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Insurance Product Manager information

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$51.5K

$159.4K

$197K

How much do insurance product manager jobs pay per year?

As of Jul 6, 2026, the average yearly pay for insurance product manager 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.

What are the key skills and qualifications needed to thrive in the Insurance Product Manager position, and why are they important?

To thrive as an Insurance Product Manager, you need a solid background in insurance products, market analysis, and product lifecycle management, often supported by a degree in business, finance, or a related field. Familiarity with product management software, data analytics tools, and regulatory compliance systems is typically expected, and industry certifications like CPCU or AINS can be advantageous. Excellent communication, stakeholder management, and problem-solving skills distinguish top performers in this role. These capabilities are crucial for successfully developing competitive insurance products, ensuring regulatory compliance, and collaborating across cross-functional teams.

What does an Insurance Product Manager do?

An Insurance Product Manager is responsible for developing, managing, and optimizing insurance products to meet market demands and business goals. They conduct market research, analyze customer needs, collaborate with underwriting and actuarial teams, and ensure compliance with regulations. Additionally, they work with sales and marketing teams to position products effectively and drive growth. Their role requires a blend of analytical, strategic, and communication skills to create competitive insurance offerings.

What are top 3 skills for a product manager?

A product manager, including those in insurance, needs strong communication skills to coordinate teams and stakeholders, analytical abilities to interpret data and market trends, and strategic thinking to develop and prioritize product features. Familiarity with project management tools and an understanding of customer needs are also essential for success in the role.

Do PMs need a MBA?

Insurance Product Managers typically do not require an MBA, but advanced business degrees can enhance leadership skills and industry knowledge. Relevant skills include product development, data analysis, and regulatory understanding, with some employers valuing formal business education. Certification programs or specialized training may also be beneficial for career advancement.

What does a product manager do in insurance?

An insurance product manager oversees the development, strategy, and lifecycle of insurance products. They analyze market trends, collaborate with underwriting and sales teams, and use data analysis tools to ensure products meet customer needs and company goals.

How much do insurance product managers make?

Insurance product managers typically earn a median annual salary between $80,000 and $130,000, depending on experience, location, and company size. Senior roles or those with specialized skills may earn higher compensation, often including bonuses and benefits.

What are the primary responsibilities of an Insurance Product Manager on a typical day?

As an Insurance Product Manager, your day-to-day responsibilities include conducting market research, analyzing competitor offerings, defining product features, and managing the product development process from concept to launch. You often collaborate with underwriting, actuarial, sales, and IT teams to ensure product offerings meet customer needs and comply with relevant regulations. Additionally, you may monitor product performance, adjust pricing strategies, and support marketing initiatives. This role requires balancing strategic planning with hands-on project management to deliver innovative, profitable insurance solutions.

More about Insurance Product Manager jobs
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Insurance Product Manager jobs near you
Infographic showing various Insurance Product Manager job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 72% Full Time, 22% Part Time, and 5% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $159,405 per year, or $76.6 per hour.
Product Manager - Insurance Enablement

Product Manager - Insurance Enablement

Hiscox

Chicago, IL

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted yesterday

Job description

Job Type:

Permanent

Build a brilliant future with Hiscox

Product Manager - Insurance Enablement

Build a Brilliant Future with Corix, a Hiscox Company

The Product Manager - Insurance Enablement role at Corix, a Hiscox Company is responsible for the strategy, development, and execution of product features, enhancements, and integrations that support insurance product development, business growth, and product distribution. This role focuses on improving technology and tooling to make the creation and maintenance of insurance products easier, faster, and more efficient.

Core responsibilities include partnering with Insurance Product Implementation teams to drive enhancements to existing products and enable the launch of new ones, refining underwriting rules and risk assessments, and coordinating with internal and external stakeholders to deliver operationally efficient and scalable solutions.

This position plays a critical role in ensuring the platform supports profitable growth through timely insurance product updates and seamless rollouts with partners. By leading execution and collaboration, the Product Manager accelerates product launches, reduces delivery delays, and empowers distribution channels to offer innovative, competitive coverage solutions to clients.

The Team:

Corix is a start-up within Hiscox that builds innovative insurance technology products and platforms that streamline underwriting and policy servicing, unlock actionable insights, and elevate the digital experience for our brokers and customers. Corix operates as an independent, product-led company while progressively integrating into Hiscox to help transform its business model to be more technology-forward and customer-centric. We leverage agile, outcome-based delivery with cross-functional teams aligned to key business capabilities and shared architectural standards.

As we scale within the Hiscox group, we are focused on modernizing core systems and workflows, expanding our suite of digital insurance products, and continuously adapting to evolving market, regulatory, and technology trends to drive sustainable, profitable growth.

Key Responsibilities:

  • Manage the software development lifecycle of new features, products, and technology to support bringing new insurance products to market.

  • Collaborate with Insurance, Operations, Underwriting teams and external parties to build and manage a roadmap of enhancements that drive profitable growth with distribution partners.

  • Lead change management efforts with internal and external stakeholders to ensure enhancements and new products launch smoothly.

  • Own end-to-end execution and delivery of features and enhancements with dedicated engineering and design teams.

  • Implement new UI, UX, workflows, tooling, processes, and functionality to support bringing new insurance products to market.

  • Manage updates to underwriting rules, risk definitions, rating logic, insurance product definitions, and supporting UX/UI.

  • Coordinate product updates for new lines (e.g., Crime, Excess) and ensure alignment across quoting, submission data, and hazards.

  • Manage updates for quoting workflows, quote letters, binders, and policies.

  • Coordinate with vendors to implement and support insurance product changes.

Qualifications and Skills:

  • 3-7 years of proven experience as a Product Manager in a SaaS company.

  • Strong track record of managing internal and external relationships and leading change management initiatives.

  • Excellent analytical and problem-solving skills; ability to translate business requirements into scalable product solutions.

  • Strong project management skills with experience driving projects through completion.

  • Exceptional communication and collaboration skills, with the ability to work across business, operations, and engineering teams.

  • Highly organized with the ability to manage multiple initiatives and partner demands simultaneously.

  • Nice to have: Familiarity with insurance and/or underwriting systems.

What Hiscox USA offers

  • 401(k) with competitive company matching

  • Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)

  • Company paid group term life, short- term disability and long-term disability coverage

  • 24 Paid time off days plus 2 Hiscox days,10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days

  • Paid parental leave

  • 4-week paid sabbatical after every 5 years of service

  • Financial Adoption Assistance and Medical Travel Reimbursement Programs

  • Annual reimbursement of up to $600 for health club membership or fees associated with any fitness program

  • Company paid subscription to Headspace to support employees' mental health and wellbeing

  • 2024 Gold level recipient of Cigna's Healthy Workforce Designation for having a best-in-class health and wellness program

  • Dynamic, creative and value-driven culture

  • Modern and open office spaces, complimentary beverages

  • Spirit of volunteerism, social responsibility and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation

About Hiscox USA

Hiscox USA was established in 2006 to focus primarily on the needs of small and middle market commercial clients, via both the broker and direct distribution channels and is today the fastest-growing business unit within the Hiscox Group.

Hiscox USA offers a broad portfolio of commercial products, including technology, cyber & data risk, multiple professional liability lines, media, entertainment, management liability, crime, kidnap & ransom, commercial property and terrorism.

You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)

Salary range $135, 000 - $170,000

The actual salary for this position will be determined by several factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

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