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Insurance Product Jobs (NOW HIRING)

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Head of Product- CareScout Insurance

New York, NY

$254K - $266K/yr

CareScout Insurance is a division of Genworth Financial, Inc, a Fortune 1000 provider of products, services and solutions that help families address the financial challenges of aging. POSITION TITLE ...

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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.
Senior Life Insurance Product Analyst (Bilingual)

Senior Life Insurance Product Analyst (Bilingual)

Pan-American Life Insurance Group

Remote

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 20 days ago

Job description

Pan-American Life Insurance Group (PALIG) is seeking a Senior Product Development Analyst to support the term life insurance line of business in various markets and companies within the individual life division. This includes supporting all functions related to product development and pricing efforts, analyzing data, creating management reports, assisting in product implementations and testing, and providing product support to various areas in the company. Excellent verbal and written communication skills for producing high-quality documents and presentations. Spanish proficiency (both oral and written) is a requirement.
ESSENTIAL FUNCTIONS:
Market Research & Sales Liaison:
  • Track competitor products, pricing, marketing campaigns, and producer feedback
  • Gather, organize, and analyze product and market information from diverse sources to present findings to management
  • Analyze search trends and keyword performance to understand competitor traffic drivers
  • Vital link between the sales team, actuarial and other internal departments (marketing, operations)
  • Support execution of sales strategies

Product Development & Pricing:
  • Support product development efforts, including designing product features that match market needs and creating product specifications
  • Support product pricing, including analyzing experience to develop pricing/actuarial assumptions and assisting in the calculations of profitability results and completion of pricing memos
  • Compare products and pricing to other products in various markets/companies and present findings
  • Review, calculate, or document all required product rates

Experience Reporting:
  • Query data and provide regularly scheduled and ad-hoc reports as needed
  • Monitor policy activity through reports and provide feedback
  • Research any report irregularities or experience trends
  • Work to improve efficiency of reporting

Product Implementation:
  • Assist in product or product update implementations on administration and illustration systems, surround systems, within materials, or processes
  • Review or develop calculation tools, technical specifications, references, or documentation for system testing
  • Conduct testing and help to resolve calculation issues
  • Review and/or translate policy forms and all supporting documents and responses required for regulatory filings
  • Develop and manage training and product documentation for relevant teams in both English and/or Spanish
  • Conducting product training sessions
  • Support all tasks necessary for product launches or production changes

Product Support:
  • Participate in the special case review process for term policies
  • Provide special illustrations or quotes as requested and approved
  • Provide in force product and policy support to the operations team as requested
  • Support sales, operations, legal, and other company teams by answering questions and solving problems related to products or policies
  • Conduct product training sessions
  • Translate documents or communications, or review translated documents for accuracy

Other Duties as Assigned:
  • Actively participate in projects or tasks as assigned
  • Stay up to date with training and company-assigned tasks
  • Expand overall business and product knowledge via work assignments and review meetings

KEY REQUIREMENTS & SKILLS:
  • 5+ years of related experience in product development or life insurance
  • Bachelor's degree in a quantitative field, such as Actuarial Science, Mathematics, Statistics, Computer Science, Business or Economics. Or an additional 4 years' related experience in lieu of a degree
  • Credit for Actuarial Exams is a plus
  • Excellent oral and written communication skills in both English and Spanish
  • Proficiency in MS Office (Excel, Word, PowerPoint, Access) and SQL
  • Strong multitasking abilities, attention to detail, and problem-solving skills

What We Offer:
  • Competitive compensation package (base salary & bonus)
  • Comprehensive benefits, including medical, dental, 401(k), paid time off, and tuition reimbursement
  • Medical and dental coverage effective the first of the month following 30 days of service
  • Hybrid work opportunities

About Us:
Pan-American Life Insurance Group (PALIG) serves the life, accident, and health insurance needs of individuals and businesses across 49 U.S. states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands through its U.S.-based member companies-Pan-American Life Insurance Company and Pan-American Assurance Company.
At PALIG, our employees are our greatest asset. We value collaboration, trust, and the confidence of our policyholders. Our long-standing commitment to excellence continues to drive our success.
Pan-American Life is an Equal Opportunity Employer and a Drug-Free Workplace.

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