Job Summary:
MGT Insurance is an AI-driven, neo-insurer focused on evolving commercial P&C insurance. The Product Development Manager will develop, enhance, and manage the companyโs commercial P&C products, leading new product development and collaborating cross-functionally to bring products from concept to market.
Responsibilities:
โข Lead the design and launch of new commercial products, forms, and coverages
โข Manage the lifecycle of existing products to ensure competitiveness and profitability
โข Develop underwriting guidelines, eligibility criteria, and coverage specifications
โข Partner on product strategy, prioritization, and roadmap planning
โข Draft and maintain forms, endorsements, and coverage language
โข Support pricing and rating updates with actuarial
โข Contribute to state filings, including documentation and regulator responses
โข Drive product initiatives from concept through implementation and post-launch monitoring
โข Translate product requirements for system configuration
โข Partner with underwriting, claims, and distribution to align product design with business needs
โข Collaborate with compliance, legal, actuarial, and engineering to ensure accuracy and scalability
โข Ensure compliance with jurisdictional requirements
โข Monitor legislative and industry changes impacting products
โข Analyze performance, loss trends, and competitive positioning to drive improvements
โข Present insights, recommendations, and product updates to stakeholders
โข Develop product documentation, training materials, and internal communications
โข Serve as a subject matter expert on coverage intent and product design
Qualifications:
Required:
โข ~8โ12 years in underwriting, product development, or commercial P&C coverage
โข Experience developing products, forms, or pricing approaches
โข Familiarity with regulatory filings and compliance processes
โข Strong market analysis and competitive intelligence skills
โข Bachelorโs degree in Business, Risk Management, Finance, or related field
โข Strong commercial P&C underwriting and coverage knowledge
โข Analytical and problem-solving skills with attention to detail
โข Clear communication and ability to influence across teams
โข Highly organized with the ability to manage multiple priorities
โข Proficiency in MS Office
Preferred:
โข Experience influencing product strategy or portfolio performance is a plus
โข CPCU, ARM, AU, or similar designations are a plus
โข Tableau or Power BI experience is a plus
Company:
MGT is the first AI neo-insurer: a modern, full-stack carrier built by experienced industry professionals. Founded in 2023, the company is headquartered in Sherman Oaks, USA, with a team of 51-200 employees. The company is currently Growth Stage.