What are the responsibilities and job description for the Insurance Product Development Manager position at Honeycomb Insurance?
Who We Are
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Honeycomb Insurance is an award winning InsureTech startup, founded by serial entrepreneurs and industry veterans and backed by top investors. Honeycomb has established itself as the driving force behind the future of real-estate insurance and provides simple, fair, and affordable insurance through its end-to-end digital platform. Honeycomb leverages user-generated proprietary data, advanced Artificial Intelligence and Computer Vision to automate a currently manual, inaccurate and costly underwriting process
In contrast with the traditional insurance industry, which relies primarily on costly manual labor, Honeycomb already automated 60% of its underwriting processes achieving significantly better customer experience, consistency, and scalability and at the same time, delivering extremely low and highly consistent loss ratios. Honeycomb is expected to cross well over $100M in annual sales in 2024 while maintaining its strong and highly sustainable growth.
What You’ll Do
We are seeking a dynamic and strategic Insurance Product Manager to lead the development and management of our insurance products. The ideal candidate will have a strong background in insurance product development, market analysis, and cross-functional collaboration. This role will be instrumental in driving product strategy, ensuring compliance, and enhancing customer satisfaction.
As Insurance Product Development Manager - you will act as a key member of the department by providing expertise in the areas of insurance product planning and development, filings, and compliance of new products and the implementation of changes to our existing products, in the property and general liability lines of business across all of our states.
- Lead the research, development, and ongoing maintenance of coverage forms and endorsements to support both new and existing insurance products.
- Oversee the complete filing lifecycle, including drafting, developing, finalizing, and submitting product forms, rates, and rules to regulatory bodies.
- Monitor industry trends and recommend adjustments to products, coverages, policies, rates, and forms to ensure alignment with market demands and regulatory changes.
- Design and document detailed user specifications to provide technical guidance for the development of new products.
- Prepare and submit formal filings to state insurance departments for approval of new or revised product forms, ensuring compliance with regulatory requirements.
- Develop and deliver underwriting guidance, training programs, and process updates to support profitable product execution.
- Review technical specifications, quality assurance procedures, and related documentation (e.g., manuals, rates, forms) to ensure accuracy and alignment with product goals.
- Provide strategic recommendations to senior management and lead the execution of product strategies to meet organizational objectives.
- Manage compliance projects with a comprehensive understanding of state laws and regulations, ensuring that operations adhere to all statutory requirements and implementing necessary changes.
- Demonstrate the ability to work independently while collaborating effectively within cross-functional teams.
Basic Requirements
Benefits & Compensation :
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Salary : $100
