Regulatory Affairs Director – P&C Insurance

This is a fully remote position, open to applicants in Utah.

📋 Description

• Establish and spearhead the insurance regulatory affairs department at Nearmap.

• Formulate regulatory strategies and engage proactively with regulators and lawmakers.

• Provide guidance to insurance clients on optimal practices for utilizing Nearmap AI products in approved markets.

• Monitor bulletins, legislative bills, and regulatory activities that impact imagery and AI.

• Publish regulatory positions intended for customers and field teams.

• Serve as the designated Nearmap contact throughout the filing process, from initial consultations to objection responses and post-approval maintenance.

• Oversee registration and filing strategies, determining what Nearmap will submit and where.

• Collaborate with insurance carriers to create regulatory strategies.

• Direct the objection response strategy incorporating insights from actuarial and data science teams.

• Manage relationships with advisory organizations and subscriber mechanics.

• Develop and uphold a strategy for advisory organization registrations.

• Collaborate with the Legal team on issues related to privilege, contracts, and compliance.

• Lead Nearmap's rate filing programs comprehensively, encompassing scoping, material preparation, submission coordination, tracking, objection responses, and closure.

• Organize a library of rate filing materials including model memos, validation summaries, and methodology documentation.

• Maintain comprehensive knowledge of filing requirements, confidentiality policies, and filer eligibility on a state-by-state basis.

• Manage version control and re-filing necessitated by model updates, attributes, validation results, or feedback from regulators.

• Oversee regulatory filings across all states and maintain a database of rating plans utilizing aerially derived data.

• Keep track of activities from NAIC, NAMIC, and NCOIL concerning insurance AI and imagery.

• Advocate for Nearmap's perspective in industry events.

• Advise product and data science teams on the implications of filings prior to the release of new attributes and scores.

• Equip Sales, Sales Engineering, and Customer Success teams with precise information regarding filing history.

• Develop filing schedules, metrics, and playbooks tailored for the insurance sector.

• Report directly to the Insurance Product team and collaborate on a daily basis with data science, actuarial, legal, and customer-facing teams.

⛳️ Requirements

• 8 to 12 years of experience in property and casualty rate filings, regulatory affairs, or state product management.

• Significant experience in personal lines property.

• Practical experience in managing full filing lifecycles and directly interacting with state insurance regulators.

• Experience in California is a considerable advantage.

• Proven track record in preparing materials suitable for regulators, including filing narratives, methodology summaries, actuarial exhibits, statistical plans, forms, and rate pages.

• Bachelor's degree in insurance, actuarial science, public policy, or a related field, or equivalent professional experience.

• Familiarity with SERFF and multi-state prior-approval processes.

• Capability to translate model documentation and validation outputs into language acceptable to regulators.

• Ability to manage multiple deadlines concurrently.

• Proficiency in collaborating with carrier actuarial and regulatory teams.

• Excellent writing and communication skills.

• Actuarial credentials such as ASA or ACAS, or relevant regulatory training or certification are beneficial.

• Prior experience working on the regulatory side within a department of insurance is advantageous.

• Experience with AI, predictive models, or catastrophe model filings, along with familiarity with model governance frameworks, is beneficial.

• Experience establishing or maintaining advisory or rating organization status is advantageous.

🏝️ Benefits

• 4 additional "YOU" days off each year.

• Company-sponsored volunteering days.

• Generous parental leave policies.

• Work from Overseas Policy—travel the world from a list of approved cities while working.

• Discounted Private Health Insurance plans.

• A Nearmap subscription.

• Flexible remote working arrangements.

• An inclusive, supportive culture and a safe work environment.