Arch Insurance Group Inc.
VP, Product Line Management - Workers Compensation
Arch Insurance Group Inc., Boston, Massachusetts, us, 02298
VP, Product Line Management - Workers Compensation Join to apply for the
VP, Product Line Management - Workers Compensation
role at
Arch Insurance Group Inc.
Do you have the right skills and experience for this role Read on to find out, and make your application. Base pay range:
$145,700.00/yr - $202,770.00/yr Arch Insurance Group Inc. provided pay range. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Responsibilities
Line of Business Strategy & Thought Leadership: Develop and implement comprehensive underwriting strategies for Workers Compensation that identify capabilities needed across the organization to deliver results aligning with Arch’s profitability and growth goals (Return to Work, managed care, etc.). Lead the creation and dissemination of enterprise level underwriting guidelines (dividend plan use, concentration, etc.), principles and best practices applicable across the organization in conjunction with business units and the senior management team of the business units. Provide consultation for development of Business Unit underwriting guidelines. Serve as the primary corporate subject matter expert for Workers’ Compensation, providing strategic insights on coverage nuances and emerging industry issues. Represent the Workers Compensation line in internal councils and external industry forums, contributing thought leadership and market insights. Develop and deliver training programs on Workers’ Compensation topics, including optional forms, coverage selections, coverage coordination and jurisdiction-specific rules. Partner with Claims, Actuarial, Ops and IT to enhance data capture, analytics, and system capabilities that support underwriting decisions. Partner with Risk Control to align underwriting analysis with the latest workplace hazards, risk patterns and vulnerabilities. Coordinate with business units to ensure consistency in underwriting approach across portfolios and provide guidance on sound business solutions and training on Workers Compensation topics. Portfolio Analysis & Market Insights: Analyze portfolio performance and claim trends to identify loss drivers and provide strategic influence to enhance enterprise performance. Recommend strategic adjustments to segmentation and underwriting rules. Develop state-level market attractiveness reports with commentary on loss trends, regulatory environment, bureau rate adequacy, and rate filing guidance to support geographic strategies. Coordinate with Strategic Analytics to establish portfolio management tools for enterprise and BU use; monitor competitor activity and market developments to inform underwriting initiatives. Prepare reports on emerging issues, litigation trends, and regulatory changes impacting Workers’ Compensation. Monitor and interpret regulatory changes at state and bureau levels; assess impact on underwriting, pricing, and product development. Additional Responsibilities: Establish and monitor aggregation standards; monitor loss trends including medical and indemnity trends with Claims and Actuarial. Qualifications
Required Skills and Abilities: A senior level underwriter and leader, with 10+ years of experience in both field underwriting and Corporate/Home Office roles. Expert-level knowledge and technical expertise in Workers' Compensation. Ability to communicate issues and concerns into concise policy documents and to influence senior executives and business unit leadership. Education and Experience: Knowledge of emerging issues in the Workers Compensation insurance marketplace; able to build and manage teams of technical experts; strategic thinking; ability to work across business units and service units; strong communication across the organization; alignment with Arch Experience Values. Job Details
Department: Corporate Underwriting Reports to: Senior Vice President, Corporate Underwriting Product Line Management Location: Hybrid role — based in a major metropolitan East coast or Midwest city For individuals assigned or hired to work in the location indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. Total compensation will consider location, scope & responsibilities, qualifications, talent availability & specialization, and business needs. The base salary range may be modified in the future. Arch is committed to helping employees succeed through a comprehensive benefits package including medical plans, dental, vision, 401k matching, PTO and holidays, life and disability insurance, parental leave, student loan assistance and tuition reimbursement, and more. Click here to learn more on available benefits.
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VP, Product Line Management - Workers Compensation
role at
Arch Insurance Group Inc.
Do you have the right skills and experience for this role Read on to find out, and make your application. Base pay range:
$145,700.00/yr - $202,770.00/yr Arch Insurance Group Inc. provided pay range. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Responsibilities
Line of Business Strategy & Thought Leadership: Develop and implement comprehensive underwriting strategies for Workers Compensation that identify capabilities needed across the organization to deliver results aligning with Arch’s profitability and growth goals (Return to Work, managed care, etc.). Lead the creation and dissemination of enterprise level underwriting guidelines (dividend plan use, concentration, etc.), principles and best practices applicable across the organization in conjunction with business units and the senior management team of the business units. Provide consultation for development of Business Unit underwriting guidelines. Serve as the primary corporate subject matter expert for Workers’ Compensation, providing strategic insights on coverage nuances and emerging industry issues. Represent the Workers Compensation line in internal councils and external industry forums, contributing thought leadership and market insights. Develop and deliver training programs on Workers’ Compensation topics, including optional forms, coverage selections, coverage coordination and jurisdiction-specific rules. Partner with Claims, Actuarial, Ops and IT to enhance data capture, analytics, and system capabilities that support underwriting decisions. Partner with Risk Control to align underwriting analysis with the latest workplace hazards, risk patterns and vulnerabilities. Coordinate with business units to ensure consistency in underwriting approach across portfolios and provide guidance on sound business solutions and training on Workers Compensation topics. Portfolio Analysis & Market Insights: Analyze portfolio performance and claim trends to identify loss drivers and provide strategic influence to enhance enterprise performance. Recommend strategic adjustments to segmentation and underwriting rules. Develop state-level market attractiveness reports with commentary on loss trends, regulatory environment, bureau rate adequacy, and rate filing guidance to support geographic strategies. Coordinate with Strategic Analytics to establish portfolio management tools for enterprise and BU use; monitor competitor activity and market developments to inform underwriting initiatives. Prepare reports on emerging issues, litigation trends, and regulatory changes impacting Workers’ Compensation. Monitor and interpret regulatory changes at state and bureau levels; assess impact on underwriting, pricing, and product development. Additional Responsibilities: Establish and monitor aggregation standards; monitor loss trends including medical and indemnity trends with Claims and Actuarial. Qualifications
Required Skills and Abilities: A senior level underwriter and leader, with 10+ years of experience in both field underwriting and Corporate/Home Office roles. Expert-level knowledge and technical expertise in Workers' Compensation. Ability to communicate issues and concerns into concise policy documents and to influence senior executives and business unit leadership. Education and Experience: Knowledge of emerging issues in the Workers Compensation insurance marketplace; able to build and manage teams of technical experts; strategic thinking; ability to work across business units and service units; strong communication across the organization; alignment with Arch Experience Values. Job Details
Department: Corporate Underwriting Reports to: Senior Vice President, Corporate Underwriting Product Line Management Location: Hybrid role — based in a major metropolitan East coast or Midwest city For individuals assigned or hired to work in the location indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. Total compensation will consider location, scope & responsibilities, qualifications, talent availability & specialization, and business needs. The base salary range may be modified in the future. Arch is committed to helping employees succeed through a comprehensive benefits package including medical plans, dental, vision, 401k matching, PTO and holidays, life and disability insurance, parental leave, student loan assistance and tuition reimbursement, and more. Click here to learn more on available benefits.
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