Insurance Product Developer

About the Role

Our client is looking for an innovative and market-aware Insurance Product Developer to join their forward-thinking team in Southampton . This role is key to driving business growth by designing, developing, and launching new insurance products that meet customer needs and market demands. You will collaborate closely with actuarial, marketing, sales, and legal teams to ensure product viability, compliance, and profitability. This is a fantastic opportunity for a creative thinker with a deep understanding of the insurance landscape to shape the future product portfolio, working in a dynamic hybrid environment that supports collaboration and strategic development in Southampton .

Key Responsibilities

• Research market trends, customer needs, and competitor offerings to identify opportunities for new insurance products.
• Design and develop new insurance products from concept through to launch, ensuring alignment with business strategy and objectives.
• Collaborate with actuarial teams to ensure accurate pricing, reserving, and financial projections for new products.
• Work with legal and compliance departments to ensure all products meet regulatory requirements and company standards.
• Develop product documentation, marketing materials, and training guides for sales and customer service teams.
• Monitor the performance of existing products and recommend enhancements or modifications.

Requirements

• Demonstrable experience in product development or management within the insurance industry.
• Strong understanding of various insurance lines, market dynamics, and regulatory frameworks.
• Excellent analytical, strategic thinking, and project management skills.
• Ability to work collaboratively with cross-functional teams.
• Strong communication and presentation skills to articulate product strategies and features.
• A degree in Business, Finance, Marketing, or a related field is preferred.

Benefits

• Competitive salary and bonus structure.
• Opportunity to influence product strategy and shape the company's offerings.
• Hybrid working model offering flexibility.
• Comprehensive benefits package including health and pension schemes.
• Professional development opportunities and continuous learning support.