Insurance Vice President [31222]

Description

We are seeking a professional with deep expertise in the Connecticut insurance industry to guide the development of a new event insurance company focused on outdoor live entertainment venues and event organizers. The leader will bring significant experience in underwriting, policy development, and risk management, while also possessing a proven leadership background in the insurance field. This role will involve advising on strategy, product development, and compliance,ensuring the company’s offerings align with Connecticut’s regulatory environment leading to a successful business launch.

Primary Responsibilities include but are not limited to:

• Partner with the holding company's CEO and his chief of staff to:

• Assist in the development and refinement of underwriting policies for event insurance products.

• Develop the claims process, from assessment to payment, and ensure compliance with Connecticut laws.

• Outline operational processes for policy issuance, claims adjustment, collections, and all customer and third party interaction points.

• Partner with the finance team to develop financial planning/forecasting related to product offerings and pricing strategies.

• Research and plan for marketing and distribution channels of this new insurance offering

• Evaluate risk models for various event scenarios and provide recommendations on risk tolerance.

• Partner with existing stakeholders to perform an external environmental analysis, industry analysis, customer profiling and market analysis, and validate all other underlying assumptions.

• Partner with the legal team to draft and refine terms and conditions of policies to encapsulate all company commitments and exclusions.

• Complete a thorough and comprehensive business plan to ensure it receives certification from all local and state regulatory agencies.

• Launch a new insurance business line for the live events industry that meets the CEO's requirements.

• Support in building partnerships with relevant industry stakeholders to increase commercialization success and offer guidance on business development and growth opportunities specific to Connecticut.

• Provide strategic insight on managing evolving regulatory requirements to retain licensing in Connecticut.

• Benchmark to incumbents to leverage capacity, budgetary, and requirements planning to guide future scaling.
• Due to the nature and level of the role, work hours outside of traditional shift will be necessary to satisfy business needs

Required Skills:

• In-depth knowledge of Connecticut's insurance industry.

• Strong underwriting policy development and risk assessment skills.

• Strategic thinking and the ability to translate industry insights into actionable plans.

• Excellent communication and negotiation skills for stakeholder management.

• Analytical mindset for evaluating risk models, actuarial analysis, and financial performance.

• Expertise in compliance and legal requirements for the insurance industry.

Required Experience:

• 15+ years in the Connecticut insurance industry, with a focus on underwriting and insurance product development.

• Proven track record of managing insurance products, with preference for direct/indirect experience in B2B event offerings.

• Previous experience as a CEO or executive-level leadership in the insurance sector.

• Demonstrated experience in claims handling, policy issuance, and regulatory compliance in Connecticut.

Education:
• Bachelor's degree required in - Insurance, Risk Management, Business Administration, or a related field
• MBA or advanced degree in a relevant field preferred

Preferred certifications:
• Chartered Property Casualty Underwriter (CPCU)
• Associate in Risk Management (ARM)
• Certified Insurance Counselor (CIC)
• Certified Risk Manager (CRM)

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