Insurance Product Developer

Placements24; Kimberley; On-site; CAD 51,000 - 85,000; Full time

Benefits offered by this job

Competitive salary

Health and retirement plan

Growth opportunities

Dynamic work environment in Kimberley

Continuous learning and certifications

Job summary

Placements24 is seeking an innovative Insurance Product Developer to join their Kimberley team. You will conceptualize, design, and launch new insurance products that meet market needs and align with strategic objectives, working closely with actuarial, marketing, sales, and operations to bring products to market.

The role requires a deep understanding of insurance markets, regulatory standards, and customer needs, plus strong analytical and project management skills.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or related field.
• 5+ years of experience in product development, management, or marketing within the insurance industry.
• Strong understanding of various insurance lines (life, non-life, health).
• Excellent analytical, strategic thinking, and project management skills.

Responsibilities

• Research market trends, customer needs, and competitor offerings to identify product opportunities.
• Design and develop new insurance products, including policy terms, coverage features, and pricing structures.
• Collaborate with actuarial teams to ensure product viability and profitability.
• Work with marketing and sales teams to develop product launch strategies and materials.
• Ensure new products comply with regulatory requirements and legal standards.
• Monitor the performance of existing products and recommend enhancements.

Skills

Product development

Market research

Strategic thinking

Project management

Cross-functional collaboration

Education

Bachelor's degree in Business/Marketing/Finance

Job description

About the Role

Our client is seeking an innovative and strategic Insurance Product Developer to join their team in Kimberley . You will be responsible for conceptualizing, designing, and launching new insurance products that meet market demands and align with the company's strategic objectives. This role requires a deep understanding of the insurance market, customer needs, and regulatory requirements. You will collaborate closely with actuarial, marketing, sales, and operations teams to bring successful products to market. This is a fantastic opportunity to shape the future offerings of a leading insurance provider in the Northern Cape .

Key Responsibilities

• Research market trends, customer needs, and competitor offerings to identify product opportunities.


• Design and develop new insurance products, including policy terms, coverage features, and pricing structures.


• Collaborate with actuarial teams to ensure product viability and profitability.


• Work with marketing and sales teams to develop product launch strategies and materials.


• Ensure new products comply with all relevant regulatory requirements and legal standards.


• Monitor the performance of existing products and recommend enhancements or modifications.

Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field.


• 5+ years of experience in product development, management, or marketing within the insurance industry .


• Strong understanding of various insurance lines (e.g., life, non-life, health).


• Excellent analytical, strategic thinking, and project management skills.


• Proficiency in market research techniques and product lifecycle management.


• Strong communication and collaboration skills for cross-functional teamwork.

Benefits

• Competitive salary and performance-based bonuses.


• Comprehensive health insurance and retirement savings plan.


• Opportunities for professional growth and leadership development.


• A dynamic and innovative work environment in Kimberley .


• Support for continuous learning and industry certifications.