, and problem-solving skills.
  • Proficiency with Microsoft Office applications.
ย About Hastings Insurance:

For more than 135 years, Hastings Insurance has helped individuals, families, and businesses protect what matters most. As a trusted partner to independent agents and policyholders, we've earned a reputation for financial strength, exceptional service, and long-term stability, including an A (Excellent) financial strength rating from A.M. Best.

While we're proud of our history, we're equally focused on the future. We're investing in technology, strengthening partnerships with independent agents, and continuously evolving our products and services to meet the changing needs of our customers.

Just as importantly, we're investing in our people. Employees enjoy a collaborative, down-to-earth culture where initiative is valued, growth is encouraged, and good work is recognized. We offer competitive pay and benefits, including a 401(k) with company matching contributions, generous paid time off, tuition and professional development assistance, and company performance-based incentive compensation opportunities.

ย Our Organizational Commitment:

At Hastings Insurance, we believe our people are our greatest strength. We foster a workplace where employees are treated with respect, supported in their growth, and empowered to contribute. We know that diverse perspectives lead to stronger collaboration, better decisions, and better outcomes for our customers and communities.

We are proud to be an equal opportunity employer. Employment decisions are based on business needs, job requirements, and individual qualifications, without regard to any legally protected characteristic.

If you require a reasonable accommodation during the application or interview process, please contact our Talent Acquisition team at 800-442-8277.