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Insurance Product Management Jobs in Ontario (NOW HIRING)

Safety Insurance is proud to be one of the leading property and casualty insurance providers in ... The Product Analyst is responsible for supporting the development, management, and profitability of ...

As an employer of choice, we offer a wide range of benefits, such as insurance, bonus plan, remote ... Support the management and development of assigned product lines, including Emergency and ...

As a Business Analyst reporting to the Senior Product Manager, you'll play a critical role in ... Comprehensive Health Insurance program * Group Life Assurance * 24/7 mental health support for you ...

... funds, insurance companies, pension plans, and other institutional investors. Our clients use ... We are seeking a "Director of Product Management" to own and drive the Portfolio Monitoring product ...

Senior Product Manager

Toronto, ON · Hybrid

CA$185K - CA$220K/yr

Insurance claims run on large volumes of messy, unstructured documents, and the decisions made from ... You'll likely be a fit if you have: * 5+ years in product management at growth-stage startups

New

This role is eligible for health insurance, equity awards, life insurance, disability benefits ... Excellent communication and stakeholder / executive management skills * Ability to improvise when ...

Senior Product Manager

Toronto, ON · Hybrid

CA$110K - CA$140K/yr

Life Sciences & RWD product management is a collaborative and cross disciplinary team that executes ... drug, life insurance, 401k with match, long term disability coverage, vacation, sick time ...

Senior Product Manager

Toronto, ON · Hybrid

CA$110K - CA$140K/yr

Life Sciences & RWD product management is a collaborative and cross disciplinary team that executes ... drug, life insurance, 401k with match, long term disability coverage, vacation, sick time ...

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Showing results 1-20

Insurance Product Management information

See Ontario salary details

$24.5K

$103.5K

$200.5K

How much do insurance product management jobs pay per year?

As of Sep 4, 2026, the average yearly pay for insurance product management in Ontario is $103,506.00, according to ZipRecruiter salary data. Most workers in this role earn between $55,000.00 and $144,500.00 per year, depending on experience, location, and employer.

What is insurance product management?

Insurance product management is the process of developing, launching, and overseeing insurance products such as policies and coverage plans. Product managers in this field analyze market trends, assess customer needs, and collaborate with underwriting, actuarial, and marketing teams to create competitive insurance offerings. They are responsible for the entire lifecycle of an insurance product, ensuring it remains profitable and compliant with industry regulations. Their work helps insurance companies adapt to changing markets and deliver value to their clients.

How does an insurance product manager typically collaborate with underwriting, sales, and actuarial teams?

Insurance Product Managers work closely with underwriting teams to ensure products align with risk appetite and compliance requirements, while collaborating with actuarial teams to analyze data and set competitive pricing strategies. They also partner with sales and marketing to support product launches and gather feedback to refine offerings. Regular cross-functional meetings and project teams are common, as effective communication among these departments is essential for developing successful insurance products. This collaborative environment not only enhances product quality but also helps build a comprehensive understanding of the entire product lifecycle.

What are the key skills and qualifications needed to thrive as an insurance product manager, and why are they important?

To thrive as an Insurance Product Manager, you need a strong background in risk analysis, product development, and market research, often supported by a degree in business, finance, or actuarial science. Familiarity with insurance policy management systems, data analytics tools, and regulatory compliance software is typically required. Strategic thinking, effective communication, and cross-functional collaboration are crucial soft skills that distinguish top performers in this role. These abilities ensure the creation of competitive insurance products that meet market needs while adhering to regulatory standards and driving business growth.

What is the difference between Insurance Product Management vs Insurance Underwriting?

AspectInsurance Product ManagementInsurance Underwriting
Primary FocusDeveloping, designing, and managing insurance productsAssessing and evaluating risks to approve or reject insurance applications
Required SkillsMarket analysis, product development, communicationRisk assessment, decision-making, attention to detail
Work EnvironmentCollaborative teams, product development departmentsUnderwriting departments, risk assessment teams
CertificationsTypically none required, but industry knowledge beneficialChartered Property Casualty Underwriter (CPCU), FCAS

Insurance Product Management focuses on creating and managing insurance offerings, while Insurance Underwriting involves evaluating individual risks to determine policy approval. Both roles are essential in the insurance industry but differ in their core responsibilities and skill sets.

What are popular job titles related to Insurance Product Management jobs in Ontario?

For Insurance Product Management jobs in Ontario, the most frequently searched job titles are:

What job categories do people searching Insurance Product Management jobs in Ontario look for?

The top searched job categories for Insurance Product Management jobs in Ontario are:

Infographic showing various Insurance Product Management job openings in Ontario as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 21% Part Time, and 6% Contract. Highlights an 85% Physical, 1% Hybrid, and 14% Remote job distribution, with an average salary of $103,506 per year, or $49.8 per hour.

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 15 days ago


Safety Insurance rating

7.8

Company rating: 7.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

197th of 315 rated insurance


Job description

Safety Insurance is proud to be one of the leading property and casualty insurance providers in Massachusetts. We are committed to supporting independent agents and their customers through our unwavering dedication to excellence.  Our success is built on a simple philosophy: deliver the highest quality insurance products at competitive rates while providing exceptional service at every step. 

At Safety Insurance, we don’t just offer jobs – we offer careers that are challenging, fulfilling, and designed to grow with you.

Our people are our greatest asset. A diverse workforce makes us stronger, more innovative, and better equipped to serve our customers. At Safety, we empower our employees to be their best by fostering an inclusive environment and offering resources that support their careers, education, and families. We also understand the importance of work-life balance. That’s why we offer hybrid work options, flexible schedules, and a 37.5-hour workweek.  Conveniently located in the heart of Boston’s financial district, our downtown office is a positive space where employees can stay connected to both each other and the pulse of the city.

Safety’s benefits go beyond the basics. In addition to competitive salaries, our comprehensive benefits package includes:

  • Medical, vision, and dental insurance

  • 3 weeks accrued PTO

  • 100% matching 401(k) retirement plan

  • 100% tuition reimbursement

  • Free on-site fitness center

  • Complimentary coffee and breakfast service

  • …and much more!

The Product Analyst is responsible for supporting the development, management, and profitability of Safety's insurance products. This role will work closely with the MIS, Underwriting, Actuarial, Marketing, and Claims departments t oversee filing projects from the research phase through implementation. The Product Analyst will research and analyze competitive market trends, regulatory requirements, product performance, and agent/customer needs to identify opportunities for product enhancements and profitable growth. This role has the unique opportunity to drive pricing and non-pricing decisions through strategic product initiatives.

Duties:

Competitive & Market Research

  • Conduct research on competitor products, pricing structures, underwriting guidelines, coverage offerings, and market positioning; assess opportunities and potential risks 
  • Monitor industry developments, emerging risks, and market trends and be aware of legislative changes

Regulatory Filings & Compliance

  • Prepare and manage rate, rule and form filings with state insurance departments 
  • Correspond with the insurance departments as necessary, and respond to filing objections

Product Management Collaboration

  • Maintain knowledge of products offered in MA, NH, and ME, and understand the markets in each state 
  • Analyze research and formulate recommendations for both new products and enhancements to existing products
  • Assist with the design, implementation, and maintenance of products, coverages, endorsements, forms and underwriting rules
  • Support testing and implementation of system enhancements related to products changes
  • Track filing project key dates to ensure product and rate changes are implemented on time
  • Track product performance data and translate into actionable insights for product improvement
  • Partner with underwriting and operations teams to identify potential vendor solutions, manage testing and validation of new tools and services, assess potential business benefits, and develop recommendations to support underwriting strategy and performance 

Collaboration

  • Participate in all rate and product filing project meetings, as well as strategy/pricing meetings and present product recommendations to upper management
  • Work closely with the MIS and Actuarial teams to communicate business requirements and implement rate and product filing changes

Qualifications:

Required Qualifications

  • Bachelor's degree in Business, Finance, Economics, Data Analytics, or a related field
  • Advanced proficiency in Microsoft Excel and data analysis techniques
  • 5+ years in the Property & Casualty insurance industry with prior experience in underwriting, claims, product development, or an analytical role 
  • Proficiency in research and analysis 
  • Strong organizations, problem-solving, and analytical abilities
  • Excellent written, verbal, and presentation skills

Preferred Qualifications: 

  • Prior project management experience
  • Experience with data analytics tools, including familiarity with SQL or PowerBI
  • Work closely with the MIS and Actuarial teams to communicate business requirements and implement rate and product filing changes

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