Insurance Product Manager
Next Insurance
Location: Waltham, MA (Hybrid or Eastern Time Zone Remote)
Founded in 2016 and headquartered in Palo Alto, NEXT is an insurtech company offering digital insurance solutions tailored to small businesses across the U.S. By leveraging AI and machine learning, we provide customized policies for sectors such as general liability, professional liability, and commercial auto insurance. Business owners can easily receive quotes and purchase coverage through our online platform. Our mission is to help entrepreneurs thrive.
To date, we have raised over $1.1 billion in funding, including a $265 million strategic round in November 2023, led by Allstate and Allianz X. This funding is intended to accelerate our path to profitability and expansion. A strategic partnership with Allstate enables us to develop new commercial auto products and extend our offerings to Allstate’s customer base. Serving more than 500,000 small businesses nationwide, we employ around 700 people, with offices in Palo Alto, Waltham, Rochester, Israel, and some remote roles.
Since 2016, we've empowered hundreds of thousands of small businesses across the United States with fast, customized, and affordable insurance coverage. Backed by the biggest names in insurance and tech, we're experiencing exponential growth and are seeking an enterprising and enthusiastic Insurance Product Manager to join our dynamic team.
We're inviting an accomplished and forward-thinking Insurance Product Manager to join our Workers Compensation team. This is a highly visible and cross-functional position with the primary goal of delivering best-in-class products to small businesses in multiple verticals. We believe that the insurance products available on the market today do not fit the needs of small businesses and we are committed to leading the charge in rethinking small business insurance as we know it. If you get excited about analytics & love finding meaning in data to recommend improvements, and want to work on initiatives that will have a real impact on the industry and the customer - we’d love to talk to you!
What You’ll Do:
- Become a go-to expert for the data analysis of our workers compensation product, overseeing the product’s analytics in all verticals and using that data to identify ways to improve growth and profitability
- Conduct industry research and competitive benchmarking to provide insights on our WC positioning and success
- Share responsibility for the growth and profitability of our insurance product line by providing analytics that aid in determining and rolling out to new geographies and customer segments
- Partner closely with multiple teams at Next including primarily our Sales Distribution Teams and also Technical Product, Engineering, Data Science, Claims, Compliance, Customer Operations, and Legal
- Be the ambassador of the line of business to our distribution internal stakeholders as well as external partners (e.g. Reinsurers, Agents, Partners, etc.)
What We Need:
- 5+ years of Workers Compensation insurance experience in product management, underwriting, or actuarial.
- Experience in the SMB space
- Experience in working with Insurance Analytics teams to identify opportunities for improvement and recommend strategies to optimize growth and profitability
- Proven experience in using data driven methods in decision making and strong analysis skills
- Customer obsessed, passionate about making great products that serve and empower small business owners
- Highly organized, able to handle multiple projects at once, and make progress on all fronts
- Able to work independently and comfortable with ambiguity
- BA/BS degree from a top university preferred but not required
The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position in the location(s) listed. Within the range, individual pay is determined by additional factors, including, without limitation, job-related skills, experience, and relevant education or training. NEXT employees are eligible to participate in our equity incentive program and will also receive our benefits package, consisting of our partially subsidized medical plan, fully subsidized vision/dental options, life insurance, disability insurance, 401(k), flexible paid time off, parental leave and more.
Don’t meet every single requirement? Studies have shown that some underrepresented people are less likely to apply to jobs unless they meet every single qualification. At NEXT, we are dedicated to building a diverse, inclusive and respectful workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.
One of our core values is 'Play as a Team'; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job-related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next's policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.