Assistant Vice President, Product Innovation

Relm Insurance Ltd.; New York (NY); On-site; USD 160,000 - 180,000; Full time

Benefits offered by this job

Paid holidays

PTO: 28 days

Health coverage

401K

Development & mentorship

Wellness stipend

Commuting reimbursement

Wellness benefits

Voice matters

Career growth

Job summary

Relm Insurance Ltd. in New York is seeking an Assistant Vice President, Product Innovation to turn emerging risks and new industries into scalable insurance products.

This hands-on, technically focused role requires deep knowledge of insurance products and wordings and a forward-looking mindset to spot opportunities and build something new. You’ll own complex product workstreams from idea to launch, collaborating with Underwriting, Legal, Compliance and Distribution, and you’ll mentor junior

Qualifications

• Around 8 years’ experience within insurance product development, underwriting, wordings or a closely related specialty insurance discipline.
• Strong technical knowledge of insurance products, wordings, coverage structures and market dynamics.
• Experience independently managing complex product or underwriting workstreams with limited supervision.
• Business acumen to assess emerging opportunities for viable insurance products.
• Experience working across Underwriting, Legal, Compliance, Distribution and other functions.
• Confidently engaging with brokers, clients and senior stakeholders.
• Experience coaching or supervising junior colleagues.
• Curiosity for emerging industries such as digital assets, fintech, biotech, gambling and other rapidly developing sectors.
• Excellent written and verbal communication to translate complex concepts into clear recommendations.
• Professional qualifications such as ACII or CPCU are desirable but not essential.

Responsibilities

• Own key product innovation workstreams from concept through development, launch and lifecycle management.
• Translate strategic priorities into tangible insurance products, including policy wordings and endorsements.
• Identify and assess opportunities within emerging sectors with evidence-based recommendations.
• Research market developments, competitor activity, and sector trends to stay ahead.
• Lead development of products for new industries from research to go-to-market.
• Collaborate with Underwriting, Legal, Compliance and Distribution to ensure commercial relevance and regulatory compliance.
• Review and approve product documentation, including wordings and guides.
• Build relationships with brokers, clients and industry bodies to identify insurance needs.
• Act as senior SME across product, wording and emerging-sector matters.
• Provide day-to-day guidance to junior Product Innovation team members.
• Contribute to wider Product Innovation and cross-functional initiatives as Relm grows globally.

Skills

Insurance product development

Underwriting

Wordings

Product innovation

Commercial mindset

Stakeholder engagement

Job description

WHO WE ARE

Relmis the only specialty insurer dedicated to supporting the world’s most innovative industries.

Whetherit’swith startups harnessing zero-gravity conditions on the ISS to manufacture blindness-curing retinas, global crypto exchanges democratizing crypto trading, or biotech pioneers using gene-editing technology to advance personalized medicine,Relmworks lockstep with innovators to understand and underwrite businesses shaping the future.

Relm’steamoperatesout of offices in London, New York, Dubai, Miami, Bermuda, executing market-leading insurance solutions for companiesoperatingin digital assets and web3, AI, the space economy, financial technology, biotech, and more.

WHAT WE ARE LOOKING FOR

Where regular insurers look backwards,Relmdifferentiates by looking ahead. Weoperateat the forefront of innovative industries by hiring curious minds with deep sector experience.To continue helping businesses build the future, we need all of our team members to demonstrate curiosity, creativity, courage, and optimism.We need them to be accountable for ideation but able to execute collaboratively. In short: we hire people whose inquisitive minds help them break ground.

As Assistant Vice President, Product Innovation , you’ll play a key role in turning emerging risks, new industries and market opportunities into scalable insurance products. This is a hands‑on, technically focused role for someone who understands insurance products and wordings deeply, but also enjoys looking ahead, spotting opportunities and building something new.

You’ll take ownership of complex product development workstreams from initial idea through to launch, working closely with Underwriting, Legal, Compliance, Distribution and senior leadership across the business.

What you’ll be doing

• Own key product innovation workstreams from concept through development, launch and ongoing lifecycle management.

• Translate strategic priorities into tangible insurance products, including policy wordings, endorsements, coverage structures and product frameworks.

• Identify and assess opportunities within emerging and rapidly evolving sectors, building clear, evidence‑based recommendations for senior leadership.

• Research market developments, competitor activity and sector trends to help ensure Relm remains ahead of the curve.

• Lead the development of products designed for new and emerging industries, from initial sector research through to go‑to‑market.

• Work closely with Underwriting, Legal, Compliance and Distribution to ensure products are commercially relevant, technically robust and regulatory compliant.

• Review and approve product documentation, including policy wordings, product guides and positioning materials.

• Build relationships with brokers, clients, industry bodies and businesses operating within target sectors to understand where insurance solutions are needed most.

• Act as a senior subject matter expert across the business on product, wording and emerging‑sector matters.

• Provide day‑to‑day guidance and support to junior members of the Product Innovation team.

• Contribute to wider Product Innovation and cross‑functional initiatives as Relm continues to grow globally.

What we’re looking for

• Around 8 years’ experience within insurance product development, underwriting, wordings or a closely related specialty insurance discipline.

• Strong technical knowledge of insurance products, policy wordings, coverage structures and market dynamics.

• Experience independently managing complex product or underwriting workstreams with limited supervision.

• A strong commercial mindset and the ability to assess whether an emerging opportunity can translate into a viable insurance product.

• Experience working collaboratively across Underwriting, Legal, Compliance, Distribution and other business functions.

• Confidence engaging with brokers, clients and senior internal stakeholders.

• Experience supporting, coaching or overseeing junior colleagues.

• Curiosity for emerging industries such as digital assets, fintech, biotech, gambling and other rapidly developing sectors.

• Strong written and verbal communication skills, with the ability to turn complex concepts into clear recommendations.

• Professional qualifications such as ACII or CPCU are desirable but not essential.

WHAT WE OFFER

The annual salary for this role is structured within a range of USD $160,000 to USD $180,000, depending on experience and qualifications.

• Paid Public Holidays: Enjoy ten (10) paid public holidays each year, giving you the opportunity to unwind and recharge.

• Generous Paid Time Off (PTO):You’llreceive28days of Paid Time Off (PTO) annually, giving you the flexibility to take care of personal matters, vacation, or sick days.

• Full Health Coverage: The company fully covers your medical, dental, vision, life, and disability insurance to ensure you and your family are well taken care of.

• 401K Program with Company Match: Plan for your future with access to the company’s 401K program, including a 5% company match.

• Professional Development & Mentorship : We invest in your growth through professional development opportunities, training, and mentorship programs, helping youadvance inyour career.

• Wellness Stipend: Take care of yourself with a monthly wellness stipend to support your health and well‑being.

• Commuting & Travel Reimbursement: We offer a commuting reimbursement to help with transportation costs, including parking, making your daily commute easier.

• Wellness Benefits: Stay healthy and active with access to gym memberships, exercise classes, and other wellnessperksthat promote a balanced lifestyle.

• Your Voice Matters: Work in an environment where your opinions and ideas are valued and play a crucial role in driving the success of our team.

• Endless Growth Opportunities: Enjoy a multitude of career growth opportunities, ensuring that you have the resources to thrive and advance within the company.

WHY YOU’LL LOVE WORKING WITH US

Diversity and inclusion area givenin this day and age;Relmgoes beyond the norm to provide genuine support for our team members. We believe in equipping our staff with whatever arsenal they need to do their best work (see below), and our commitment to staff growth is often cited by members as one of their most highly valued benefits.

Relmis a team of innovators redefiningwhat’spossible in insurance. With us,you’lllaunch industry‑first programs within an environment designed to be antithetical to traditional insurance and the restraints that come with it. Ourforward-thinkingattracts forward thinkers.