SVP, Auto Product Leader

JOB DESCRIPTION

JOB SUMMARY

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.

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 includ...