Assistant Vice President, Product Innovation

About the Role

As Assistant Vice President, Product Innovation, you’ll play a key role in turning emerging risks, new industries, and market opportunities into scalable insurance products. This is a hands-on, technically focused role for someone who understands insurance products and wordings deeply but also enjoys looking ahead, spotting opportunities, and building something new. You’ll take ownership of complex product development workstreams from initial idea through to launch, working closely with Underwriting, Legal, Compliance, Distribution, and senior leadership across the business.

Responsibilities

• Own key product innovation workstreams from concept through development, launch, and ongoing lifecycle management.
• Translate strategic priorities into tangible insurance products, including policy wordings, endorsements, coverage structures, and product frameworks.
• Identify and assess opportunities within emerging and rapidly evolving sectors, building clear, evidence-based recommendations for senior leadership.
• Research market developments, competitor activity, and sector trends to help ensure Relm remains ahead of the curve.
• Lead the development of products designed for new and emerging industries, from initial sector research through to go-to-market.
• Work closely with Underwriting, Legal, Compliance, and Distribution to ensure products are commercially relevant, technically robust, and regulatory compliant.
• Review and approve product documentation, including policy wordings, product guides, and positioning materials.
• Build relationships with brokers, clients, industry bodies, and businesses operating within target sectors to understand where insurance solutions are needed most.
• Act as a senior subject matter expert across the business on product, wording, and emerging-sector matters.
• Provide day-to-day guidance and support to junior members of the Product Innovation team.
• Contribute to wider Product Innovation and cross-functional initiatives as Relm continues to grow globally.

Requirements

• Around 8 years’ experience within insurance product development, underwriting, wordings, or a closely related specialty insurance discipline.
• Strong technical knowledge of insurance products, policy wordings, coverage structures, and market dynamics.
• Experience independently managing complex product or underwriting workstreams with limited supervision.
• A strong commercial mindset and the ability to assess whether an emerging opportunity can translate into a viable insurance product.
• Experience working collaboratively across Underwriting, Legal, Compliance, Distribution, and other business functions.
• Confidence engaging with brokers, clients, and senior internal stakeholders.
• Experience supporting, coaching, or overseeing junior colleagues.
• Curiosity for emerging industries such as digital assets, fintech, biotech, gambling, and other rapidly developing sectors.
• Strong written and verbal communication skills, with the ability to turn complex concepts into clear recommendations.

Qualifications

Professional qualifications such as ACII or CPCU are desirable but not essential.

Pay

The annual salary for this role is structured within a range of USD $160,000 to USD $180,000, depending on experience and qualifications.

Benefits

• Paid Public Holidays: Enjoy ten (10) paid public holidays each year.
• Generous Paid Time Off (PTO): 28 days of PTO annually for personal matters, vacation, or sick days.
• Full Health Coverage: Medical, dental, vision, life, and disability insurance fully covered.
• 401K Program with Company Match: 5% company match on 401K contributions.
• Professional Development & Mentorship: Access to training, mentorship, and growth opportunities.
• Wellness Stipend: Monthly stipend for health and well-being.
• Commuting & Travel Reimbursement: Reimbursement for transportation costs, including parking.
• Wellness Benefits: Access to gym memberships, exercise classes, and wellness perks.
• Endless Growth Opportunities: Resources to thrive and advance within the company.

About Us

Relm is the only specialty insurer dedicated to supporting the world’s most innovative industries. We work with startups and pioneers in sectors like digital assets, AI, space economy, fintech, and biotech to provide market-leading insurance solutions. Our team operates globally, with offices in London, New York, Dubai, Miami, and Bermuda. At Relm, diversity and inclusion are core values, and we provide genuine support for our team members to do their best work. Join us to be part of a team shaping the future of insurance.