Insurance Product Development Manager

About the Role

Our client is seeking a strategic and innovative Insurance Product Development Manager to lead the creation and enhancement of their insurance product portfolio in Milton Keynes . You will be responsible for market research, competitor analysis, and conceptualizing new insurance products that meet evolving customer needs and market opportunities. This role requires a blend of commercial acumen, market insight, and cross-functional collaboration to bring successful products to market. You will play a crucial part in shaping the future of our client's offerings within the competitive insurance landscape.

Key Responsibilities

• Lead the end-to-end product development lifecycle, from ideation and feasibility studies to launch and post-launch review.
• Conduct comprehensive market research and competitor analysis to identify market gaps and opportunities for new insurance products.
• Define product strategy, roadmaps, features, and specifications in collaboration with relevant stakeholders.
• Develop business cases and financial models to support new product initiatives and ensure commercial viability.
• Work closely with legal, compliance, actuarial, marketing, and sales teams to ensure successful product implementation and rollout.
• Monitor product performance, gather customer feedback, and drive continuous improvement initiatives for existing products.

Requirements

• Significant experience in insurance product development or management, preferably within the UK market.
• Strong understanding of the insurance value chain, product lifecycle, and regulatory environment.
• Excellent strategic thinking, market analysis, and business planning skills.
• Proven ability to manage complex projects and cross-functional teams effectively.
• Strong communication, presentation, and stakeholder management skills.
• A degree in business, finance, marketing, or a related field is advantageous.

Benefits

• Competitive salary and performance-based bonus structure.
• Hybrid working arrangement providing flexibility between office and home.
• Comprehensive health and wellness benefits package.
• Generous pension contributions and life insurance.
• Significant opportunities for career progression and professional development in product management .