Insurance Product Manager

The Insurance Product Manager at Steadily will oversee the growth and profitability of our Landlord Dwelling products, identify new opportunities, enhance existing product coverage, and analyze profitability drivers like loss ratios and trends. Additionally, this role involves managing state rate filings and collaborating closely with various internal teams, making it crucial for the overall success of our insurance offerings.

To qualify for the Insurance Product Manager position at Steadily, candidates should have at least five years of experience in the insurance industry, particularly managing personal lines products. A strong understanding of policy form language and HO or DP product experience is a plus. The ideal candidate should also possess excellent technical, analytical, communication, and collaboration skills.

Steadily prides itself on a unique culture that emphasizes candid communication, fun, and teamwork. As an Insurance Product Manager, you’ll work alongside a team of high-achievers in a supportive environment. Our founders have an impressive startup history, fostering an atmosphere where everyone’s contributions matter, and we're known for having a good time while achieving our goals.

Steadily offers a competitive compensation package for the Insurance Product Manager role, starting at $150,000 per year. Additionally, employees receive equity in the company, generous PTO, health insurance benefits, a 401K plan, and other perks like office snacks and team lunches.

The Insurance Product Manager at Steadily collaborates with various internal teams including engineering, marketing, and sales. This role requires effective communication across departments to implement product strategies, ensure alignment on initiatives, and leverage insights for continuous improvement, driving the overall success of our landlord insurance products.

When answering this question, focus on specific personal lines products you've managed, detailing your responsibilities, any challenges faced, and the outcomes. Highlight relevant metrics or achievements that showcase your ability to drive growth, while also demonstrating a deep understanding of insurance policies or regulations.

For this question, discuss your analytical methods, such as using loss ratios, frequency/severity trends, and other data. Emphasize your experience with data analytics tools and how you use these insights to inform product decisions and improvements.

Use the STAR method—Situation, Task, Action, Result—to structure your response. Outline the product details, your role in the launch, any obstacles encountered, and the successful outcomes achieved, including market response and profitability.

Discuss specific strategies, such as collecting customer feedback, conducting competitive analyses, and implementing policy adjustments based on market trends. Showcase how these actions led to improved customer satisfaction and retention rates.

Emphasize your commitment to continuous learning through industry publications, professional associations, and networking. Share examples of how you've successfully navigated regulatory changes in past roles and their impact on your product strategies.

Provide a specific example detailing the teams involved, your role in facilitating collaboration, and the overall impact on the product. Highlight communication strategies used to ensure everyone was aligned and working towards common goals.

Answer by focusing on precision and clarity. Discuss the importance of ensuring policies are easily understood, compliant with regulations, and effectively cover all potential risks while protecting the company’s interests.

Reflect on key traits like analytical thinking, communication skills, adaptability, and a results-oriented mindset. Share how these attributes have been instrumental in your success in managing products efficiently and innovatively.

Discuss your familiarity with SERFF, what you’ve accomplished using the platform, and how you've navigated competitor filings. Mention specific examples where your expertise led to the successful filing of products or responses to regulatory inquiries.

Explain your process for aligning product initiatives with company objectives, such as participating in strategic planning sessions, regular communication with leadership, and gathering feedback from various departments to create a cohesive strategy.