Product Development Specialist - Regulatory

About the role

The Company Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face.

Responsibilities

• Create and maintain speed to market guidance in regulatory compliance and drive filing strategy for proprietary P&C and Specialty Products.
• Draft all regulatory notices and change endorsements, and state-specific endorsements to comply with regulatory requirements in connection with form filings.
• Primary contact for Product Development for all regulatory inquiries relating to filings, and application of regulatory issues on surplus lines business.
• Regularly review regulatory and bureau (ISO, NCCI and AAIS) changes and insurance department actions to determine applicability to the Company’s products.
• Research emerging issues related to our products and operations and make recommendations to management and updates, where needed.
• Continue development of depth of knowledge of specific product lines and regulatory developments, including coverage innovations.
• Provide ad hoc drafting support to Product Development team on P&C and Specialty products, as needed.

Qualifications

• Bachelor’s Degree required, Juris Doctor Degree or CPCU a plus
• 6-10 years product and/or insurance regulatory experience
• Extensive knowledge of product development and form/rate filings processes for P&C and Specialty Products based on relevant insurance experience in product development in Standard, Specialty, Primary and Excess lines of business including sophisticated underwriting applications and techniques
• Experience with bureau (ISO, NCCI and AAIS) and insurance regulatory web resources
• Proven ability to develop and foster relationships with key external and internal stakeholders
• Superior interpersonal, presentation, oral and written communication skills
• Excellent research, detail orientation, creative problem solving and project management skills
• Proficiency in enhancing existing processes and feedback loops