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$51.5K

$159.4K

$197K

How much do product manager underwriting jobs pay per year?

As of Aug 7, 2026, the average yearly pay for product manager underwriting 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 a product manager underwriting collaborate with underwriting, engineering, and sales teams to develop new insurance products?

As a Product Manager in Underwriting, you will frequently work cross-functionally with underwriting experts to define risk criteria, engineering teams to build digital tools, and sales teams to understand market needs. This collaboration ensures that new insurance products are both technically feasible and aligned with customer demands. Regular meetings, joint workshops, and shared project management tools are common practices to keep everyone aligned. Effective communication and the ability to balance differing priorities are key to success in this role.

What skills and qualifications are needed to thrive as a product manager underwriting?

To thrive as a Product Manager Underwriting, you need expertise in insurance underwriting principles, product development, and strong analytical skills, often supported by a degree in business, finance, or a related field. Familiarity with underwriting software, data analytics platforms, and project management tools, as well as certifications like CPCU, are highly beneficial. Exceptional communication, stakeholder management, and problem-solving abilities set outstanding candidates apart. These skills ensure effective product strategy, risk assessment, and collaboration across technical and business teams to drive profitable underwriting solutions.

What does a product manager underwriting do?

A Product Manager in Underwriting is responsible for overseeing the development, enhancement, and management of underwriting products, processes, or platforms within an insurance or financial services company. They collaborate closely with underwriting teams, technology, and business stakeholders to identify market needs, improve risk assessment tools, and ensure regulatory compliance. Their role may include analyzing industry trends, prioritizing product features, and managing the product lifecycle to optimize business outcomes and customer experience.

Is product manager underwriting a stressful job?

Product Manager Underwriting roles can be demanding due to the need to balance risk assessment, stakeholder communication, and project deadlines. The job often requires strong analytical skills, attention to detail, and the ability to manage multiple priorities, which can contribute to stress levels, especially during high-pressure periods or tight schedules.
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Product Manager Underwriting jobs near you
Infographic showing various Product Manager Underwriting job openings in the United States as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 85% Physical, 2% Hybrid, and 13% Remote job distribution, with an average salary of $159,405 per year, or $76.6 per hour.

Manager, Select Underwriting - Model and Triage, Renewal

The Travelers Indemnity Company

Hartford, CT • On-site

$109K - $180K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 23 days ago

Job description

Who Are We?
Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Job Category
Underwriting
Compensation Overview
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of 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. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.
Salary Range
$109,300.00 - $180,200.00
Target Openings
1
What Is the Opportunity?
Underwriting Strategic Solutions & Capabilities provides consultation to Business Insurance partners through the creation and refinement of targeted and impactful underwriting and product solutions. As a Manager, Underwriting Strategic Solutions, you will leverage your growing industry expertise to identify and support improvements to the execution of underwriting and product strategy. In doing so, you will influence and contribute to cross-functional project teams across Business Insurance dedicated to designing and strengthening business capabilities. This role focuses on the execution and continuous improvement of renewal triage capabilities, applying portfolio management and process design expertise to advance Select's triage discipline and optimize underwriting model outcomes.What Will You Do?
  • Identify and support the development of underwriting and product strategies and solutions to improve existing processes and develop new capabilities to optimize business performance.
  • Contribute to the implementation and enhancement of underwriting-centric capabilities in support of customer growth, retention, profitability, and underwriting excellence. Manage such initiatives through collaborative partnerships with Underwriting and other functional groups (i.e., Product Management, Actuarial, Operations, Risk Control, Claim, etc.).
  • Serve as a subject matter expert for the Business Capabilities Office, Technology, and other functional partners in the development and implementation of capabilities, enhancements, and defect management.
  • Translate underwriting strategy into effective triage processes and portfolio execution - with primary focus on renewal - through process design and improvement, portfolio-level performance monitoring, and alignment with desk-level underwriting practices, in close partnership with underwriting and operational teams.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Bachelor's degree.
  • Six or more years of experience in commercial underwriting and product within the property and casualty industry.
  • Ability to influence and collaborate with internal and external stakeholders in the pursuit of business objectives.
  • Strong communication, organization, and time management skills.
  • Proficiency in Microsoft Excel, Word, PowerPoint, and Teams.

What is a Must Have?
  • Four years of experience in underwriting, product, or a closely related field within the financial services industry.

What Is in It for You?
  • Health Insurance: Employees and their eligible family members - including spouses, domestic partners, and children - are eligible for coverage from the first day of employment.
  • Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
  • Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

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