P&C Insurance - Product Development Specialist (Hybrid)

About the role

Intact Insurance Specialty Solutions is seeking a Product Development Specialist to join the North American Specialty Underwriting team. The role is based in one of Intact’s offices nationwide on a hybrid schedule, supporting the development and maintenance of commercial lines insurance products and ensuring regulatory compliance.

Responsibilities

• Develops or amends commercial insurance products including forms, rules and rating structures.
• Researches concepts, analyzes data, and develops contract language and rating methodologies.
• Reviews state statutes, regulations and other requirements to ensure products are compliant.
• Assists in drafting responses to state insurance department inquiries on regulatory matters.
• Establishes and conveys product development strategies to business areas.
• Serves as the senior technical expert in the area of product development and regulatory matters pertaining to new or amended products and services.
• Advises leadership of underwriting, marketing, legal, information technology, and actuarial groups of developments.
• Reviews, researches and monitors developments in product development including conducting continual analysis of competitors’ and rate bureaus’ products to develop or amend company products.
• Reviews fliers, newsletters, laws and regulatory/legislative developments and incorporates changes within our products.
• Assembles complex project plans, monitors work efforts on a daily basis, and ensures products are delivered in accordance with established schedule.
• Provides advice to stakeholders of developments.
• Prepares background material for independent filings, for submission to the states, including filing memorandums, side by side comparisons and supporting documentation.
• Amends the products to meet state requirements and prepares responses to states to achieve approval of products.
• Works with the state filing group to plan and coordinate filings to required states.