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) Apply Job!