Product Development Specialist
- Vancouver, BC, Canada
- Greater Vancouver Metropolitan Area, Canada
Salary Range: CAD $50,000–$80,000 · Full-time
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Job details
- Pay
- Salary Range: CAD $50,000–$80,000
- Job type
- Full-time
- Experience
- Minimum 3–5 years of experience in Commercial P&C insurance (commercial underwriting / product development, underwriting, or compliance).
- Posting language
- English
- Posted
Original job description
Forward Insurance Managers Ltd. is a Canadian InsurTech Managing General Agent (MGA) partnering with brokers and insurers to deliver specialized coverage solutions. We are seeking a detail-oriented Product Development Specialist to develop, enhance, and maintain Forward’s commercial insurance product suite.
Location: Vancouver, BC
Key Accountabilities
- Research market trends, broker needs, competitor offerings, and emerging risks in commercial and professional lines.
- Develop and refine products including coverage, underwriting guidelines, rating, wordings and endorsements.
- Collaborate with leadership, underwriting, claims, operations and technology teams to bring products from concept to launch.
- Support product implementation, testing, documentation and ongoing product reviews.
- Develop and deliver product materials and training to brokers and the Forward team.
- Monitor product performance and recommend changes to remain competitive and profitable.
- Assist with Insurer regulatory/compliance requirements as required.
Qualifications
- Minimum 3–5 years of experience in Commercial P&C insurance (commercial underwriting / product development, underwriting, or compliance).
- Working knowledge of Commercial Lines underwriting / coverages / policy wordings / rating structures.
- CIP designation (in progress or completed) preferred
- Excellent written and verbal communication and comfort with Microsoft Office (Excel)
Salary Range: CAD $50,000–$80,000
Actual pay may be below or above range based on candidates' knowledge, skills, and level of ability relative to expectations for the role applied to. Candidates with salary expectations outside of the range are encouraged to apply.
More about this job
Responsibilities
The Product Development Specialist will research market trends and develop, refine, and maintain the company's commercial insurance product suite. They will collaborate with cross-functional teams to manage the product lifecycle from concept to launch and provide training to brokers.
Requirements
Candidates must have 3-5 years of experience in commercial P&C insurance, including underwriting or product development. A CIP designation is preferred, along with strong knowledge of policy wordings and rating structures.
Skills
- Commercial insurance
- Product development
- Underwriting
- Market research
- Policy wordings
- Rating structures
- Regulatory compliance
- Microsoft Office
- Excel
- Communication
- Risk assessment
- Project management
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Management & Leadership
- Consulting
Keywords
- InsurTech
- MGA
- Commercial insurance
- Product development
- Underwriting
- Market trends
- Risk management
- Policy wordings
- Endorsements
- Rating structures
- Regulatory compliance
- CIP designation
- Microsoft Office
- Excel
- Broker relations
- Product lifecycle
- Insurance