Insurance Product Development Consultant

Ports North; Chicago (IL); On-site; USD 110,000 - 170,000; Full time

Job summary

Korn Ferry is seeking an Insurance Product Development Consultant to strengthen product governance, support regulatory and filing activities, and drive cross-functional product initiatives in a fast-paced insurance environment.

This hands-on role partners with underwriting, operations, compliance, and technology teams to deliver coverage forms, endorsements, and lifecycle management, while advancing pricing strategies and market analysis.

Qualifications

• Experience in Property & Casualty insurance, in product development or related roles.
• Strong understanding of insurance products, coverage forms, endorsements, and regulatory requirements.
• Familiarity with state filing processes; SERFF experience preferred.
• Proven ability to lead cross-functional initiatives and navigate ambiguity.
• Strong execution, problem-solving, and project management skills.
• Ability to balance strategic improvements with day-to-day issue resolution.

Responsibilities

• Support product development activities, including coverage forms, endorsements, product documentation, and product lifecycle management.
• Provide regulatory filing and compliance support, including state filing requirements and issue resolution.
• Lead and coordinate initiatives across underwriting, operations, compliance, and technology teams.
• Drive execution of product-related projects, ensuring accountability and timely delivery.
• Conduct competitive and market analysis to identify product enhancements and growth opportunities.
• Assist with pricing and rate strategy initiatives and related implementation efforts.
• Help establish stronger product governance, processes, and decision-making frameworks.

Skills

Product development

Insurance knowledge

Regulatory compliance

Cross-functional collaboration

Project management

Pricing strategy

Strategic thinking

Tools

SERFF

Job description

INSURANCE PRODUCT DEVELOPMENT CONSULTANT

Our global insurance client is seeking a hands-on Product Development Consultant to help strengthen product governance, support regulatory and filing activities, and drive cross-functional product initiatives. This individual will play a key role in stabilizing the product function, improving accountability, and advancing strategic product and pricing initiatives within a fast-paced insurance environment.

Responsibilities

• Support product development activities, including coverage forms, endorsements, product documentation, and product lifecycle management.
• Provide regulatory filing and compliance support, including state filing requirements and issue resolution.
• Lead and coordinate initiatives across underwriting, operations, compliance, and technology teams.
• Drive execution of product-related projects, ensuring accountability and timely delivery.
• Conduct competitive and market analysis to identify product enhancements and growth opportunities.
• Assist with pricing and rate strategy initiatives and related implementation efforts.
• Help establish stronger product governance, processes, and decision-making frameworks.

Requirements

• Experience in Property & Casualty insurance, preferably in product development, underwriting, claims, or product analysis.
• Strong understanding of insurance products, coverage forms, endorsements, and regulatory requirements.
• Familiarity with state filing processes; SERFF experience preferred.
• Proven ability to lead cross-functional initiatives and navigate ambiguity.
• Strong execution, problem-solving, and project management skills.
• Ability to balance strategic improvements with day-to-day issue resolution.

About Korn Ferry

Korn Ferry unleashes potential in people, teams, and organizations. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers. To learn more, please visit Korn Ferry at www.Kornferry.com