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Insurance Product Development Jobs in New Jersey

Munich Re

Product Development Business Partner

Princeton, NJ · On-site

$120K - $149K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

End-to-End development of new insurance products to support multiple business units and coverage lines, including General Liability (Casualty, Excess and Umbrella), Commercial Property, Management ...

NJM Insurance Group

Manager, PL Product Development

Trenton, NJ

$114K - $143K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Minimum 3-5 years of experience in insurance product development, product management, actuarial, or analytics, with increasing responsibilities * Strong analytical abilities and natural curiosity for ...

NJM Insurance Group

Manager, PL Product Development

Trenton, NJ · On-site

$114K - $143K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Minimum 3-5 years of experience in insurance product development, product management, actuarial, or analytics, with increasing responsibilities * Strong analytical abilities and natural curiosity for ...

Markel International

Sr. Product Development Specialist

Red Bank, NJ · On-site +1

$78K - $107K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

The Senior Product Development Specialist is responsible for form development of new or revised insurance products and programs, drafting insurance documents and researching coverage forms for Markel ...

Brilliant Earth

Product Development Specialist

Secaucus, NJ · On-site

$55K - $70K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Product Development Specialist - Secaucus, NJ Position Overview: We are seeking a hard-working ... Insurance kicks in on the first day of your 2nd month! * 401k match. We know that saving for the ...

Brilliant Earth

Product Development Specialist

Secaucus, NJ

$55K - $70K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Product Development Specialist - Secaucus, NJ Position Overview: We are seeking a hard-working ... Insurance kicks in on the first day of your 2nd month! * 401k match. We know that saving for the ...

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Showing results 1-20

All JobsInsurance Product Development JobsInsurance Product Development Jobs in New Jersey

Insurance Product Development information

See New Jersey salary details

$43.1K

$128.9K

$146.7K

How much do insurance product development jobs pay per year?

As of Aug 15, 2026, the average yearly pay for insurance product development in New Jersey is $128,922.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,200.00 and $145,200.00 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?

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 insurance product development, 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 popular job titles related to Insurance Product Development jobs in New Jersey?

For Insurance Product Development jobs in New Jersey, the most frequently searched job titles are:

What job categories do people searching Insurance Product Development jobs in New Jersey look for?

The top searched job categories for Insurance Product Development jobs in New Jersey are:

What cities in New Jersey are hiring for Insurance Product Development jobs?

Cities in New Jersey with the most Insurance Product Development job openings:

Insurance Product Development jobs near you
Infographic showing various Insurance Product Development job openings in New Jersey as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $128,922 per year, or $62 per hour.

Insurance Product Development Expert - NJ #2806

Right Talent Right Now

Jersey City, NJ • On-site

$119K - $149K/yr

Full-time

Re-posted 28 days ago

Job description

Job Description

Position Title Insurance Product Development Expert - NJ #2806

Relocation Yes

Location Jersey City, NJ

Company is seeking an Insurance Product Development Experts.

As a product development team member you will conceptually and technically develop new and revised insurance programs in response to the changing business environment. We will look to you for strategic thought leadership in your domain, using your understanding of coverages, markets, industries, legal, and regulatory trends, our customers, and our competitors to gauge impacts on our insurance programs, provide actionable insights, and create new products and product enhancements. You will also collaborate with our product strategy leaders and compliance experts to react to emerging trends and create new insurance products and related information.

The better we know our customers, the better we can serve them. Customer focus will guide all aspects of your work. You will engage with customers and respond to their feedback with key developments, and develop products that anticipate their needs. This includes participating in panels or other customer forums, representing the product to customers, meeting with them individually and being a key customer resource. You may also represent us at industry conferences and with professional organizations, including preparing and giving presentations and authoring or co-authoring white papers or articles.

As part of a small staff of line-of-business experts you will collaborate with all stakeholders. This means inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners.

Qualifications

Bachelor's degree or equivalent experience.

Minimum four years P&C insurance experience, strong knowledge of coverages in desired line of business required including robust knowledge of market, industry, and competitor trends.

Development or analysis of policy forms required.

Proven research and analytical skills.

Pro-active problem solver.

Excellent verbal and written communication skills.

Experience building great internal or external customer relationships that focus on gaining actionable insights and forming collaborative partnerships with the goal of innovation, product improvement, or ease of use.

CPCU or other industry designations a plus.

Some travel may be required (up to 15%)

Multiple Opportunities

Commercial Auto (1 opening)

Personal Auto (1 opening)

General Liability (2 openings)

Multiline Commercial/Personal (1 opening)

Bottom line requirements we need notes on with candidate submittal:

1. Bachelor's degree or equivalent experience.

2. 4+years of Property and Casualty Insurance product development experience.  

3. Experience in the development or analysis of policy forms required.

4. Proven research and analytical skills. 

5. CPCU or other industry designations a plus.


Additional Information

All your information will be kept confidential according to EEO guidelines.

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