Principal, Property Commercial Lines Insurance Solutions Position Available In Hudson, New Jersey

Verisk’s ISO Commercial Lines Product Development division is looking for a highly motivated Commercial Property Product Development team member who will conceptually and technically develop new and revised insurance programs in response to the changing business environment. We look to this role for strategic thought leadership on Commercial Property, Inland Marine and Output Policy lines of business. You will use your understanding of coverages, markets, industries, legal and regulatory trends, our customers, and our competitors to gauge impacts on our insurance programs, provide actionable insights, and create new products and product enhancements. You will also collaborate with our product strategy leaders and compliance experts to react to emerging trends and create new insurance products and related information. The better we know our customers, the better we can serve them. Customer focus will guide all aspects of your work. You will engage with customers and respond to their feedback with key developments while also developing products that anticipate their needs. This includes participating in panels and other customer forums, representing the products to customers, meeting with them individually and being a key customer resource. You may also represent us at industry conferences and with professional organizations, including preparing and giving presentations and authoring or co-authoring white papers or articles. As part of a small staff of line-of-business expert, you will collaborate with all stakeholders by inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners.

You will:

• Take an active role in the organization and development of property multi-state filings;
• Conduct client engagements that will ensure new product solutions are solving market challenges.
• Organizing commercial property panel meetings including compiling, organizing and distributing agendas and minutes;
• Facilitate legal review of product changes and enhancements; and
• Work with the actuarial department as necessary. Within Verisk, this person works regularly with other departments including the Actuarial department, Compliance, Government Relations, Operational Support and Publication Support.
• Bachelor’s degree or equivalent experience.
• Minimum 10 to 15 years P&C insurance experience with strong knowledge of coverages in Commercial Property, Inland Marine and Equipment Breakdown lines of business required including robust knowledge of market, industry, and competitor trends.
• Excellent development and analysis of policy forms required.
• Proven research and analytical skills.
• Pro-active problem solver.
• Detail oriented.
• Excellent verbal and written communication skills.
• Comfortable presenting at industry events.
• Experience building great internal or external customer relationships that focus on gaining actionable insights and forming collaborative partnerships with the goal of innovation, product improvement, or ease of use.
• CPCU, other industry designations, or law degree a plus.
• Some travel will be required #LI-ZP1 #LI-Hybrid
• Initiate and lead technical and conceptual development of ISO policy forms, endorsements and related materials.

Function as the strategic thought leader in Property, Inland Marine and Equipment Breakdown, using understanding of coverages, market, industry, legal, and regulatory trends, our customers, and our competitors to gauge impact on our insurance programs, provide actionable insights, and create new products and product enhancements.

• Develop panel agenda topics as well as coordinate and contribute to panel meetings with our customers.
• As a product strategy leader, you will collaborate with Verisk compliance experts to react to emerging trends and create new insurance products and related material.
• Foster client engagement through relationship-building efforts. Coordinate in-person visits and teleconferences to gain client input on and share knowledge with respect to Verisk products and services.
• Leverage the Emerging Issues Solutions Architect team to develop industry leading solutions for emerging trends, issues, and concerns.
• Further Verisk’s position as thought leader by speaking and writing about Verisk products, services and industry trends. Research and develop topic- and line-specific presentations and articles; collaborate with Law Department and Verisk Marketing teams as appropriate.
• Mentor less experienced staff as necessary, with regard to insurance-related topics and/or Verisk internal systems and workflow.