Yao Wang
Group Director Product Development & Management Process Transformation @Mercury Insurance
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WORK HISTORY
Group Director Product Development & Management Process Transformation @Mercury Insurance
Orange County, CA, US
Oversee strategy and execution for the development of products with over $4.5 billion in annual written premiums. Lead cross-functional teams including IT, Product, Sale, and Underwriting to accelerate speed to market for product delivery, and collaborate with external partners to develop and manage the Usage Based Insurance product.
EDUCATION
Peking University
B.A., Mathematics
University of Michigan
Ph.D, Statistics
ABOUT YAO WANG
With extensive experience in both the US and Asian property and casualty insurance markets, I am dedicated to driving profitable growth through innovative product development, operational efficiency, and strategic management. By leveraging analytics and modeling, I make data-driven decisions that maximize impact. I am passionate about maintaining a dynamic balance between people, processes, and technology, ensuring the right mix to develop and execute strategies that foster sustainable growth in an evolving insurance landscape. My expertise lies in:Product Development & ManagementExtensive experience in product development and management across both personal lines (Private Passenger Auto, Homeowners, Umbrella) and commercial lines (Commercial Auto, Commercial Multi-Peril). Deep expertise in telematics and IoT applications for auto and property insurance. Led the development of products generating over $4.5 billion in annual written premium.Data Analytics & ModelingHands-on experience and leadership in database and data mart development, data processes, reserving and pricing indications, modeling methodologies, and analytics applications. Strong understanding of the challenges and opportunities in leveraging data-driven decisions to drive profitable growth. Broad experience with machine learning and predictive model applications across various regulatory environments.Operations & Process ImprovementExtensive focus on reducing product development cycles, increasing speed to market, and improving operational efficiency through the optimization of people, processes, and technology. Led cross-functional teams—including IT, Product, Sales, and Underwriting—to accelerate product delivery and enhance time-to-market.Leadership & ManagementProven experience in building and developing high-performing teams in both the US and China. Led cross-functional teams to enhance processes and drive operational efficiency. Fostered a culture of innovation, continuous learning, and improvement. Built and managed a team of 35+ professionals with diverse expertise in analytics, insurance policy forms, and process management.
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