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Insurance Product Development Jobs (NOW HIRING)

Jobtailor

Product Development Manager

Westfield Center, OH · On-site

$120 - $180/hr

... insurance product portfolio in a complex regulatory environment. * Works in partnership with ... Leads process optimization and measurable continuous improvement of the product development ...

New

Steadily

Insurance Product Analyst

Overland Park, KS · On-site

Direct, related experience in insurance product development is required for this role. We're looking for an Insurance Product Analyst who is the very best at what they do. They will have ...

Steadily

Insurance Product Manager

Austin, TX · On-site

Direct, related experience in insurance product development is required. Steadily is hiring an Insurance Product Manager to own and drive the growth and profitability of our landlord dwelling ...

Steadily

Insurance Product Manager

Overland Park, KS · On-site

Direct, related experience in insurance product development is required. Steadily is hiring an Insurance Product Manager to own and drive the growth and profitability of our landlord dwelling ...

Steadily

Insurance Product Manager

Overland Park, KS · On-site

Direct, related experience in insurance product development is required. Steadily is hiring an Insurance Product Manager to own and drive the growth and profitability of our landlord dwelling ...

Martin and Company

Product Development Senior Analyst

$72K - $99K/yr

Our insurance services focus on our clients' most important initiatives and opportunities ... The Role As the Insurance Product Development Senior Analystat Martin & Company, you will play a ...

Munich RE

Product Development Business Partner

Chicago, IL · On-site

$118K - $147K/yr

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 ...

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Insurance Product Development information

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How much do insurance product development jobs pay per year?

As of Aug 21, 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?

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 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 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.

Is insurance product development a good career?

Insurance product development is a specialized field involving designing and improving insurance policies, requiring skills in market analysis, actuarial science, and regulatory compliance. It offers opportunities for growth, collaboration with cross-functional teams, and can be a stable career path within the insurance industry.
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Insurance Product Development jobs near you
Infographic showing various Insurance Product Development job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 94% In-person, and 6% Hybrid job distribution, with an average salary of $126,987 per year, or $61.1 per hour.

Vice President - Product Development Leader

Starr Insurance Companies

New York, NY • On-site

Full-time

Re-posted 11 hours ago

Job description

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
The Vice President - Product Development Leader is a senior leadership role responsible for managing and coordinating Starr's development and continuous enhancement of insurance products and their introduction to market across Starr's profit centers and segments. Product opportunities and business priorities will be identified by the profit centers in alignment with Starr's Chief Underwriting Office; this leader will convert those priorities into disciplined, executable product strategies and will provide senior-level coordination among relevant stakeholders and across functional areas, including underwriting, actuarial, claims, legal, compliance, IT, operations, and distribution. The role is accountable for ensuring product development and enhancement initiatives advance effectively through creation, approval, filing, launch, and lifecycle management while supporting product competitiveness, regulatory discipline, operational readiness, and Starr's broader growth objectives.
Key Responsibilities
Product Vision & Development
  • Provide senior leadership for the creation and continuous enhancement of insurance products, endorsements and coverage enhancements based on opportunities, product needs, and strategic priorities identified by the profit centers.
  • Translate profit-center opportunities into clear and actionable product development plans, including business case, scope, stakeholder inputs, required approvals, implementation milestones, and success measures.
  • Lead cross-functional engagement across underwriting, actuarial, claims, legal, compliance, IT, operations, and distribution to drive product initiatives through development, review, filing, launch, and post-launch management.

Pricing Strategy & Underwriting Alignment
  • Partner with actuarial and underwriting leadership to support pricing models, product structures, and risk guidelines that support profitable growth, underwriting discipline, and long-term portfolio performance.
  • Provide strategic oversight of state rate, rule and form filings and related state regulatory approval efforts, ensuring alignment among product, actuarial, legal, compliance, and business stakeholders.

Regulatory & Compliance Leadership
  • Ensure product-line compliance with applicable state regulatory requirements.
  • Serve as a senior business representative in supporting the resolution of regulatory inquiries regarding product coverage.

Product Launch, Distribution & Lifecycle Management
  • Coordinate cross-functional execution of product launches and enhancements, ensuring stakeholders and functions understand their responsibilities, timing, dependencies, deliverables, and facilitate escalation of open issues.
  • Support product education and rollout activities for internal teams and distribution partners to ensure consistent and effective implementation of approved products.
  • Own the enterprise product lifecycle management framework after launch, including coordinating periodic product reviews, performance monitoring, underwriting and claims feedback, and identifying and providing recommendations regarding product enhancement, corrective action, refresh, consolidation, or retirement.
    • Maintain executive visibility into the full product inventory and development pipeline, including product status, ownership, filing posture, launch readiness, dependencies, open issues, and key milestones across profit centers and functional stakeholders.

Innovation & Continuous Improvement
  • Use insights from profit centers, customers, distribution partners, and internal stakeholders to identify strategic product enhancements, operational process improvements, and portfolio opportunities.
  • Champion a culture of continuous improvement, ensuring the product portfolio remains competitive, relevant, profitable, and aligned with evolving market, regulatory, and business needs.

Qualifications
  • Bachelor's degree in Business, Risk Management, Insurance, or related field; advanced degree or professional designation (CPCU, ARM) strongly preferred.
  • 10+ years of progressive experience in commercial insurance product development, underwriting, or product leadership, including recent Director- or VP-level experience within casualty, excess, property, or financial lines.
  • Expert knowledge of insurance product development, policy forms, pricing methodologies, regulatory requirements, and product governance practices.
  • Knowledge and familiarity with systems and tools that support product development, regulatory filings, workflow management, project tracking, reporting, documentation, and product lifecycle management.
  • Demonstrated success in leading the creation, approval, launch, and lifecycle management of profitable commercial insurance products.
  • Extensive experience leading, influencing, and aligning senior cross-functional teams in a matrixed environment.

Key Skills & Competencies
  • Enterprise leadership with strong commercial judgment.
  • Exceptional senior stakeholder engagement, influence, and executive communication skills.
  • Advanced project management and organizational capabilities.
  • Strategic, commercially oriented, and creative problem-solving mindset.
  • Strong executive-level writing, verbal communication, presentation, and decision-framing skills.

Additional Information
  • Executive presence required, with the ability to represent the organization credibly and confidently with senior internal leaders and other external stakeholders.

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $275,000 - $300,000
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

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