Michael Olwig
Springfield,MO
Summary
Results-driven insurance professional solid track record in delivering quality work. Adaptable with a quick-learning ability and applying it effectively. Known for excellent communication and teamwork abilities, with a commitment to achieving company goals and delivering exceptional service. Passionate about continuous learning and professional development.
Overview
31
31
years of professional experience
Work History
Commercial Product Manager II -Business Auto and Workers Compensation
American National Insurance Company
Springfield, MO
02.2022 - Current
- Accountable for growth and profitability of the Workers Compensation ($78M inforce premium) books of business including year over year growth targets and proactively identifying and addressing key concerns.
- Managed our Business Auto ($170M inforce premium) and Commercial Package Policy ($30 inforce premium) in previously.
- Reviewed pricing, design features, and associated critical success factors including distribution, marketing, underwriting and claims to provide recommendations
- Collaborated closely with IT team to prioritize projects and ensure efficient implementation
- Guided functional areas in product design and management.
- Provided recommendations utilizing extensive expertise and identified areas for enhancement
- Makes recommendations for development of product enhancements based on competitor, field, and client feedback.
- Facilitated implementation of enhanced tools and tech to optimize product performance
- Validates and confirms effective execution of pricing and product initiatives.
- Leads cross-functional strategy teams, coordinating the Product Development process
- Collaborated with functional business areas to create project charters that defined execution plans for enhancing existing products and developing new product offerings
- Oversaw expansion of workers compensation into 15 additional states
- Monitors results with outside business partners.
Product Owner, Personal Auto
American National Insurance Company
Springfield, MO
02.2024 - Current
- Took charge of launching our agile initiative in P&C lines of business, as selected by senior management.
- Manages personal auto agile scrum team to streamline work planning and prioritization.
- Created program increment and sprint level objectives based on overarching product strategy and roadmap.
- Responsible for preserving the quality of product team backlog content and integrity.
- Developed prioritization and sequencing of backlog items, effectively communicating sequence to product team during backlog refinement and iteration planning.
- Conducted evaluation of agile team members to ensure efficiency and productivity within the team.
- Identified opportunities to streamline rate implementation within the line of business.
Senior Business Analyst
American National Insurance Company
Springfield, MO
09.2014 - 02.2022
- Documented, organized, presented, communicated, verified, and gained approval of requirements from business and technical stakeholders at all levels
- Developed system specifications for multiple projects
- Analyzed the impact of issues during elaboration, development and testing
- Developed and implemented rule-based underwriting strategies to integrate third-party data into the underwriting process.
- Saved costs and enhanced productivity through successful migration of three states' to our centralized administration system.
- Contributed to the establishment of standardized business requirements across multiple organizations.
- Led Business Process Improvement initiatives; saving the company $50,000 annually with a single project
- Proficient in Microsoft Product Suite, encompassing Azure DevOps, Visio, and SharePoint.
Senior Product Line Advocate—Personal Auto, Watercraft, Collector Car Insurance
American National Insurance Company
Springfield, MO
12.2009 - 02.2022
- Completed comprehensive review of roadside assistance program and identified over $300,000 in annual cost savings
- Played a key role in implementing the Product Development and Research process
- Generated actionable insights by identifying significant coverage and underwriting issues pertaining to American National Watercraft Program.
- Facilitated the seamless transfer of a book of business from independent agent to our Collector Car program.
Registered Representative
New York Life Insurance Company
St. Louis/Springfield, MO
08.2005 - 12.2009
- Prospected for new clients by actively participating in community and professional organizations, as well as engaging in business and personal drop-ins, cold calling, and mailing programs.
- Grew client base through fact-finding, clear and concise delivery of sales presentations, and client meetings with all key decision makers' participation.
- Identified clients' needs and developed customized solutions to meet clients' specific financial goals.
- Maintained expert knowledge of all technical products - Fixed and Variable Life Insurance, Fixed and Variable Annuities, Mutual Funds, Disability Income Insurance, and Long-Term Care Insurance.
- Council Member, 2009.
Regional Sales Manager
URI Information Services
St. Louis, MO
04.2002 - 08.2005
- Managed seven-state territory: Missouri, Kansas, Iowa, Nebraska, Illinois, Wisconsin, and Michigan.
- Generated new business leads through prospecting personal lines insurance companies via mailings, telephone prospecting, and personal visits.
- Gained 10 new major accounts within assigned territory from 2002 to 2005 and grew sales volume $750,000.
Territory Manager
Safeco Insurance Company
St. Louis, MO
02.1999 - 05.2002
- Hired, trained, developed, and supervised six underwriters.
- Managed profit and growth for our personal lines business in the State of Missouri, the fifth largest state in the company.
- Collaborated with state team members in claims, marketing, and commercial lines underwriting to build strong relationships with more than 300 agents.
- Prepared and presented quarterly results to upper management.
Personal Lines Underwriter
Safeco Insurance Company
St. Louis, MO
04.1997 - 02.1999
- Managed underwriting of automobile, homeowner, umbrella, and personal watercraft insurance policies for the states of Missouri, Kansas, Arkansas, and Louisiana.
Group Remarketing Manager
Enterprise Rent A Car
Dakotas/Nebraska
04.1996 - 02.1997
Group Car Sale Management Assistant
Enterprise Rent A Car
St. Louis, MO
10.1995 - 04.1996
Vehicle Remarketing and Administration
Enterprise Rent A Car
St. Louis, MO
05.1993 - 10.1995
Education
Bachelor of Science - Business Administration, Finance and Banking
University of Missouri–Columbia
Chartered Property and Casualty Underwriter (CPCU) -
Life Underwriter Training Council Fellow (LUTCF) -
Skills
- Confident, clear, and concise communication
- Strong analytical skills
- Knowledge of Commercial, Life, and Personal Insurance
- Competitive Analysis
- Project Planning
- Scrum Framework
- Product Roadmaps
- Cross Functional Leadership
- Data-driven decision-making
Community Involvement
PGA Tour Caddy, Korn Ferry Tour, Price Cutter Charity Championship, 2022, 2023, and 2024.
References
References available upon request.
Timeline
Product Owner, Personal Auto
American National Insurance Company
02.2024 - Current
Commercial Product Manager II -Business Auto and Workers Compensation
American National Insurance Company
02.2022 - Current
Senior Business Analyst
American National Insurance Company
09.2014 - 02.2022
Senior Product Line Advocate—Personal Auto, Watercraft, Collector Car Insurance
American National Insurance Company
12.2009 - 02.2022
Registered Representative
New York Life Insurance Company
08.2005 - 12.2009
Regional Sales Manager
URI Information Services
04.2002 - 08.2005
Territory Manager
Safeco Insurance Company
02.1999 - 05.2002
Personal Lines Underwriter
Safeco Insurance Company
04.1997 - 02.1999
Group Remarketing Manager
Enterprise Rent A Car
04.1996 - 02.1997
Group Car Sale Management Assistant
Enterprise Rent A Car
10.1995 - 04.1996
Vehicle Remarketing and Administration
Enterprise Rent A Car
05.1993 - 10.1995
Bachelor of Science - Business Administration, Finance and Banking
University of Missouri–Columbia
Chartered Property and Casualty Underwriter (CPCU) -
Life Underwriter Training Council Fellow (LUTCF) -
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