Product Manager - Telematics

We are recruiting for a Telematics Pricing Manager to own our telematics proposition, generating insight from the telematics data team and driving actionable insights that will improve product performance. The role will be responsible for setting and achieving trading KPIs in line with business strategy whilst ensuring regulatory compliance. This is a pivotal role in the SBG growth strategy and product offering. You will take ownership of the product and ensure a customer centric approach to servicing our policies.

What you'll be responsible for:

• Product ownership, responsible for setting and achieving target KPIs.
• Maintaining Loss Ratio KPIs and ultimate loss ratio indication system to support profitability decisions.
• Developing value from telematics and customer engagement tools.
• Creation and maintenance of monitoring tools.
• Ensuring costs and income are accurately managed.
• Keeping track of market movements through the data teams market analysis and benchmarking.
• Collaborating with other areas of the business to put in place trials to assess performance of changes.
• Taking a customer focused approach to decision making.
• Development of a rewards strategy to reduce customer road risk.

What you'll need:

• Further qualifications are desirable (e.g. Master’s degree, Project Management qualification, IFoA, CII, etc.).
• Experience of Motor Insurance - Telematics.
• Competent digesting data to review performance and making decisions using data provided by the telematics data team.
• Trading management.
• Excellent stakeholder management skills.
• Experience managing projects.
• Knowledge of insurance products, customer segments and market dynamics is desirable.

Our Benefits:

• Hybrid working – 2 days in the office and 3 days working from home.
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus.
• Pension scheme – 5% employee, 6% employer.
• Flexible working – we will always consider applications for those who require less than the advertised hours.
• Flexi-time.
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs.
• Electric vehicle – salary sacrifice scheme.
• 100’s of exclusive retailer discounts.
• Professional wellbeing, health & fitness app - Wrkit.
• Enhanced parental leave, including time off for IVF appointments.
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary.
• 25% Car Insurance Discount.
• 20% Travel Insurance Discount.
• Cycle to Work Scheme.
• Employee Referral Scheme.
• Community support day.

About Somerset Bridge Group

Somerset Bridge Group is dedicated to delivering fair products and innovative services in the insurance industry. Our group focuses on underwriting, broking, and claims handling to provide sustainable and innovative insurance solutions. Somerset Bridge Insurance Services Limited, operating under GoSkippy and Vavista, offers insurance coverage to over 700,000 customers. Somerset Bridge Limited handles underwriting and claims, processing almost 50,000 claims annually. Somerset Bridge Shared Services Limited provides essential support functions to ensure operational efficiency and compliance. With a strong commitment to values, culture, and customer service excellence, Somerset Bridge Group is recognised for its industry awards and growth. Join us to be part of a dynamic team that fosters creative thinking and personal development.

We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special.