Senior Product Development Specialist (Renters & Travel Insurance)

AmTrust Financial Services, Inc.

1d•$150,000 - $160,000•Hybrid

About The Position

The Senior Product Development Specialist for Specialty Insurance is responsible for developing, managing, and ensuring regulatory compliance for our renters and travel insurance products. This role covers multiple disciplines, including market analysis, regulatory and underwriting operations, as well as overseeing technical development and product implementation. We are looking for an experienced insurance professional with deep knowledge of specialty lines—especially renters and travel insurance—and a strong grasp of compliance requirements that govern these products. We’re seeking a creative, detail-focused collaborator who is driven to deliver innovative insurance solutions for today’s changing consumer needs. This position offers a chance to make a meaningful contribution to a fast-growing segment of the insurance industry. This role will require a hybrid work schedule in any of our US AmTrust Offices.

Requirements

At least 5 years’ experience in product development
Extensive knowledge of specialty insurance, especially renters and travel insurance
Thorough understanding of insurance product development, filings, and compliance procedures
Familiarity with bureau forms, rates, and rules
Ability to interpret and apply insurance regulations to achieve high compliance standards
Strong knowledge of relevant regulatory environments for renters and travel insurance
Excellent analytical, organizational, and problem-solving abilities; adept at leveraging data and market insights in product development
Outstanding communication, presentation, and interpersonal skills, able to work with both technical and non-technical audiences
High attention to detail and dedication to quality and compliance
Proven ability to manage multiple priorities independently or as part of a team, and thrive in a dynamic environment
Experience working for an insurance carrier, MGA, or broker specializing in specialty lines
Hands-on knowledge of InsurTech solutions, digital distribution platforms, and customer engagement technology
Proficiency in Microsoft Office Suite
Bachelor’s degree; CPCU or related insurance coursework preferred

Responsibilities

Manage the full cycle of renters and travel insurance product development, ensuring alignment with market demands, business goals, and customer expectations.
Draft, update, and maintain Coverage Forms and Endorsements to ensure clarity of terms, reflect underwriting intent, and adhere to state regulations.
Gather and prioritize requirements from customers and stakeholders, shaping the product vision, roadmap, and strategy in partnership with key teams.
Work closely with Underwriting, Claims, Legal, and Technology departments to accelerate speed to market.
Stay informed about regulatory updates and legal changes affecting business lines and policy wording.
Oversee the rollout of product enhancements and new features, collaborating across departments.
Address questions from internal and external sources related to the field.
Conduct market research and analyze competitors to spot gaps, potential innovations, and emerging risks within specialty insurance.
Ensure renters and travel insurance products comply fully with relevant state, federal, and international laws—including filings, disclosures, policy terms, and claims procedures.
Support responses to Department of Insurance objections alongside Underwriting.
Review system requirements with IT for consistency with approved filings.
Act as the subject matter expert on all specialty insurance products, adapting to regulatory developments and best practices.
Monitor industry trends, regulatory shifts, and new technologies impacting renters and travel insurance.
Recommend and implement process improvements to boost product quality, compliance, and efficiency.
Design and execute strategies for ongoing innovation and differentiation in the specialty insurance market.