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Insurance Product Development Jobs in Chicago, IL

Product Development Engineer

Hobart, IN

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

The company is currently seeking an experienced Product Development Engineer . We are currently ... and dental insurance, paid vacation time, paid sick time, and paid holidays, 401K, Flexible ...

Director, Marketing and Product Development

Chicago, IL · On-site

  • Medical

  • Dental

  • Life

  • Retirement

We are proud of our tradition of success in the insurance industry of over 100 years. Come join our ... Job Summary Director of Marketing and Product Development will lead strategy, development, and ...

Product Development Engineer II

Hobart, IN

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

The company is currently seeking an experienced Product Development Engineer . We are currently ... and dental insurance, paid vacation time, paid sick time, and paid holidays, 401K, Flexible ...

Product Development Engineer II

Hobart, IN

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

The company is currently seeking an experienced Product Development Engineer . We are currently ... and dental insurance, paid vacation time, paid sick time, and paid holidays, 401K, Flexible ...

Director, Product Development and Innovation

Chicago, IL · On-site

$100K - $120K/yr

  • Medical

  • Dental

  • Life

  • Retirement

We are proud of our tradition of success in the insurance industry of over 100 years. Come join our team of hard-working, talented professionals! Job Summary Director of Product Development and ...

Showing results 21-40

Insurance Product Development information

See Chicago, IL salary details

$43.8K

$130.8K

$148.9K

How much do insurance product development jobs pay per year?

As of Aug 14, 2026, the average yearly pay for insurance product development in Chicago, IL is $130,816.00, according to ZipRecruiter salary data. Most workers in this role earn between $118,000.00 and $147,300.00 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?

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 the most commonly searched types of Insurance Product Development jobs in Chicago, IL?

The most popular types of Insurance Product Development jobs in Chicago, IL are:

What are popular job titles related to Insurance Product Development jobs in Chicago, IL?

For Insurance Product Development jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Insurance Product Development jobs in Chicago, IL look for?

The top searched job categories for Insurance Product Development jobs in Chicago, IL are:

Infographic showing various Insurance Product Development job openings in Chicago, IL 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 $130,816 per year, or $62.9 per hour.

Product Development Engineer

Daifuku

Hobart, IN

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 26 days ago


Daifuku rating

7.4

Company rating: 7.4 out of 10

Based on 33 frontline employees who took The Breakroom Quiz

286th of 489 rated machine equipment manufacturers


Job description

Overview

Daifuku Airport America Corporation is a subsidiary of Daifuku North America a group company of Daifuku in Japan - the largest material handling company in the world. Our advanced systems move everything from car bodies at auto plants to luggage at airports to packaged goods at warehouses. We are known as experts in engineering, manufacturing, and servicing innovative automated materials handling systems including conveyors, automatic guided vehicles, automated storage & retrieval systems, and integrated controls.

The company is currently seeking an experienced Product Development Engineer.

We are currently seeking an innovative Product Development Engineer to work with our talented team of engineers and designers. In this role, you will help design new products, assisting with proof-of-concept and prototype testing. You will also review existing designs, supporting the enhancement or revision of our current products. Applicants must have a bachelor's or master's degree in mechanical engineering as well as experience with 3D design software, such as Inventor and other tools in the AutoDesk suite. You will use these skills to create technical drawings that aid in the design and production process.

Responsibilities

Major Areas of Responsibility

  • Conceives, designs, develops, engineers, prototypes, tests, and revises mid-sized and large-scale, moderately complex, new fabricated products for conveyor systems and applications 
  • Performs engineering calculations to ensure a robust design, including horsepower, stress, torque, deflection, torsion, overhung load, sortation rate, cycle rate, air consumption, and amperage draw 
  • Works with other teams to troubleshoot and resolve development and design issues 
  • Ensures that new products are safe, reliable, and easy to maintain 
  • Selects appropriate and cost-effective purchased products 
  • Analyzes data to identify trends in usage, cost, performance, and reliability 
  • Develops and executes test plans for concepts and prototypes to establish operational parameters 
  • Uses modeling and simulation tools to prove or disprove designs 
  • Partners with the Design team, Manufacturing, Quality Control, Purchasing and Administration 
  • Mentors less-senior team members 
  • Travels up to 20%  

Skills & Abilities

  • Experience in the design and development of conveyor-related products:
    • Conveyor equipment individually and on a system level
    • Competitor's products 
    • Power transmission and automation components 
    • Plastics, metals, alloys, and chemistry 
    • Manufacturing considerations 
    • Design cost, budgets, and expenditures 
  • Proficient with AutoCAD, Solidworks, Solidworks Enterprise PDM, Microsoft Office and simulation modules 
  • Ability to use Excel to sort large data tables and create calculation tables 
  • Ability to use PowerPoint to create visual explanations and presentations 
  • Ability to handle multiple projects and adapt to changing priorities in a fast-paced results-oriented environment 
  • Organizational skills to meet project plans and deadlines 
  • Excellent written and verbal communication and interpersonal skills 
  • Strategic and creative thinking and problem-solving skills 
  • Team-oriented and collaborative 
  • Ability to learn new skills and technologies
Qualifications

Education & Experience

  • Bachelor's degree in mechanical engineering or a related field
  • Master's degree a plus
  • Minimum 7 years of experience in the material handling industry 
  • Experience in conveyor systems with carton handling or pallet handling 
  • Experience with Motor Drive Roller (MDR), Sortation Technologies, installation, project management, electrical, or Solidworks Enterprise PDM administration 

Demonstrated Physical Abilities

Remain stationary for 50% of the time; move/traverse throughout the office to access file cabinets and office equipment; operate a computer and other productivity machinery; inspect documents; communicate with others through talking/hearing; read/identify/assess forms and correspondence. 

Daifuku Airport America Corporation is an Affirmative Action/Equal Opportunity Employer/Veterans/Disabled, and federal sub/contractor. All qualified applicants will receive consideration for employment without regard to their race, color, religion, ancestry, national origin, sex, sexual orientation, gender identity, age, disability, protected veteran status, marital status or medical condition. If you'd like to view a copy of the company's affirmative action plan or policy statement, please call 248-553-1000.

Daifuku Airport America Corporation offers an excellent compensation package including great benefits such as excellent medical, vision, and dental insurance, paid vacation time, paid sick time, and paid holidays, 401K, Flexible Spending Programs, and more.

At this time our company only receives applications online. If you need assistance applying online to this position, please call 248-553-1000 and leave a message and your call will be returned.

Employment Type: OTHER

What Daifuku employees say

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Benefits

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