Job Summary
JOB DESCRIPTION
The Personal Lines Auto Line Leader is responsible for the strategic direction, profitability, and growth of the North American Personal Lines Auto insurance portfolio. This role leads product development, pricing, and market positioning, ensuring alignment with company objectives for Private Passenger Auto and Collector Vehicles. The Auto Product Leader will oversee the Product Line of business leader for Excess and Rec Marine. This role collaborates with other line of business leaders, sales, and underwriting to deliver innovative solutions and maintain our competitive advantage.
Responsibilities
MAJOR DUTIES & RESPONSIBILITIES:
- Sets and communicates clear LOB Product strategy, to ensure PRS’s Auto offering is aligned with Chubb’s personal lines target market and value-added strategy to create a competitive advantage
- Accountable for driving profitable growth of the Auto, Excess line of business including monitoring of all financial metrics
- Work with Field Product Leader, field and Consumer Digital teams to develop strategies to increase submission flow of profitable Auto new business
- Partners with actuarial and claims to maintain awareness of loss frequency and severity trends and their underlying causes, informing necessary changes to pricing and coverage to meet LR targets
- Develop and manage all Auto pricing, underwriting and coverages. Coordinate and prioritize implementation of changes with other PRS departments
- Develops annual Auto rate plan based upon the PRS Actuarial Pricing Study rate indications and work with Regional Product Leaders, IT and State Filings team to execute rate plan
- Advance underwriting and pricing segmentation and accuracy by identifying and implementing reliable sources of verified third party data such as UBI
- Develop and implement underwriting models/guidelines which support the division’s target market strategy and enable UW to identify risks which cannot be adequately pricedor have catastrophe concerns
- Manage a team responsible for driving auto, excess and rec marine product initiatives forward
- Engage with internal and external business partners to drive line of business awareness, facilitate on-site and virtual training on the PRS Auto Value, rating and coverage enhancements, and Auto related topics
- Collaborate in a team environment with Field Product Management, Sales, Underwriting, Risk Consulting, Operations, IT, Claims, Marketing, General Counsel, and Actuarial to achieve business plans
- Focuses on training and leadership development of staff members, with the goal of elevating overall team performance, fostering staff advancement, retention, and succession
Qualifications
SKILLS and EXPERIENCE
- An in-depth knowledge of personal lines, high net worth market, strategies, products, and pricing
- Strong understanding of Auto line of business including rate indications, pricing, and coverage. This includes an understanding of geographic and regulatory issues/concerns
- Expertise with multivariate pricing segmentation and underwriting models.
- Possess strong leadership, collaboration, communication, and influence management skills
- Demonstrated abilities to manage multiple priorities and develop and execute long-term strategies
- Demonstrated ability to effectively interact with all levels of internal and external business partners
- Strong analytical and critical thinking skills with strong attention to detail
- Successful, multi-year experience in a personal insurance product management role, ideally with a focus on auto insurance. This includes direct responsibility for product strategy, pricing, underwriting, and portfolio profitability.
- Demonstrated ability to lead and manage teams across multiple disciplines Experience collaborating with internal and external business partners to drive business objectives is essential.
- Deep knowledge of auto insurance, including rate indications, pricing, coverage, and regulatory/geographic issues. Experience developing and implementing multivariate pricing segmentation, underwriting models, and long-term strategic plans for profitable growth is required.
Education
- Bachelor’s degree in business, finance, actuarial science, or a related field required. An MBA or other advanced degree preferred.
The pay range for the role is $180,000 to $260,000. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found at https://careers.chubb.com/global/en/north-america . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
