SVP, Product, Chubb Small Business at Chubb

Posted in Insurance 11 days ago.

Type: Full-Time
Location: New York, New York

Job Description:

Job Description 

Chubb Small Business is seeking an experienced, strategic product line expert to lead our Product organization. Reporting to the Division Head of Underwriting & Portfolio, the SVP of Product will have direct P&L accountability for Commercial P&C product lines (Business Owners Package, Umbrella, Workers Compensation and Commercial Auto). He / she will set the strategic direction for Chubb’s small business product suite, driving coverage and technology innovations to deliver market leading insurance offerings. They will oversee the product roadmap and vision, prioritizing excellence in customer experience, underwriting and efficiency. The SVP of Product will directly oversee P&C product management teams and cross-function agile delivery squads to deliver Chubb Small Business strategic objectives.  


Critical proficiencies for this role span product development and management, underwriting, strategy, technology / analytics, regulatory / compliance, complex problem solving, leadership and communication.   


Key Responsibilities  

  • P&L owner for Commercial P&C products (Business Owners Package, Umbrella, Workers Compensation, & Auto) across all digital distribution channels and geographies  

  • Direct management of BOP & Umbrella and WC & Auto Product Line leaders and their teams of product managers and analysts   

  • Lead the ‘Product Factory’ Sub-Domain – establish OKRs and oversee cross-functional agile teams building and managing product across Chubb’s digital ecosystem  

  • Accountable for 5 Year Strategic Plan, Annual Plan and production management / forecasting  at Product / Line of Business level 

  • Drive the development of digital solutions for your domain to deliver Chubb’s underwriting craftsmanship and expertise digitally throughout the customer journey 

  • Responsible for the development and ongoing management of product forms, including filings, coverage standards and configuration  

  • Oversee the execution of technological advancements and day to day activities across Filing, Compliance, and Competitive Analytics  

  • Accountable for ensuring high standards of underwriting practices, including underwriting governance, Audit, Emerging risk / Corporate Underwriting compliance and authority across automated and referral environments  

  • Accountable for the implementation and management of underwriting technology (e.g. Rules Management, Policy Administration Systems)  

  • Set strategic direction for technology development to maximize efficiency and scalability of foundational platforms  

  • Collaborate closely with Portfolio Management & Portfolio Insights functions to continuously monitor the health and performance of each line of business respectively; implement proactive portfolio management actions to achieve profitability objectives  

  • Provide thought leadership and strategic direction for the integration of advanced analytics (AI / ML) in all facets of product configuration, underwriting rules and appetite  


Functional Competencies  

  • Deep business and product knowledge leadership and influencing skills to persuade stakeholders and team towards a vision 

  • Able to focus on strategic imperatives, outcomes, tracking metrics, data driven decision making and a commitment to continuous improvement with a ‘can do’ attitude 

  • Adaptable, flexible, and decisive – ability to adjust to changing priorities and demands, find creative solutions, and make decisions quickly to deliver on key priorities; Not afraid to push the envelope, strive for innovation, question the status quo 

  • Direct experience and leadership competencies suited to a dynamic cross-functional, fast paced environment and Agile Methodology operating model  


Education & Experience  

  • 10+ years of experience in Small Commercial P&C product, portfolio management and/or underwriting  

  • 7+ years of proven results as a direct Product / P&L owner for P&C product(s)  

  • Bachelor’s degree in Business, Finance, Economics, Actuarial Science or related fields; Masters degrees & professional certifications a strong plus  

  • Strong knowledge of US DOI insurance regulations and requirements, and working knowledge of US GAAP for FAS 60 product / US statutory financial requirements 

  • Extensive direct experience in the development and implementation of advanced analytics, pricing, regulatory compliance and policy administration technologies  


In New York, NY the pay range for the role is $165,000 to $280,500. 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 This range is specific to New York, NY and may not be applicable to other locations.

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