Product Manager – Casualty, US Middle Market Workers’ Compensation

Overview

As the world changes and markets become more competitive, our clients’ needs become more complex. More than ever, we are competing for time, for opportunities, for relevance. Differentiation at all levels, including how we engage with our clients, is important. Our ambition is to unlock a more sustainable and prosperous tomorrow by helping businesses navigate the world’s risks. In the Americas, we will deliver value beyond insurance policies by addressing clients’ risk management challenges and helping them build more sustainable, thriving businesses.

As part of AXA XL Americas, our Middle Market segment serves mid-sized clients in the Commercial Lines P&C market. The Product Manager Workers’ Compensation is a newly created position, sits within the business, and works closely across Underwriting, Product Management, Legal and Regulatory Compliance among other groups to deliver growth. This role will be an integral member of a dynamic Product Development growth team by creating, advising on, and managing P&C coverage development for this product suite.

What will your essential responsibilities include?

• Lead and own the product development and implementation of Workers’ Compensation related product solutions to establish AXA XL’s competitiveness and differentiated offerings in the Middle Market space; provide input into appetite and optimal portfolio
• Manage multiple related projects in a coordinated manner to achieve strategic objectives and ensure alignment with unit strategy
• Ensure efficient and effective resource management, while balancing stakeholder engagement and risk management for US Middle Market initiatives
• Focus on delivering value and benefits from the program outcomes, while aiming to complete projects on time and within budget
• Provide thought leadership and expertise on policy construction, market standard offerings, and program structures with a primary focus on Workers’ Compensation
• Provide subject matter expertise regarding product details such as rates, rules, forms, and compliance
• Collaborate with aligned Actuarial support and help drive key strategies around rate filings, pricing strategies, desired portfolio mix and line of business profit improvement strategies
• Establish strong working relationships with cross-functional groups including Claims, Compliance, Regulatory, Legal and other functions to engage and collaborate on issues related to the Casualty Lines of business
• Work on behalf of Middle Market team and underwriters as liaison on compliance topics, review regulatory and compliance components of products the business intends to write, and advise on strategies requiring input from regulatory or compliance
• Drive underwriting strategy and risk selection through understanding of the competitive marketplace, preferred risk characteristics, lessons from loss trends, and competitor offerings
• Represent AXA XL as a subject matter expert and thought leader at industry conferences to stay ahead of industry trends and emerging risks

You will report to the Senior Product Manager – Casualty Middle Market.

We’re looking for someone who has these abilities and skills:

• Eight or more years of Commercial Property & Casualty insurance experience in the field of legal compliance, regulatory relations, product development, underwriting or underwriting support with a focus on the Casualty Lines of business and the Middle Market segment. Experience with a Workers’ Compensation Independent Bureau or NCCI will also be considered.
• Familiarity with the deployment or management of Dividend Plans, Retrospective Rating, and/or Safety Groups
• Understanding of how state jurisdiction impacts Workers’ Compensation regulatory structure
• Experience with California and/or the WCIRB of California is a plus
• Comprehension of Federal coverages and their impact on policy structure
• Minimum education requires a College Degree with relevant experience
• Ability to communicate effectively with others, both verbally and in writing
• Team player who takes initiative and is able to work independently
• Robust analytical skills
• Able to manage time, meet deadlines and adjust to competing priorities
• U…