Insurance Product Manager - Business Auto

Who we are:

Nirvana is on a mission to modernize commercial insurance and enable a safer world. Our technology platform delivers modern insurance & risk management to not only help our customers protect their businesses, but actually improve safety for everyone.

To start, we’re transforming the legacy, $1T+ commercial insurance industry through cutting-edge predictive models using real-time IoT data (~50B connected devices by 2030), automation to deliver instantaneous quotes & faster underwriting, & proactive, and data-driven insights to help customers prevent accidents.

Backed by top-tier VCs including General Catalyst & Lightspeed Ventures, Nirvana became the fastest insurtech EVER to launch in Jan 2022 and crossed >$10M run rate in under 6 months, more than 2x faster than best-in-class insurtechs. Our leadership team has helped scale multi-billion dollar companies from scratch including Samsara, Rubrik, Acko & Flexport, and includes industry veterans from Hiscox, AIG, Liberty Mutual, American Family, The Hartford & RLI.

About the role:

We’re looking for an experienced Insurance Product Manager who is excited to leverage their skills and talents to help our Insurance Product team grow modern commercial insurance products from the ground up.

This role will have the unique opportunity to build a Commercial Auto product focused on business auto fleets from the ground up. You will collaborate with a close-knit team to turn data analysis into actionable recommendations that can drive real-world impact. This role offers an opportunity to be a key contributor to the success of our organization while expanding your insurance expertise. 

What you’ll do:

• Formulate and execute a comprehensive Business Auto product strategy & roadmap to take advantage of industry trends, competitor positioning, and company competencies

• Lead the end-to-end development process for identifying, evaluating, developing, and launching a new Business Auto product offering from concept to launch. This will include forms, pricing, and underwriting

• Spearhead high-impact projects that drive business growth and improve operational efficiency while achieving target profitability

• Collaborate with various internal and external stakeholders to gain alignment and support for new product offerings and features

• Leverage programming skills to conduct data analysis and create a new pricing plan in our rating engine system

• Work with Departments of Insurance to gain approval for new product offerings and new state expansion

• Monitor effectiveness and profitability of current products and recommend changes and/or enhancements to leadership

• Mentor, formally, and informally, by becoming a subject matter expert for analysts across product management and provide basic analytical coaching to less experienced analysts

• Conduct ad-hoc analysis and reporting, as needed

About you:

• 5+ years of experience at a Commercial Property & Casualty insurance carrier within the Product Management, Product Development, State Management, Underwriting, Pricing, or related functions.

• Commercial Auto experience in Business Auto segment required

• Strong understanding of the key components of an insurance product (e.g. rate, rules, forms, underwriting) and how they complement each other

• Four (4) year completed degree in a related field or equivalent work experience

• Experience with SQL, SAS, Python, R, or other programming languages required

• Experience with RateFilings.com, SNL, and/or SERFF to understand rate/rule/forms product filings

• CPCU or equivalent insurance designation preferred

• Must have good planning, organization, analytical, decision-making and communication skills

• Knowledge of insurance concepts and financial metrics as well as how state regulations impact the business

• Ability to work independently and also thrive in a team environment that is constantly changing

Benefits:

• Competitive salary & equity

• Medical, dental & vision insurance

• 401k with company match

• Unlimited PTO

• Work from home friendly

• #LI-Remote