Insurance Product Development Manager

About the Role

Our client is seeking an innovative and strategic Insurance Product Development Manager to lead their product innovation efforts, working entirely remotely. This role is responsible for the design, development, and launch of new insurance products and enhancements to existing offerings across various markets. You will conduct market research, analyze trends, and collaborate with internal stakeholders and external partners to create competitive and profitable insurance solutions that meet evolving customer needs and market demands nationwide.

Key Responsibilities

• Lead the end-to-end product development lifecycle, from concept generation and market analysis to product launch and performance monitoring.
• Conduct thorough market research and competitor analysis to identify opportunities for new product development and portfolio enhancement.
• Develop compelling business cases and product specifications for new insurance products, ensuring alignment with strategic objectives.
• Collaborate closely with underwriting, actuarial, marketing, sales, IT, and legal teams to ensure successful product design and implementation.
• Define pricing strategies, policy wordings, and operational requirements for new products.
• Monitor the performance of launched products, gathering feedback and implementing necessary adjustments or enhancements.

Requirements

• Extensive experience in insurance product development, management, or strategy roles.
• Strong understanding of the insurance market, including various product lines, regulatory environments, and customer needs.
• Demonstrated ability to lead cross-functional teams and manage complex projects.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional communication, presentation, and stakeholder management abilities.
• Experience working in a remote or distributed team environment is highly desirable.

Benefits

• Senior executive-level salary and performance-based bonuses.
• Fully remote working arrangement offering significant flexibility.
• Comprehensive benefits package including premium health insurance, life cover, and pension.
• Significant influence on company strategy and product direction.
• Opportunities for professional development and attending industry conferences.