Insurance Product Development & Coverage Analysis Manager - Medmarc
About the role
ProAssurance is a specialty insurer specializing in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. This position supports Medmarc, our life sciences products liability line of business, and can be fully remote in the contiguous United States.
Responsibilities
Oversee the development of new insurance products, including by drafting coverage language and providing creative coverage solutions to meet the unique needs of the niche industry that Medmarc serves.
Develops a strategic vision for Medmarc's coverage offering, including by advising on coverage needs in the marketplace and strategies for growing new product lines profitably.
Manages the planning, development, drafting, implementation, and introduction of new and revised insurance products, including by leading the efforts of in-house subject matter experts and outside counsel.
Develops policy language for new and revised product offerings.
Advises on alternative coverage solutions in the context of the current legal and competitive environments.
Sets up and manages coverage consultations with internal and external audiences.
Prepares communications to leadership regarding form development and management.
Collaborates with business units outside of Medmarc and within the greater ProAssurance Company that are working on new product initiatives.
Requirements
A bachelor’s degree is required with a strong preference for candidates with a juris doctor (JD).
Minimum of five years of experience in a casualty insurance environment, including insurance defense or coverage consultation work at a law firm.
CPCU, AIC, or ARM is highly desired.
Experience analyzing, interpreting, and developing coverage language.
Proven self-starter with strong relationship management skills and the ability to create productive relationships with insurance producers and agencies.
Able to create, build, and develop superior relationships with internal colleagues in different departments within the business unit and ProAssurance.
Superior analytical, negotiation, marketing, and sales skills.
Excellent listening, speaking, writing, and presentation skills.
Mets work deadlines and has excellent desk-management skills.
Proficient in Microsoft Office Suite.
Up to 10% travel.
Qualifications
Strong analytical and problem-solving skills.
Ability to communicate effectively both verbally and in writing.
Knowledge of insurance regulations and compliance requirements.
Experience with regulatory filings and document preparation.
Skills
Insurance contract drafting and negotiation.
Policy language analysis and interpretation.
Market research and competitive analysis.
Customer service and relationship management.
Project management and team collaboration.
Benefits
We offer a comprehensive benefits package including health, dental, and vision insurance, retirement plans, paid time off, and more. We are committed to fostering a diverse and inclusive workplace where everyone can thrive.
Pay
The salary range for this position is $115,870.00 - $191,204.00. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location, and comparison to other team members already in this role.
Schedule
This position is fully remote in the contiguous United States.