Description

JOB DESCRIPTION

Chubb is seeking a highly motivated and experienced Workers' Compensation (WC) Product Vice President to join our team. In this role, you will help drive profitable growth for our Commercial Insurance Workers' Compensation product. You will have leadership responsibilities to drive WC product development and strategy across all Commercial Insurance Portfolio Segments.

As a key member of our Workers Compensation leadership team, you will use your highly developed abilities to both influence and collaborate with Underwriting, Actuary, Price-Modelers, Claims, Operations, Compliance/Government Affairs, IT, Premium Audit, and Marketing to deliver a competitive, compliant, and market leading Workers Compensation Product across the Commercial Insurance Portfolio.

Primary Responsibilities:

• Product Leadership: Develop and execute the vision, strategy, and roadmap for the Workers Compensation product within Commercial Insurance, ensuring alignment with broader business goals. Build and nurture a high-performing team, fostering an inclusive and collaborative environment. Lead cross-functional teams in product ideation, design, and launch, collaborating with Underwriting, Claims, Actuarial, Legal, and IT. Advocate for the WC product with senior leadership. Leverage deep expertise in Workers Compensation to mentor and develop team members.
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  Product Development: Oversee the lifecycle management of the Workers Compensation product, including coverage and compliance. Accountable for the creation and execution of state-specific plans and filing actions, ensuring alignment with the strategic goals of Commercial Insurance. Collaborate with business leaders and stakeholders to deliver a comprehensive operational plan for rate filings and writing company strategies. Execute product enhancement work including research, launch, and rollout related to established product strategies. Ensure strategies and plans address compliance needs and regulatory requirements. Lead change initiatives to enhance the product development process, incorporating agile methodologies, data-driven decision-making, and automation to drive efficiency and innovation.
  
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  Product Delivery: Partner with IT, Operations, and Underwriting teams to ensure seamless implementation of product development initiatives. Establish and maintain strong relationships with internal teams and external vendors to support the WC product. Ensure all product initiatives are executed with precision, efficiency and excellence.
  
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  Industry Engagement: Cultivate strong relationships with WC State Bureaus and industry associations to position Chubb as a market leader and stay ahead of industry product trends. Represent the company at industry forums, regulatory meetings, and client presentations.
  
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  Market Intelligence: Conduct market, competitor, and consumer research analysis to identify and recommend product enhancements, new market opportunities, and differentiated services. Analyze competitor filings to benchmark Chubb's competitive position and inform strategic decisions. Identify market trends, regulatory changes, and customer needs to drive product enhancements and new offerings.
  

Requisition #: 26296

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