Director, Strategic Business Development
Hartford, Ct, Us
Director, Strategic Business DevelopmentDirected multiple major product development programs, yielding hundreds of million in revenue (up to $14,000,000 in cost), from strategy through implementation and marketing – included funding and justification, primary/secondary market research and voice of the customer (VOC), competitive analysis, product definition, underwriting, pricing, forms, internal and shareholder communication, operations, claims and marketing. Updated AARP (a $2B block) to ensure product development met this major partner’s expectations. Directed countrywide product life-cycle management (grow, maintain, fix, exit) for a $100,000,000 specialty block. Managed Product Managers. Drove a strategic program, expanding market by 30% and yielding $150,000,000 in new yearly revenue. Whole scale rate structure, rate and forms revisions. Consolidated several projects to gain efficiencies. Approximately 70 employees on the program (over 100 people, including outsourcing.) Expanded target market by 20% of AARP’s customer base, by leading the Robust Customer Strategy, a multi-channel development program of 8 new and enhanced toy products (boats, ATVs, etc.) Implemented the 8 products simultaneously, in a new system, under an accelerated timeline.Improved homeowner eligibility by 9 points (from 82.6 to 91.5%) during 2004 to meet our contractual obligation to AARP and avoid $225K in penalties. Increased revenue by $1.5M.Achieved $7M increase in unanticipated net income with a rate increase in the Umbrella product.Managed direct employee personnel issues and hired and trained employees.