Insurance Product Development Specialist

About the Role

Our client is looking for an innovative and market-aware Insurance Product Development Specialist to contribute to their product strategy in Plymouth . This exciting role involves researching market trends, identifying customer needs, and designing new insurance products and enhancing existing ones. You will work closely with underwriting, marketing, and sales teams to bring profitable and competitive insurance solutions to market. The ideal candidate possesses a blend of analytical skills, creativity, and a deep understanding of the insurance landscape, playing a key role in the company's growth and competitive edge.

Key Responsibilities

• Conduct market research and competitive analysis to identify opportunities for new insurance products.
• Design and develop innovative insurance products that meet customer needs and market demands.
• Collaborate with actuarial, underwriting, and legal teams to ensure product viability and compliance.
• Develop product documentation, including policy wordings and marketing materials.
• Monitor the performance of launched products and recommend improvements or adjustments.

Requirements

• Experience in product development , product management, or a related role within the insurance industry .
• Strong understanding of insurance principles, market dynamics, and customer needs.
• Excellent analytical and research skills, with the ability to translate data into product strategies.
• Effective communication and collaboration skills to work with cross-functional teams.
• A degree in Business, Marketing, Finance, or a related discipline.

Benefits

• Competitive salary and potential for bonuses based on product success.
• Comprehensive health, dental, and pension benefits.
• Opportunities for continuous learning and professional development in product innovation.
• Hybrid working model providing flexibility in work location.
• A creative and collaborative environment in beautiful Plymouth .