Director, Business Insurance Product
The Travelers Indemnity Company
Toronto, ON, CA
14h ago

Job Summary

Supports the strategic and operations functions for Business Insurance. Supports the overall profitability, growth and retention of the product line or industry and consistency of all related underwriting initiatives.

This job is a Supervisor : First level of management with formal direct reports. Responsible for managing the day-to-day activities of direct reports.

This level is typically involved performance management and compensation decisions for employees, but does so with direct supervision of more senior level manager.

This job works under General Direction : Establishes procedures for attaining specific goals and objectives in a broad area of work.

Generally final results are reviewed. (Typically applies to a manager or expert / top level professional.)

Primary Job Duties & Responsibilities

Supports the strategic and operations functions of a particular product line (Auto, GL, Umbrella, and Property) or industry.

Supports the overall profitability, growth and retention of the product line or industry and consistency of all related underwriting initiatives.

Conduct research for new product opportunities. Conduct investigations and analyzes the pros and cons of a new product offering to support the business or enterprise position.

May gather data on corporate exposure, claim analysis, actuarial data, etc to support a corporate / business unit position.

Works collaboratively with business units to support product line strategy in the business and / or Business Insurance. Recommends underwriting policies and standards which support the development of assigned product and services such as researching and identifying target business, competitor information, industry and economic factors across the business and / or Business Insurance.

May prepare the analysis and gather data to support the corporate underwriting policies / standards on topics of broad interest or national exposure such as catastrophes, terrorism, bird flu, global warming as respects to assigned Industries or Enterprise positions.

Works closely with actuarial staff to assure that forms and filings are supportive of the product and the organization. May collect and analyze claim data to determine if claim initiatives are aligned with product line strategy.

Monitor product results (i.e., line profitability analysis, quarterly loss trends, utilization / productivity, etc.) and make recommendations for corrective action as necessary.

May prepare finding and analyze data in support of the company’s position on the assigned product to respond to requests from regulators or state / national agencies.

Perform other duties as assigned.

Minimum Qualifications

Minimum 4 years property & casualty underwriting and / or product management experience.

Education, Work Experience & Knowledge

Bachelor degree. 6 or more years property & casualty underwriting and / or product management experience.

Physical Requirements

Operates standard office equipment Continuously Sitting (Can stand at will) Continuously Use of Keyboards, Sporadic 10-Key Continuously

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