Open roleExternal
Insurance Product Development Manager
- norwich, norfolk, NR1 1AA, United Kingdom
- Permanent·Hybrid
- Full time
- £55,000 - £55,000 Per Annum
Job Description
About the Role
Our client is seeking an innovative and strategically minded Insurance Product Development Manager to join their team in Norwich , operating on a hybrid work basis. This role is central to conceptualizing, designing, and launching new insurance products that meet evolving market demands and customer needs. You will work collaboratively across departments, including marketing, underwriting, and actuarial, to ensure the successful development and implementation of profitable and competitive insurance solutions. This is a key position for driving growth and innovation within the Norfolk insurance market.
Key Responsibilities
- Lead the end-to-end development and launch of new insurance products, from ideation to market release.
- Conduct market research and competitor analysis to identify opportunities and trends in the insurance landscape.
- Collaborate with underwriting, actuarial, legal, and marketing teams to define product features, pricing, and strategy.
- Develop business cases and financial models to support product proposals.
- Ensure all new products comply with regulatory requirements and company standards.
- Monitor the performance of existing products and recommend enhancements or modifications.
Requirements
- Proven experience in product development or product management within the insurance industry .
- Strong understanding of insurance principles, market dynamics, and regulatory frameworks.
- Excellent strategic thinking, analytical, and project management skills.
- Demonstrated ability to collaborate effectively with cross-functional teams.
- Strong communication and presentation skills, capable of articulating complex ideas clearly.
- A relevant degree in Business, Marketing, Finance, or a related field is preferred.
Benefits
- Competitive salary and performance-based incentive program.
- Hybrid working model offering a flexible work-life balance.
- Comprehensive health, dental, and vision insurance.
- Generous pension plan and life assurance coverage.
- Opportunities for professional development and career advancement.