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Insurance Product Development Jobs in Arizona (NOW HIRING)

Berkley

Director Product Development

Scottsdale, AZ

Company Details Vela Insurance Services Vela Insurance Services provides specialized Excess and ... Responsibilities The Product Development Director supports the VP of Underwriting in leading the ...

Berkley

Director Product Development

Scottsdale, AZ · On-site

Company Details Vela Insurance Services Vela Insurance Services provides specialized Excess and ... Responsibilities The Product Development Director supports the VP of Underwriting in leading the ...

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All JobsInsurance Product Development JobsInsurance Product Development Jobs in Arizona

Insurance Product Development information

See Arizona salary details

$39.6K

$118.3K

$134.7K

How much do insurance product development jobs pay per year?

As of Jun 11, 2026, the average yearly pay for insurance product development in Arizona is $118,338.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,700.00 and $133,300.00 per year, depending on experience, location, and employer.

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 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 most commonly searched types of Insurance Product Development jobs in Arizona? The most popular types of Insurance Product Development jobs in Arizona are:
What are popular job titles related to Insurance Product Development jobs in Arizona? For Insurance Product Development jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Insurance Product Development jobs in Arizona look for? The top searched job categories for Insurance Product Development jobs in Arizona are:
Insurance Product Development jobs near you
Infographic showing various Insurance Product Development job openings in Arizona as of June 2026, with employment types broken down into 2% As Needed, 78% Full Time, 17% Part Time, and 3% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $118,338 per year, or $56.9 per hour.
Director Product Development

Director Product Development

Berkley

Scottsdale, AZ

Other

Posted 16 days ago

Job description

Company Details

Vela Insurance ServicesVela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following market segments: Construction, Specialty Casualty, & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.

The Company is an equal employment opportunity employer.

Responsibilities

The Product Development Director supports the VP of Underwriting in leading the development, enhancement, and governance of Vela's products. This role manages the product portfolio, oversees form and endorsement development, and ensures product alignment with underwriting strategy and market needs while partnering closely with Segment Leaders and underwriting teams.

Manage the product library and ensure accuracy, consistency, and accessibility for underwriting teams. Support the VP of Underwriting in evaluating new product ideas and enhancements based on market trends, underwriting needs, and strategic priorities. Maintain product documentation, usage guidelines, and version control. Develop and maintain underwriting guidelines, appetite statements, and product usage standards. Provide product expertise to Segment Leaders and underwriters, including training and communication on product changes. Assist in implementing best practices for product governance, documentation, and lifecycle management. Monitor emerging underwriting issues, legal developments, and market trends relevant to Vela's product portfolio. Ensure product compliance with regulatory requirements in partnership with Finance and Operations. Recommend product adjustments or new offerings based on competitive intelligence and market shifts. Work with the VP of Underwriting to analyze underwriting performance, product profitability, and portfolio trends. Identify areas for improvement and recommend changes to enhance underwriting results and product effectiveness. Support the development of reporting, dashboards, and feedback loops to track product performance. Provide guidance and mentorship to product development staff or underwriting contributors involved in product work. Foster strong working relationships with underwriting teams to ensure product clarity, adoption, and alignment with business goals. Support internal communication of product updates, changes, and strategic initiatives. Other duties as assigned. Regular and predictable attendance.

Qualifications

Competencies:

Strong knowledge of insurance products, coverage design, and underwriting principles. Ability to analyze underwriting results and identify product improvement opportunities. Strong written and verbal communication skills with high attention to detail. Ability to work independently, manage multiple priorities, and drive projects to completion. Proficiency in Word, Excel, and PowerPoint.

Qualifications:

Minimum 8-12 years of commercial insurance experience, preferably within E&S. Experience drafting forms, endorsements, underwriting guidelines and rates.

Education Requirement

Four (4) year college degree, or commensurate experience and training. JD a plus. CPCU, AIM, CRIS, ASLI and other professional designations preferred.

Additional RequirementsLocation and Travel: Primary location Scottsdale, AZ.Sponsorship DetailsSponsorship not Offered for this RoleEmployment Type: OTHER

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