Insurance Product Development Specialist

About the Role

Our client is seeking an innovative and strategic Insurance Product Development Specialist to contribute to their product offerings in Norwich . This role involves researching market trends, identifying customer needs, and designing new insurance products and features that align with the company's growth objectives. You will collaborate closely with various departments, including underwriting, marketing, and legal, to bring successful products to market. This position is ideal for a creative thinker with a strong understanding of the insurance landscape and a desire to shape the future of their product portfolio within a flexible hybrid working model .

Key Responsibilities

• Conduct market research to identify opportunities for new insurance products and services.
• Design and develop innovative insurance products that meet market demands and regulatory requirements.
• Collaborate with underwriting, actuarial, legal, and marketing teams throughout the product lifecycle.
• Define product features, pricing strategies, and go-to-market plans.
• Monitor the performance of existing products and recommend improvements or adjustments.
• Stay informed about industry trends, competitor offerings, and regulatory changes.

Requirements

• Experience in product development , product management, or a related field within the insurance industry.
• Strong understanding of insurance principles, markets, and regulatory frameworks.
• Excellent analytical, strategic thinking, and project management skills.
• Effective communication and collaboration abilities, suited for a hybrid team structure.
• A degree in Business, Finance, Marketing, or a related discipline.

Benefits

• Competitive salary and performance-based incentives.
• A flexible hybrid work arrangement offering a blend of office and remote flexibility.
• Comprehensive health, dental, and vision benefits package.
• Generous retirement savings plan with employer matching.
• Opportunities for continuous learning and professional advancement in product strategy.