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Insurance Product Development Jobs in Colorado (NOW HIRING)

Ursa Major

Director, New Product Development

Berthoud, CO · On-site

$190K - $238K/yr

As the Director, New Product Development, you are responsible for driving the maturation of new ... Medical, Dental and Vision Insurance * Tax Advantage Accounts (HSA/FSA) * Employer Paid Short and ...

Gates

Product Development Engineer II

Englewood, CO · On-site

$76K - $85K/yr

Position Summary The hose product engineering team is responsible for the design, development, and ... Medical, Dental, Vision insurance and other voluntary benefit options: benefits begin on the first ...

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All JobsInsurance Product Development JobsInsurance Product Development Jobs in Colorado

Insurance Product Development information

See Colorado salary details

$44.7K

$133.5K

$151.9K

How much do insurance product development jobs pay per year?

As of Jun 10, 2026, the average yearly pay for insurance product development in Colorado is $133,530.00, according to ZipRecruiter salary data. Most workers in this role earn between $120,400.00 and $150,400.00 per year, depending on experience, location, and employer.

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 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 Colorado? The most popular types of Insurance Product Development jobs in Colorado are:
What are popular job titles related to Insurance Product Development jobs in Colorado? For Insurance Product Development jobs in Colorado, the most frequently searched job titles are:
What job categories do people searching Insurance Product Development jobs in Colorado look for? The top searched job categories for Insurance Product Development jobs in Colorado are:
What cities in Colorado are hiring for Insurance Product Development jobs? Cities in Colorado with the most Insurance Product Development job openings:
Insurance Product Development jobs near you
Infographic showing various Insurance Product Development job openings in Colorado as of June 2026, with employment types broken down into 2% As Needed, 79% Full Time, 14% Part Time, and 5% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $133,530 per year, or $64.2 per hour.

Product Analyst, Commercial Insurance

MGT Insurance

Denver, CO • On-site

Full-time

Posted 26 days ago

Job description

Job Summary:
MGT Insurance is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for brokers and small business owners. The Product Analyst, Commercial Insurance supports the Sr. Commercial Product Leader in product development, pricing, and regulatory activities while collaborating with various teams to innovate and enhance commercial insurance products.
Responsibilities:
• Assist in developing and enhancing commercial P&C products across multiple lines of business.
• Support the Sr. Commercial Product Leader in drafting product requirements, preparing product documentation, and coordinating cross-functional workstreams.
• Participate in the research, planning, and evaluation of new product initiatives.
• Conduct data analysis to support pricing, product design, risk segmentation, and rate adequacy.
• Build and maintain analytical models using SQL, Python, R, SAS, or other statistical tools.
• Assist in monitoring product performance, including loss trends, underwriting patterns, and competitive benchmarks.
• Support the development of rating structures and pricing models for new and existing products.
• Assist with state filing activities, including preparing components of filings, compiling exhibits, and supporting responses to regulator questions.
• Help maintain organized documentation and filing artifacts for tracking and compliance.
• Conduct research on competitor forms, rates, rules, and market trends to inform product decisions.
• Support competitive analysis that informs coverage design, pricing, and product positioning.
• Work closely with underwriting, actuarial, claims, compliance, and engineering teams to support product implementation and updates.
• Assist with product testing and validation during system implementations or upgrades.
• Work on projects and initiatives supporting the Sr. Commercial Product Leader across product strategy, enhancement, and modernization efforts.
• Help create dashboards, reports, and insights using tools such as Power BI or other visualization platforms.
• Support documentation, training materials, and product communications.
• Contribute to automation and workflow improvements using AI tools, including OpenAI platforms (a plus).
Qualifications:
Required:
• 3+ years of experience in the insurance industry, including roles in underwriting, claims, product, actuarial support, or data analytics.
• Hands-on experience with SQL, Python, R, SAS, or similar tools.
• Bachelor’s degree required, ideally in Business, Math, Statistics, Economics, Finance, Insurance, Data Science, Actuarial Science, or related fields.
• Strong analytical and quantitative skills; ability to manipulate and interpret data.
• Curiosity and a desire to learn commercial insurance product development.
• Excellent problem-solving skills with attention to detail.
• Effective communication skills, both written and verbal.
• Ability to manage multiple tasks and deadlines in a dynamic, fast-paced environment.
Preferred:
• Experience working in an analytical capacity preferred (pricing, analytics, modeling, or quantitative problem-solving).
• Experience with visualization tools (Power BI preferred).
• Experience with insurance product management or product development processes is a plus.
• Experience working with AI tools (including OpenAI platforms) is a bonus.
• Master’s degree is a plus.
• Insurance certifications (CPCU, AINS, ARM, etc.) are a plus.
• Basic understanding of commercial P&C insurance products, coverage concepts, or rating principles preferred.
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.

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