Chubb is the worlds largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Chubb Personal Risk Services, PRS, is looking for a Regional Product Manager to own the P for a group of states for all lines of personal risk. The position will report to the Senior Vice President, Product Management.
Coordinate the rate review process for specific jurisdictions
Work with field representatives and Actuarial staff to address outcomes of rate indications by developing pricing and/or underwriting strategies that contribute to growth while maintaining profitability and target market focus
Work with Actuarial staff and Home Office teams in the development of recommendations from multivariate pricing analysis and predictive modeling work
Evaluate market competitiveness. This includes: working with the Analytics team and field representatives to determine pricing competitiveness, having an understanding of market drivers for personal lines of business and evaluating competitive advantages/disadvantages of our products
Create and execute market strategies to improve growth and profit using various analytic reports and data mining to drive recommendations
Oversee implementation of rate changes/pricing strategies ensuring deadlines are met, changes are accurate and appropriate regulatory approval is obtained
Manage the inflow of bulletins and state regulatory changes, taking appropriate action to ensure compliance
Assist in development and implementation of underwriting guidelines for your assigned group of states
Assist the audit team on specific underwriting reviews for your assigned groups of states
Assist branches in yearly strategic planning for your assigned states
Assist Personal Lines Training and Education with instruction around underwriting and rating