Job Title: Product Owner Commercial & Specialty Insurance (Underwriting & Actuarial)

Location: Gurugram (Gurgaon), India

Experience: 4 to 10 Years

Employment Type: Full time

Position Overview

We are seeking an experienced Product Owner with deep functional expertise in Commercial and Specialty Insurance to lead the conception, design, and execution of our next-generation underwriting, rating, and risk management platforms.

In this role, you will bridge the gap between business stakeholders (Underwriters, Actuaries, Risk Engineers, Reinsurance Officers) and engineering teams. You will drive digital transformation across core lines of business, including Workers' Compensation, Professional Liability (E&O;/D&O;), Cyber Insurance, and Reinsurance (Treaty/Facultative), translating complex underwriting logic, pricing algorithms, and actuarial models into high-impact digital solutions.

Key Responsibilities

Product Ownership & Agile Delivery

- Own, refine, and prioritize the product backlog for insurance platform modules, aligning with enterprise business goals and digital transformation roadmaps.
- Translate complex underwriting rules, rating algorithms, and actuarial pricing models into clear Epics, User Stories, and Acceptance Criteria (Gherkin/BDD).
- Participate actively in Agile ceremonies: Sprint Planning, Backlog Refinement, Daily Standups, Sprint Reviews, and Retrospectives.
- Define and track key business metrics (Loss Ratios, Quote-to-Bind Ratio, Underwriter Straight-Through Processing (STP) rate, and turnaround time).
- Lead User Acceptance Testing (UAT), operational readiness, and feature rollouts with underwriting operations and broker partners.

Domain Leadership (Underwriting & Actuarial)

- Underwriting Automation: Design automated intake, triage, risk assessment, and decision engines for specialty commercial lines.
- Actuarial & Rating Integration: Partner with Actuarial teams to integrate complex rate-making algorithms, rating tables, loss cost models,



and exposure curves into digital rating platforms.

- Specialty Lines Expertise:
- Workers' Compensation: Formulate rules around payroll classifications, experience modification factors (EMR), class codes, and regulatory filings.
- Professional Liability: Structure coverage, indemnity limits, retroactive dates, and deductible structures across diverse professional service segments.
- Cyber Insurance: Embed dynamic security assessments, vulnerability scans, aggregate accumulation tracking, and ransomware-specific risk indicators into underwriting workflows.
- Reinsurance: Build workflows for ceding calculations, proportional/non-proportional treaty structures, retention limits, facultative placements, and bordereau generation.

Required Qualifications & Experience

- Experience: 5 to 10 years in the insurance industry as a Product Owner, Technical Product Manager, or Lead Business Analyst working on Underwriting/Actuarial/Core Insurance platforms.
- Domain Breadth: Strong functional understanding of commercial property & casualty (P&C;) or specialty lines, specifically:
- Underwriting workflows & risk appetite design
- Actuarial pricing models, rate filing logic, and loss reserving principles
- Workers' Compensation, Professional Liability (E&O;/D&O;), and Cyber Insurance
- Reinsurance mechanisms (Treaties, Facultative, Excess of Loss, Quota Share)
- Agile Competency: Solid hands-on experience with Agile/Scrum delivery frameworks, JIRA, Confluence, and backlog prioritization techniques (MoSCoW, WSJF).
- Technical Interface: Ability to communicate technical specifications (APIs, data models, rating engines, third-party underwriting data feeds) with engineering and QA teams.
- Education: Bachelors or Masters degree in Engineering, Computer Science, Actuarial Science, Finance, Insurance, or equivalent.

Good to Have / Preferred

- Relevant insurance certifications: CPCU, AINS, FCII/ACII, or Actuarial exam credits (IFoA / IAI / CAS / SOA).
- Certified Scrum Product Owner (CSPO), Professional Scrum Product Owner (PSPO), or SAFe POPM.

📌 Product Owner_Underwriting_Acturial_Cyber Insurance_Liability (Gurugram)
🏢 Crescendo Global Leadership Hiring India
📍 Gurugram