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Insurance Innovation Jobs (NOW HIRING)

Qumis Inc

Director of Partnerships

New York, NY · On-site

$175K - $225K/yr

About the Role Work at the forefront of insurance innovation and help shape the industry's future with our forward-thinking partners. We're hiring our first Director of Partnerships to be a ...

Qumis Inc

Director of Strategic Accounts

New York, NY · On-site

$150K - $200K/yr

About the Role Work at the forefront of insurance innovation and help shape the industry's future with our forward-thinking partners. We're hiring our first Expansion Account Executive to be a ...

Qumis Inc

Account Executive

New York, NY · On-site

$125K - $175K/yr

About the Role Work at the forefront of insurance innovation and help shape the industry's future with our forward-thinking partners. We're hiring our first Account Executive to be a foundational ...

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Insurance Innovation information

See salary details

$23.5K

$59.1K

$97.5K

How much do insurance innovation jobs pay per year?

As of Jun 27, 2026, the average yearly pay for insurance innovation in the United States is $59,095.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,500.00 and $77,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Insurance Innovation, and why are they important?

To excel in Insurance Innovation, professionals typically need a strong background in insurance principles, data analysis, and business strategy, often supported by a degree in business, finance, or actuarial science. Familiarity with insurtech platforms, analytics tools, and certifications such as CPCU or AINS is highly beneficial. Creative problem-solving, adaptability, and effective communication are crucial soft skills for driving change and collaborating across departments. These skills enable professionals to identify emerging trends, design innovative products, and maintain a competitive edge in a rapidly evolving industry.

What is insurance innovation?

Insurance innovation refers to the development and implementation of new ideas, technologies, or business models within the insurance industry. This can include digital transformation, the use of artificial intelligence, new insurance products, improved customer experiences, or novel approaches to risk assessment and claims processing. The goal of insurance innovation is to make insurance more efficient, accessible, and responsive to changing customer needs. Insurtech companies are a major driver of innovation, often leveraging technology to disrupt traditional insurance practices. Ultimately, innovation helps insurers stay competitive and better serve their clients.

How does the Insurance Innovation role typically collaborate with other departments to drive new product development?

Professionals in Insurance Innovation frequently work cross-functionally, partnering with underwriting, IT, marketing, and actuarial teams to bring new insurance products to market. They act as a bridge between customer needs and technical feasibility, ensuring that innovative solutions are both viable and compliant. Regular brainstorming sessions, pilot program coordination, and feedback loops with stakeholders are common, making strong communication and project management skills essential for success in this collaborative environment.

What is the difference between Insurance Innovation vs Insurance Underwriter?

AspectInsurance InnovationInsurance Underwriter
Required CredentialsTypically a background in business, technology, or data analysis; certifications like Certified Innovation Professional are commonDegree in finance, economics, or related field; professional certifications like CPCU or FCAS often required
Work EnvironmentCollaborative, often in tech-driven or R&D teams within insurance companiesAnalytical, detail-oriented, working in underwriting departments or risk assessment teams
Employer & Industry UsageUsed across insurance companies focusing on product development and process improvementCore role in insurance companies managing risk assessment and policy approval

Insurance Innovation focuses on developing new insurance products, leveraging technology, and improving processes, often requiring a background in business or tech. Insurance Underwriters evaluate risks and determine policy terms, requiring strong analytical skills and industry-specific credentials. While both roles are vital in the insurance industry, they serve different functions—Innovation drives growth and modernization, whereas Underwriting manages risk and policy issuance.

More about Insurance Innovation jobs
What states have the most Insurance Innovation jobs? States with the most job openings for Insurance Innovation jobs include:
What job categories do people searching Insurance Innovation jobs look for? The top searched job categories for Insurance Innovation jobs are:
Insurance Innovation jobs near you
Director, Insurance Strategy & Innovation

Director, Insurance Strategy & Innovation

ParetoHealth

Boston, MA

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 15 days ago

Job description

We're in this for the greater good at ParetoHealth. Our mission is collective greatness, nothing less will do. Our team is a single force united in the drive to transform employee health benefits.

The company was founded in 2011 to help small and medium-sized businesses fight the rising cost of employee health benefits. We blazed the trail with financing innovations that reduce the risks in self-insurance and deliver significant savings—and we continue to lead with a growing ecosystem of partners and world-class cost control solutions.

But success is measured by more than dollars alone and we measure ours by the good that comes from knowing that every client and all their employees can count on effective, affordable healthcare for years to come.

Please note that ParetoHealth does not provide employment visa sponsorship for this position. Candidates must be authorized to work in the United States without sponsorship both now or in the future.

Position Summary:

ParetoHealth is seeking a Director of Insurance Strategy & Innovation to lead the evolution of our captive-based stop-loss solutions and drive innovation across our risk-sharing model. This role is responsible for defining product vision, advancing innovation, and aligning cross-functional teams to deliver competitive, data-driven solutions for self-funded employers.

As a strategic leader, you will shape and execute initiatives that strengthen Pareto's differentiated approach. This will include assessing alternative risk structures, managing and evolving our overall suite of protections, identifying market pain points, and developing solutions to address those needs.

The ideal candidate brings strategic thinking, creativity, strong analytical acumen, and a demonstrated ability to translate market and customer insights into impactful product strategies. Additionally, strong communication and collaboration capabilities are required to drive alignment across the organization.

Key Responsibilities:

Product Strategy & Vision

  • Define and own the risk product strategy for Pareto's captive and stop-loss portfolio
  • Assess alternative risk structures and determine whether/how Pareto should evolve captive structures, contribution models, and risk corridors to optimize performance and member experience
  • Identify market pain points and associated opportunities through broker feedback, claims analysis, regulatory insights, and assessment of the competitive landscape
  • Develop and prioritize a roadmap to expand/manage a suite of protections for captive Members aligned with company growth objectives and risk appetite

Market & Competitive Intelligence

  • Understand industry trends, including cost drivers, network strategies, and alternative funding models
  • Evaluate alternative product designs, pricing approaches, and underwriting methodologies
  • Partner with sales and marketing to capture voice-of-customer insights from brokers, consultants, and employer groups
  • Understand risk/ product management capabilities at carriers and TPAs in detail to identify gaps and opportunities

Cross-Functional Leadership

  • Drive alignment on product priorities and ensure effective execution of key initiatives across underwriting, product, and technology
  • Support go-to-market efforts in partnership with Product, Sales, and Marketing, including messaging and sales enablement

Required Skills & Qualifications:

  • 3-5 years of top-tier consulting experience
  • 3-5 years of experience owning Insurance Product strategy and innovation (e.g., carrier, broker, MGU)
  • Strong nose for value with ability to translate market pain points into solutions; creative, innovative mindset
  • Data-driven with strong analytical and financial acumen
  • Demonstrated ability to lead cross-functional initiatives in a complex, matrixed environment; superior communication skills

Preferred:

  • Deep understanding of risk-sharing structures and stop-loss mechanics
  • Experience with captive programs, alternative risk arrangements, or level-funded products
  • Experience working with mid-market employers (50–1,000 lives)
  • Exposure to clinical programs, cost containment vendors, and population health strategies
  • MBA or advanced degree

Core Competencies:

  • Creative with a focus on value – ability to identify opportunities and develop appropriate solutions
  • Data-driven – ability to utilize data to validate and size opportunities
  • Strategic thinking grounded in data and real-world performance
  • Strong communicator – ability to clearly communicate across all levels and functions to drive alignment
  • Cross-functional/collaborative – able to work across teams to define a solution and bring it to market (commercial focus)

What Success Looks Like

  • Continued evolution of Pareto's captive model as a market-leading solution
  • Strong adoption and advocacy from brokers, consultants, and employer groups
  • Tight alignment between product strategy, underwriting, and commercial execution

Perks & Benefits:

  • Fully paid medical, dental, and vision benefits.
  • Flexible PTO
  • 401k company contribution
  • Tuition reimbursement
  • Professional development allowance
  • Transportation allowance and daily parking reimbursement
  • Engaging hybrid work environment
We are guided by our values:

Fire in the belly

The drive to learn, to improve, and to deliver outstanding value every day.

See the field

The ability to see the big picture and prepare to meet tomorrow's needs.

Get it done right

The passion to produce at higher rates and to the highest standards.

For the greater good

A united community creating better health benefit solutions for all.

Please note that any communication from our recruiters and hiring managers at ParetoHealth about a job opportunity will only be made by a ParetoHealth employee with an @paretohealth.com address. ParetoHealth does not conduct text message or chat-based interviews. Any other email addresses, agencies, or forums may be phishing scams designed to obtain your personal information. We will not ask you to provide personal or financial information, including, but not limited to, your social security number, online account passwords, credit card numbers, passport information, and other related banking information until we begin onboarding activities, which will be coordinated by a member of the ParetoHealth People Ops Team with an @paretohealth.com email address.Disclosures:ParetoHealth is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of volunteers and vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all members of our staff, clients, volunteers, subcontractors, vendors, and clients.California Applicants: See Pareto's CCPA Notice of Collection for California Employees and Applicants for information about how Pareto Captive Services, LLC, Pareto Health, LLC, and Pareto Underwriting Partners, LLC, together with their respective subsidiaries (collectively, "Pareto") collects and uses personal information submitted by employment applicants.