Insurance Product Development Specialist (Hybrid/Remote)

Philadelphia Insurance Companies; Timonium (MD); Hybrid; USD 77,000 - 86,000; Full time

Benefits offered by this job

Hybrid work model

Remote work eligible

Tuition reimbursement

401K match

Job summary

Philadelphia Insurance Companies, a Tokio Marine Group member, is expanding our Product Development team with nationwide consideration for a Product Development Specialist. The role drafts coverage forms, endorsements, and rate/rule pages, coordinates with Compliance, Underwriting, Actuarial, Claims and IT to move initiatives from concept to filing and implementation.

A hybrid work model and remote consideration are offered, with focus on staying ahead of regulatory changes and supporting DOI

Qualifications

• Excellent research, detail, creative problem solving and project management skills.
• Strong influencing skills to ensure alignment with Underwriting, Actuarial, Operations, Claims, IT and Compliance.
• Strong command of ISO Commercial Lines, ISO Manuals/Circulars, regulatory concepts, with a collaborative, proactive and self-starter nature.
• Superior interpersonal, communication, and time management skills and ability to develop relationships with stakeholders.

Responsibilities

• Drafting and updating coverage forms, endorsements, and rate/rule pages.
• Preparing clear, well-supported explanatory memos for submission to DOIs.
• Researching competitor filings to inform product market positioning.
• Monitoring regulatory and legal changes and translating them into timely updates to forms and rules.
• Partnering with Underwriting and Actuarial to clarify project intent and confirm rating approach.
• Collaborating with Claims to refine form language and improve clarity.
• Supporting State Filings by compiling filing materials for DOI submissions.
• Responding to DOI objections and coordinating updates with Underwriting and Actuarial.
• Reviewing system requirements with IT to ensure programming aligns to the approved filing.

Skills

Research skills

Detail orientation

Problem solving

Project management

Influencing

ISO knowledge

Regulatory knowledge

Education

Bachelor’s degree (or higher) from an accredited college/university

Tools

Insurance designations

Job description

Philadelphia Insurance Companies, a Tokio Marine Group member, is expanding our Product Development team with nationwide consideration for a Product Development Specialist. The role drafts coverage forms, endorsements, and rate/rule pages, coordinates with Compliance, Underwriting, Actuarial, Claims and IT to move initiatives from concept to filing and implementation.

A hybrid work model and remote consideration are offered, with focus on staying ahead of regulatory changes and supporting DOI