Deputy Product Development - Environmental Liability

About the role

The North American Liability team offers a wide range of liability insurance solutions, serving a diverse client list including manufacturers, hotels, retail, business services, and technology companies. The Deputy Product Development - Environmental Liability will support the Product Development strategy, driving innovation and execution of new product offerings and customized wordings.

Responsibilities

• Support the Product Development strategy for North American Liability
• Develop, implement, and modify products (LoB specific or cross-line)
• 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
• 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)
• 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

Skills

• 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

Benefits

External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

Pay

The annualized base pay range for this role is $150,000 – $220,000.

Schedule

The role is full-time.