Farmers Insurance · 6 hours ago
Product Manager - Business Insurance
United States
Full-time
Onsite
Mid, Senior Level
$108K/yr - $206K/yr
5+ years expFarmers Insurance is dedicated to delivering peace of mind to customers through protection and comprehensive advice. The Product Manager for Business Insurance will manage designated product lines, focusing on Commercial Multi-Peril, while ensuring competitiveness and alignment with business goals.
Auto InsuranceFinancial ServicesInsuranceLife Insurance
Responsibilities
Conducts competitor analysis to inform product strategies
Evaluates models, rating variables, and market segments to recommend adjustments that improve competitive positioning
Analyzes competitor earning reports, market positioning, and countrywide rating curves to support product development and rate strategies
Applies research findings to support product initiatives and pricing decisions
Coordinates with cross-functional teams to implement product strategies and operating standards that facilitate profitable growth
Uses in-depth business knowledge to contribute to strategic planning for rating approaches, rating variables, and performance metrics
Optimizes rating structures by analyzing losses, coverage types, and industry trends
Performs trend analyses such as retention analysis and new money trends to support product planning and inform decisions
Provides data-driven recommendations for adjustments to product design, rules, rates, or underwriting
Coordinates cross-functionally to evaluate and execute countrywide non-rate or underwriting actions
Manages processes to assess the impact of changes in policy terms and coverage options, analyzes their effectiveness, and recommends adjustments to enhance outcomes
Monitors product performance metrics to identify trends, ensure compliance, and evaluate results
Prepares reports for stakeholders and maintains systems to monitor financial results, product outcomes, and post-project performance
Leverages data to deliver actionable insights
Uses data to provide actionable insights
Performs other duties as assigned
Qualification
Required
High School Diploma or equivalent required
Minimum five years of experience required in product line management or similar role
Demonstrated analytical skills. Able to analyze data and trends to make informed decisions and recommendations
Possesses strong product knowledge. Working knowledge of insurance products including commercial lines, property & casualty (P&C) lines, and other relevant types
Demonstrated P&L management experience
Effective leadership skills
Demonstrated collaboration skills
Effectively coaches and delivers constructive feedback
Possesses strong technical aptitude. Proficient in Microsoft Office suite
Strong verbal and written communication skills
Demonstrated ability to secure 'buy-in' and convince others regarding best approach
Goal oriented team player with a positive attitude
Excellent time management skills
Strong relationship building
Preferred
Bachelors degree preferred
Commercial Insurance experience preferred
Familiarity with product management tools, data analysis software, and reporting systems
Working knowledge of SQL preferred
Benefits
Medical
Dental
Vision
Health Savings and Flexible Spending Accounts
Life Insurance
Paid Time Off
Company
Farmers Insurance
The companies comprising the Farmers Insurance Group of Companies® currently make up one of the country's largest insurers of vehicles, homes and small businesses, and provide a wide range of other specialty insurance and financial services products.
10001+ employees
H1B Sponsorship
Farmers Insurance has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (105)
2024 (76)
2023 (86)
2022 (129)
2021 (106)
2020 (90)
Funding
Current Stage
Late StageLeadership Team
Jose Tamayo
Agency Owner
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