Open roleExternal
Insurance Product Developer
- bristol, south west england, BS1 4SJ, United Kingdom
- Remote
- Full time
- £70,000 - £70,000 Per Annum
Job Description
About the Role
Our client is seeking an innovative and strategic Insurance Product Developer to join their fully remote product management team. This role is responsible for conceptualizing, designing, and launching new insurance products and enhancing existing ones to meet evolving market demands and customer needs. You will collaborate closely with actuarial, underwriting, sales, and marketing teams to ensure product viability, profitability, and market competitiveness. This is an exceptional opportunity for a creative thinker with a deep understanding of the insurance landscape to drive product strategy and innovation within a flexible, home-based work environment.
Key Responsibilities
- Lead the development lifecycle for new insurance products from ideation through to market launch.
- Conduct market research, competitor analysis, and customer needs assessments to identify product opportunities.
- Collaborate with actuarial teams to develop pricing strategies, financial projections, and policy wordings.
- Work with underwriting and operations to ensure smooth product implementation and administration.
- Develop product strategy documentation, business cases, and launch plans.
- Monitor product performance post-launch and implement necessary adjustments or enhancements.
Requirements
- Bachelor's degree in Business, Finance, Marketing, or a related field; advanced degree preferred.
- Minimum of 5 years of experience in insurance product development, management, or a related strategic role.
- Strong understanding of insurance principles, markets, and regulatory environments across various lines of business.
- Excellent analytical, strategic thinking, and problem-solving skills.
- Proven ability to manage complex projects and cross-functional teams.
- Exceptional communication and presentation skills, with the ability to influence stakeholders.
Benefits
- Competitive salary and performance-driven bonuses.
- Fully remote work setup, offering significant flexibility.
- Comprehensive healthcare benefits package.
- Generous paid time off and holiday allowance.
- Opportunities for professional growth and attending industry events.
- A collaborative and innovative product development culture.