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Insurance Product Development Jobs (NOW HIRING)

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Insurance Product Development information

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$42.5K

$127K

$144.5K

How much do insurance product development jobs pay per year?

As of May 30, 2026, the average yearly pay for insurance product development in the United States is $126,987.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,500.00 and $143,000.00 per year, depending on experience, location, and employer.

What is an Insurance Product Development job?

An Insurance Product Development job involves designing, testing, and launching insurance products that meet market demands and regulatory requirements. Professionals in this role analyze industry trends, assess risks, and collaborate with underwriting, actuarial, and marketing teams to develop competitive policies. They ensure compliance with legal standards and optimize product offerings to attract customers while maintaining profitability. This position requires a mix of analytical skills, market research, and knowledge of insurance principles.

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

To thrive in Insurance Product Development, a solid background in insurance concepts, product design, and market analysis is typically required, often supported by a degree in business, finance, or a related field. Familiarity with actuarial software, data analytics tools, and regulatory compliance systems is highly valued, and some roles may require certifications such as CPCU or CLU. Strong project management, creativity, and effective communication skills are important soft skills for collaborating with cross-functional teams and stakeholders. These competencies are crucial to successfully developing innovative insurance products that meet market demands while adhering to regulatory requirements.

What are the main responsibilities of someone working in Insurance Product Development?

Professionals in Insurance Product Development are responsible for researching market trends, identifying customer needs, and designing new insurance products or enhancements to existing offerings. This role often involves close collaboration with underwriting, actuarial, marketing, and compliance teams to ensure products are competitive, profitable, and compliant with industry regulations. Team members may also conduct competitor analysis, coordinate product launches, and provide ongoing lifecycle support for their products. The work environment is typically dynamic and project-driven, offering both creative and analytical challenges.

What does a product development job do?

An insurance product development job involves designing, creating, and improving insurance products to meet market needs and regulatory standards. It requires analyzing customer data, collaborating with underwriting and marketing teams, and using tools like actuarial software to develop competitive offerings. The role often involves project management and understanding industry trends to ensure product success.
What cities are hiring for Insurance Product Development jobs? Cities with the most Insurance Product Development job openings:
What are the most commonly searched types of Insurance Product Development jobs? The most popular types of Insurance Product Development jobs are:
What states have the most Insurance Product Development jobs? States with the most job openings for Insurance Product Development jobs include:
Infographic showing various Insurance Product Development job openings in the United States as of May 2026, with employment types broken down into 55% Full Time, 42% Part Time, and 3% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $126,987 per year, or $61.1 per hour.

Insurance Product Development Manager

Hyundai Capital

Irvine, CA

$123K - $153.60K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 9 days ago


Job description

Job Title: Insurance Product Development Manager

Hyundai Capital America (HCA) helps people move forward. Through Hyundai Motor Finance, Genesis Finance, and Kia Finance, we deliver innovative financing, leasing, and insurance solutions to more than 3 million customers and businesses nationwide.

We're a company driven by growth, innovation, and people. At HCA, you'll find opportunities to build new skills, expand your career, and make a real impact-while working in a diverse, inclusive, and valuesdriven environment. We're proud to support our communities through volunteerism, philanthropy, and engaged Employee Resource Groups.

If you're looking for a fastpaced, collaborative workplace where your ideas matter, join us as we lead the future of financing freedom of movement. Apply today.

WORK MODEL

#LI-OnSite (4 days a week)

WHAT YOU WILL DO

The Product Development Manager will manage various aspects of product development and portfolio management to help meet organizational goals. This role will be responsible for helping to develop new products and features, manage relationships (with OEMs, Sales, Legal and other stakeholders), project approvals and communication, business process improvement, project management and claims management across all HCI and OEM programs.

HOW YOU WILL MAKE AN IMPACT

1. Relationship Management: Own touchpoints with key stakeholders (internal and external) including sales, OEMs, marketing, legal/compliance, etc., which includes meeting management, minutes, action items, and reporting.

2. Product Development: Lead development for HCI core product suite updates and new product launches from end to end (ideation to product launch). Post-launch performance monitoring and reporting.

3. Form Development: Lead development of consumer-facing product forms and all regulatory and compliance requirements related to the forms.

4. Leadership alignment: Provide support in obtaining necessary alignment and approvals from leadership for all required new or updated products.

WHAT YOU WILL BRING TO THE ROLE

        Minimum 5-7 progressive experience with product development and analytical frameworks

        Experience working on insurance or finance products a plus. Education, Certification, Training

        Bachelor's degree in Statistics, Marketing, Sales Management, Business, or related field.

        Master's degree in related field a plus. Knowledge, Skills, Abilities

        Strong analytical skills with proven ability to summarize data and draw insights.

        Intermediate skills in languages such as Python/SQL/SAS or other data querying languages a plus.

        Proficient with Microsoft Office

        Strong interpersonal skills and building relationships.

        Strong verbal and written communication skills.

        Resourceful and innovative problem-solving skills with a focus on how to get tasks completed

WE TAKE CARE OF OUR PEOPLE

At HCA, we know our success starts with our people. We offer a comprehensive rewards package designed to support your health, financial wellbeing, and life outside of work - so you can bring your best every day.

In addition to competitive pay, our benefits include:

        Hybrid work schedule offering 4 on-site days and 1 remote day per week

        Vehicle benefits designed around your role, including monthly allowances and purchase and lease discounts

        Flexible health coverage with medical, dental, and vision plans, including no cost and low-cost options

        Annual employer HSA contribution to help offset healthcare expenses

        401(k) with company match and immediate vesting, so you can start building your future from day one

        100% company paid life and disability insurance for added peace of mind

        Wellbeing programs at no cost to you, including gym benefits and health resources

        Generous parental leave to support growing families

        Paid Volunteer Time Off, plus a company donation to a charity of your choice

At HCA, our benefits are more than perks - they're part of our commitment to supporting you at work and in life. Learn more about benefits at HCA!

WHAT HAPPENS NEXT

Express your interest by submitting an application. Once your application is received, our recruiting team will review your application to see if you meet the basic and preferred qualifications listed on the job description. For more information on our culture, visit our careers page.

OTHER DETAILS

Our Company is an equal opportunity employer committed to fostering a diverse, inclusive, and respectful workplace-because we believe diversity builds stronger teams. We comply with all applicable federal, state, and local equal employment opportunity laws and do not discriminate on the basis of race, religion or creed, color, national origin, ancestry, caste, citizenship, sex or gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, medical condition, genetic information, marital status, family care or medical leave status, military or veteran status, political affiliation, or any other characteristic protected by law. Information provided during the application process is requested in good faith and will be used solely in accordance with applicable employment laws.

California Privacy Notice

This notice only applies to our applicants who reside in the State of California.

The latest version of our Privacy Policy can be found here. This Privacy Policy provides you with notice, at or before the point of collection, about the categories of personal information to be collected from you, the purposes for which your personal information is collected or used, and whether that information is sold or shared, so that you can exercise meaningful control over our use of your personal information. We are providing this notice to comply with the California Consumer Privacy Act of 2018, as amended as amended by the California Privacy Rights Act of 2020 ("CCPA"). 

If you have any questions about CCPA regarding California residents or HCA team members, please contact the Privacy Team at Privacy2@hcs.com.