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Insurance Product information

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$51.5K

$159.4K

$197K

How much do insurance product jobs pay per year?

As of Jul 6, 2026, the average yearly pay for insurance product 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 as an Insurance Product Manager, and why are they important?

To thrive as an Insurance Product Manager, you need a strong background in insurance principles, product development, and market analysis, often supported by a degree in business, finance, or a related field. Familiarity with actuarial software, data analytics tools, and regulatory compliance systems is typically required. Excellent communication, strategic thinking, and problem-solving abilities help you collaborate with cross-functional teams and address client needs. These skills ensure the successful design, launch, and management of competitive insurance products in a dynamic market.

What are insurance products?

Insurance products are financial agreements offered by insurance companies that provide protection against specific risks, such as health issues, accidents, property damage, or life events. These products include policies like health insurance, life insurance, auto insurance, and home insurance, each designed to cover different types of risks. By paying regular premiums, policyholders receive financial support or compensation if a covered event occurs. Insurance products help individuals and businesses manage risk and reduce the financial impact of unexpected losses.

What are some common challenges faced when developing new insurance products, and how can team members effectively address them?

Developing new insurance products often involves navigating complex regulatory requirements, accurately assessing market needs, and coordinating with cross-functional teams such as underwriting, actuarial, and compliance. Team members may encounter challenges such as balancing innovation with risk management, adapting to shifting customer expectations, and ensuring products remain competitive and compliant. Effective communication, ongoing industry research, and collaboration with stakeholders are essential for overcoming these obstacles and successfully launching new offerings.

What is the difference between Insurance Product vs Insurance Agent?

AspectInsurance ProductInsurance Agent
CredentialsNone required, but product knowledge is essentialLicensing and certification required
Work EnvironmentDeveloping, designing, and managing insurance policiesSelling policies and advising clients
Industry UsageProduct development teams, underwriters, actuariesSales and customer service roles in insurance companies
Search IntentUnderstanding insurance options and policy featuresFinding insurance agents or brokers

Insurance Product professionals focus on creating and managing insurance policies, while Insurance Agents sell these policies directly to clients. Both roles are integral to the insurance industry but serve different functions in the policy lifecycle.

More about Insurance Product jobs
What cities are hiring for Insurance Product jobs? Cities with the most Insurance Product job openings:
What are the most commonly searched types of Insurance Product jobs? The most popular types of Insurance Product jobs are:
What states have the most Insurance Product jobs? States with the most job openings for Insurance Product jobs include:
What job categories do people searching Insurance Product jobs look for? The top searched job categories for Insurance Product jobs are:
Insurance Product jobs near you
Infographic showing various Insurance Product 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

New York, NY • On-site

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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