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Insurance Innovation Jobs (NOW HIRING)

Ladder

Director, Underwriting

$100K - $230K/yr

We believe life insurance innovation must happen in the context of sound underwriting decisions. The Director, Underwriting will lead Ladder's underwriting team. * Manage 3 UW teams and develop their ...

DHL

Innovation Analyst

Westerville, OH · On-site

Supports the sector Innovation team agenda of business planning, organization development ... We offer competitive wages, excellent affordable insurance benefits (including health, dental ...

DPDHL

Innovation Analyst

Westerville, OH · On-site

Supports the sector Innovation team agenda of business planning, organization development ... We offer competitive wages, excellent affordable insurance benefits (including health, dental ...

New

njr

Innovation Engineer

Wall, NJ · Hybrid

$77K - $104K/yr

The Innovation Engineer will work in a collaborative and cross-functional manner across NJNG's and ... Medical insurance coverage from day 1; 401k vesting immediate. * Employee insurance and medical ...

Gallagher

Account Manager

Cambridge, MD

How you'll make an impact In this role, you'll be at the forefront of cyber risk management and insurance innovation. You'll: * Develop and acquire new business revenue from both new and existing ...

njr

Innovation Engineer

Wall, NJ · Hybrid

$77K - $104K/yr

The Innovation Engineer will work in a collaborative and cross-functional manner across NJNG's and ... Medical insurance coverage from day 1; 401k vesting immediate. * Employee insurance and medical ...

Cyclotron, Inc.

Innovation Strategist

$125K - $144K/yr

Innovation & Strategy Location: Remote (US or Canada) Rate: $125,000-$145,000 USD (rates vary in ... We provide competitive health, dental, and vision insurance, and we cover 100% of employee medical ...

Santa Cruz Nutritionals

Innovation Scientist

Santa Cruz, CA · On-site

$101K - $152K/yr

The Innovation Scientist is an intermediate-level Research & Development (R&D) position responsible ... life insurance, paid time off, tuition reimbursement, and more, as well as paid sick leave in ...

NavSav Insurance

Insurance Leader

Douglasville, GA · On-site

Our people bring ambition, passion, and innovation to every dimension of our company. Every member ... The ideal Insurance Leader would be enthusiastic about this position and the part that our agents ...

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Showing results 1-20

All JobsInsurance Innovation Jobs

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 Product Innovation and Emerging Solutions

Director, Insurance Product Innovation and Emerging Solutions

Oscar Health

New York, NY • On-site

$162K - $213K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

Oscar Health rating

6.9

Company rating: 6.9 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

229th of 263 rated insurance

Job description

Hi, we're Oscar. We're hiring a Director, Insurance Product Innovation and Emerging Solutions to join our Insurance Product Development team.
Oscar is the first health insurance company built around a full stack technology platform and a relentless focus on serving our members. We started Oscar in 2012 to create the kind of health insurance company we would want for ourselves-one that behaves like a doctor in the family.
About the role:
The Director, Insurance Product Innovation and Emerging Solutions leads the development, as well as, execution of a portfolio of innovative lifestyle focused health insurance products, including employer-subsidized, multicultural, disease-specific products, and strategic vendor partnerships.
This role operates as a hands-on product leader and people leader, accountable for end to end product strategy, design, execution, and performance. The Director translates enterprise priorities and market insights into scalable, clinically, and customer experience informed market ready solutions that address diverse and high need populations, while driving growth, affordability, and portfolio performance.
You will report into the Vice President, Insurance Product Innovation and Development
Work Location: This is a remote / work-from-home role. You must reside in one of the following states: Arizona, California, Colorado, Florida, Georgia, Illinois, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, or Virginia. Note, this list of states is subject to change. #LI-Remote
Pay Transparency: The base pay for this role is: $180,504 - $236,911 per year in New Jersey, New York, and California. The base pay for all other locations is: $162,453 - $213,220 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program, and annual performance bonuses.
Responsibilities:
Product Strategy Ownership
  • Own portfolio strategy, roadmap, and long-term vision for innovative, lifestyle, and emerging health insurance solutions
  • Define product investment priorities, including launch, expansion, modification, or sunset decisions
  • Leads and develops business cases and ROI assessments associated with new product offerings, including cross-functional alignment on key modeling assumptions to propel growth in membership and margin
  • Translate enterprise strategy and market signals, cross-functionally, into clear product visions, target segments, and value propositions
  • Identify opportunities driven by member needs, health disparities, utilization trends, and cost drivers, in partnership with actuarial, medical economics, market leadership, and corporate finance

Product Design, Clinical Integration & Innovation
  • Partner with intra-department with leaders to deliver fileable, scalable, and clinically informed lifestyle health plan designs
  • Lead development of multicultural and population-specific offerings tailored to diverse member and community needs
  • Support development of disease specific and condition specific health solutions, integrating clinical, network, actuarial, and benefit design to delight and differentiate
  • Drive innovation in affordability, access, and experience, including benefit design, cost-sharing strategies, and targeted plan constructs
  • Oversee integration of ancillary and supplemental offerings aligned to core major medical insurance products

Strategic Partnerships & Ecosystem Development
  • Develop and execute partnerships cross-functionally with providers, retail, and non-traditional partners to build Oscar's ecosystem of consumer lifestyle offerings
  • Structure product models that leverage external capabilities to enhance value and differentiation across Oscar's portfolio
  • Ensure seamless integration of partners into product design and go-to-market execution, alongside market leadership

Team Leadership & Execution
  • Drive execution through complex dependencies, timelines, and trade-offs
  • Establish and operate within a data and analytically driven product development model, including use of segmentation and journey frameworks
  • Build, lead, and develop a high-performing team of managers and/or analysts
  • Set clear expectations, priorities, and accountability for delivery of product outcomes
  • Operate as a player/coach, directly contributing to complex product work, while leading team execution

Requirements
  • Bachelor's degree or 10+ years of commensurate work experience in health insurance, product strategy, or insurance product management
  • 5+ years experience leading teams and complex cross-functional initiatives
  • Experience developing and launching disease specific or ACA/Small Group health insurance products
  • Experience building and evaluating business cases, including revenue, cost, and ROI considerations
  • Strong cross-functional leadership and ability to operate in a matrixed environment
  • Analytical mindset with ability to translate data into actionable insights
  • Willingness to travel up to 25% of the time.

Bonus Points
  • Bachelor's Degree.
  • MBA, MHA, or other advanced degree.
  • Experience developing solutions for multicultural, underserved, or specialized chronic condition populations
  • Familiarity with clinically oriented or disease specific product models, focused on ACA and Small Group populations
  • Experience with ancillary products, including vendor/partnership management post-implementation (e.g., dental, vision, supplemental A&H products)
  • Exposure to regulatory filing processes (e.g., PBT, SBC, SERFF) and QHP certification processes
  • Track record of developing high-performing talent and building strong team culture

This is an authentic Oscar Health job opportunity. Learn more about how you can safeguard yourself from recruitment fraud here.
At Oscar, being an Equal Opportunity Employer means more than upholding discrimination-free hiring practices. It means that we cultivate an environment where people can be their most authentic selves and find both belonging and support. We're on a mission to change health care -- an experience made whole by our unique backgrounds and perspectives.
Pay Transparency: Final offer amounts, within the base pay set forth above, are determined by factors including your relevant skills, education, and experience. Full-time employees are eligible for benefits including: medical, dental, and vision benefits, 11 paid holidays, paid sick time, paid parental leave, 401(k) plan participation, life and disability insurance, and paid wellness time and reimbursements.
Artificial Intelligence (AI): Our AI Guidelines outline the acceptable use of artificial intelligence for candidates and detail how we use AI to support our recruiting efforts.
Reasonable Accommodation: Oscar applicants are considered solely based on their qualifications, without regard to applicant's disability or need for accommodation. Any Oscar applicant who requires reasonable accommodations during the application process should contact the Oscar Benefits Team (accommodations@hioscar.com) to make the need for an accommodation known.
California Residents: For information about our collection, use, and disclosure of applicants' personal information as well as applicants' rights over their personal information, please see our Privacy Policy.

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