Deputy Product Development - Environmental Liability

About the role

The North American Liability team offers a wide range of liability insurance solutions, including Primary and Umbrella and Excess coverages, serving diverse clients such as manufacturers, hotels, retail, business services, and technology companies.

Responsibilities

• Support the efforts and execution of the Product Development strategy for North American Liability.
• Support the efforts to strategically drive the innovation and execution of refreshed or new product offerings as well as customized wording for specific accounts.
• Work collaboratively with Underwriting, Claims, and Legal teams to create and define a market-leading presence for product innovation in the Liability sector.
• Primarily support the Environmental Impairment Liability team, assisting with primary, umbrella, excess, and international products.
• Develop, implement, and modify products (LOB specific or cross-line) and standard wordings.
• Coordinate Liability product-specific organizational matters with PCs, Regions, etc.
• Ensure global knowledge sharing with regard to special products/enhancements and specific underwriting knowledge for Liability Products.
• Develop and define North American Product Strategy in accordance with the underwriting strategy as defined by the Regional Liability Head and as supported by the Global Liability Head.
• Represent CUO Liability internally and externally to customers, brokers, the industry, and other organizations.
• Drive involvement of functional areas (e.g., other LOB teams, Claims, Legal and Distribution).
• Actively support Liability-specific projects and task forces.
• Provide support for special products.
• Identify litigation trends, coverage trends, and market developments including market potentials and clients.
• Monitor new (legal) developments, coordinate and steer regional/country issues (e.g., liability and insurance law development).
• Make suggestions for Underwriting authorities for special products to Head of Liability and sub-Lob heads.
• Enhance and refine underwriting of products during the introduction period (including claims monitoring, sales support and portfolio monitoring).

Requirements

Significant experience in drafting policy wording for environmental products; Demonstrable product development track record; Comprehensive technical knowledge of environmental products and coverages; Ability to assess risk inherent exposures and hazards relevant to Liability; Ability to analyze highly complex contracts and underwriting principles, identifying and resolving issues before they transpire; Ability to develop framework from product genesis to completion while communicating with key stakeholders; Ability to develop and meet Key Performance Indicators for Product Development in connection with portfolio; Excellent verbal and writing communications skills with an ability to build and foster relationships internally across the organization; Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

Qualifications

• Bachelor’s degree required; JD preferred.

Benefits

Annualized base pay range for this role is $150,000 – $220,000. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and 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. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

Pay

$150,000 – $220,000 annually

Schedule

Full-time