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Insurance Product Management Jobs (NOW HIRING)

Humana, Inc.

Lead Insurance Product Manager

... product management, benefit design, bid development, or related healthcare product functions ... Through our Humana insurance services and our CenterWell healthcare services, we make it easier for ...

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Insurance Product Analyst

Overland Park, KS · On-site

This is not a technical product analyst/manager/owner role. Direct, related experience in insurance product development is required for this role. We're looking for an Insurance Product Analyst who ...

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Insurance Product Analyst

Overland Park, KS · On-site

This is not a technical product analyst/manager/owner role. Direct, related experience in insurance product development is required for this role. We're looking for an Insurance Product Analyst who ...

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All JobsInsurance Product Management Jobs

Insurance Product Management information

See salary details

$51.5K

$159.4K

$197K

How much do insurance product management jobs pay per year?

As of Jun 20, 2026, the average yearly pay for insurance product management in the United States is $159,405.00, according to ZipRecruiter salary data. Most workers in this role earn between $141,000.00 and $197,000.00 per year, depending on experience, location, and employer.

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 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.
More about Insurance Product Management jobs
What cities are hiring for Insurance Product Management jobs? Cities with the most Insurance Product Management job openings:
What states have the most Insurance Product Management jobs? States with the most job openings for Insurance Product Management jobs include:
What job categories do people searching Insurance Product Management jobs look for? The top searched job categories for Insurance Product Management jobs are:
Insurance Product Management jobs near you
Infographic showing various Insurance Product Management job openings in the United States as of June 2026, with employment types broken down into 2% As Needed, 58% Full Time, 25% Part Time, 2% Temporary, and 13% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $159,405 per year, or $76.6 per hour.

Insurance Product Owner

Prophecy Technologies

Frederick, MD • On-site

Full-time

Posted 10 days ago

Job description

Role Overview:
The Product Owner at Banner Life is responsible for defining, prioritizing, and delivering high-value product capabilities across insurance, finance, and digital platforms.
Key Responsibilities:
  • Own and manage the product backlog, ensuring alignment with business priorities
  • Define user stories, acceptance criteria, and functional requirements
  • Prioritize features based on business value, regulatory requirements, and customer impact
  • Drive end-to-end delivery across Agile/Scrum or SAFe frameworks

Required Skills:
  • Bachelor's degree in Business, IT, Finance, or related field
  • 7-12+ years of experience in Product Ownership / Product Management
  • Strong experience in Insurance domain (Life Insurance preferred)

Preferred Skills:
  • Knowledge of Insurance regulatory frameworks
  • Certifications: Certified Scrum Product Owner (CSPO / PSPO), SAFe Product Owner, PMP (optional)

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