Job Title: VP, Product & Underwriting Practice Leader – Management Liability
Reports to: SVP, Corporate Integration and Head of Strategic Integration
Locations: NYC, Atlanta, Chicago, Hartford, Los Angeles, Boston
Band: III
Travel: Up to 25%
Team: Works closely with cross‑functional stakeholders including SPADE, marketing, distribution development, claims, actuarial, underwriting operations, and the CUO organization.
Role Overview
The VP, Product & Underwriting Practice Leader is a strategically critical leader responsible for driving profitable growth and technical excellence across our Corix business. This role combines product management and underwriting leadership, overseeing the full product lifecycle, risk selection, and innovation for both digital and intermediated channels. The successful candidate will own and deliver the P&L for their product(s) by setting vision and strategy, driving strong change management and fostering a culture of collaboration, customer‑centricity, and continuous improvement.
Responsibilities
Set Vision & Strategy: develop and communicate a unified product and underwriting vision, strategy, and roadmap aligned with company goals and market opportunities.
Underwriting Excellence: monitor industry trends, market conditions, and regulatory changes; set individual risk, concentration risk, and aggregate limit strategies; manage underwriter authority and deliver technical training; build and maintain underwriting tools for risk evaluation.
Market & Risk Analysis: conduct market research and risk analysis to identify expansion opportunities, customer segments, needs, pain points, opportunities, trends, and emerging risks for your product(s).
Portfolio & Risk Management: define and prioritize product and underwriting initiatives based on customer value, business impact, technical feasibility, and risk appetite; implement strategies for risk selection, assessment, and robust underwriting controls.
Cross‑Functional Collaboration: work closely with SPADE, marketing, distribution development, claims, actuarial, and underwriting operations teams to deliver innovative, competitive, and compliant insurance solutions.
Product & Underwriting Tools: build and maintain tools for product management and risk evaluation, including applications, guidelines, risk scoring, and data utilization.
Go‑to‑Market – Performance and Monitoring: manage product launches, go‑to‑market activities, and underwriting rollouts—including positioning, messaging, pricing, distribution, and authority management; measure and monitor performance, profitability, and customer satisfaction using quantitative and qualitative methods.
Continuous Improvement: solicit and incorporate feedback from customers, stakeholders, and users to continuously improve product quality, underwriting, pricing and user experience; adjust and update policy language and practices in response to industry trends, profitable growth opportunity, regulatory changes, claims experience, and loss ratio insights.
Training & Best Practices: set training agendas, deliver technical and product training, and develop best practices for knowledge sharing for underwriting operations.
Qualifications
10+ years of experience in product management and/or underwriting.
Bachelor's degree in business, engineering, computer science, or related field; MBA or advanced degree preferred.
Strong knowledge of commercial insurance, customer segments, competitors, and trends for your product(s).
Exceptional skills in product visioning, strategy formulation, roadmap development, prioritization, and execution.
Decision quality and strategic mindset to drive profitability and long‑term growth.
Innovative and entrepreneurial outlook with commercial sensibilities.
Highly analytical, data‑driven, and adept at problem‑solving.
Advanced communication and presentation skills, with ability to influence senior executives and stakeholders.
Experience with Lloyd's of London, CPCU or RPLU designation is a plus.
What We Offer
401(k) with competitive company matching.
Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care).
Company‑paid group term life, short‑term disability and long‑term disability coverage.
24 paid time off days plus 2 Hiscox days, 10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days.
Paid parental leave.
4‑week paid sabbatical after every 5 years of service.
Financial Adoption Assistance and Medical Travel Reimbursement Programs.
Annual reimbursement up to $600 for health club membership or fees associated with any fitness program.
Company paid subscription to Headspace to support employees' mental health and wellbeing.
2024 Gold level recipient of Cigna's Healthy Workforce Designation.
Dynamic, creative, and values‑driven culture.
Modern and open office spaces, complimentary drinks.
Spirit of volunteerism, social responsibility, and community involvement, including matching charitable donations for qualifying non‑profits via our sister non‑profit company, the Hiscox USA Foundation.
Salary Range: $200k–$250k. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
Note: This position is hybrid and requires two (2) days in our office weekly.
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VP, Product & Underwriting Practice Leader - Management Liability
Hiscox Inc., Chicago, IL, USA
Pay: $200,000-$250,000/yr
Job type: Full Time