Assistant Manager, Product Development (General Insurance Product)

Blue Cross (Asia-Pacific) Insurance Ltd; Hong Kong; On-site; HKD 520,000 - 820,000; Full time

Job summary

Blue Cross (Asia-Pacific) Insurance Limited is seeking a seasoned product development professional to conceive, develop, implement, support and enhance life, health and wellness insurance schemes and products. You will work across internal teams to deliver competitive offerings through multiple channels and ensure alignment with business objectives.

Key duties include coordinating product materials, monitoring development, drafting policy provisions, preparing launch packs, and performing market

Qualifications

• Solid understanding of general insurance products, especially health and life lines.
• Strong ability to communicate, present, and analyze data for decision making.
• Experience in drafting policy provisions and coordinating product launches.

Responsibilities

• Assist in the design of general insurance products (medical or non-medical).
• Coordinate product development with actuarial, operations, legal, compliance, marketing and IT.
• Prepare product specs, approval documents, launch packs, and risk assessments.
• Monitor product development and approval processes; ensure alignment with business goals.
• Develop training tools and materials for product launches.
• Conduct market research and competitive analysis regularly.

Skills

Product knowledge

Communication

Project management

Microsoft Office

Education

Degree in Actuarial/Marketing/Business Administration

Job description

We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we’d love to hear from you.

About the Role

Responsible for conceiving, developing, implementing, supporting, and enhancing life, health, and wellness insurance schemes and products

FIND YOUR 'BETTER' AT Blue Cross

We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we’d love to hear from you.

About the Role

Responsible for conceiving, developing, implementing, supporting, and enhancing life, health, and wellness insurance schemes and products

Duties / Accountabilities

• Assist department head on the product design of general insurance (medical or non-medical products); to develop and enhance full spectrum of product development of general insurance (medical or non-medical products) distributed via different channels including agency, direct, agents & brokers and bancassurance channels;
• Assist department head and superior to monitor the product development, product implementation and product approval process and work closely with relevant divisions / departments, including but not limited to actuarial, operations, legal and compliance, distribution channels, marketing, finance and IT to provide innovative and quality products and service to customers according to the company’s business objectives;
• Prepare presentation deck, product specification, product approval documents, implementation schedule, policy provisions write-up, launch pack, pre/post-launch product evaluation and relevant risk assessment, guidelines and procedures throughout the product development stage;
• Coordinate and monitor the delivery of product materials, training tools, product briefing prior the product launch;
• Assist division / department head to prepare recommendations to management by closely reviewing and monitoring the performance and competitiveness of the existing, newly launched and revamped products on an ongoing basis;
• Conduct market research and prepare competitive analysis on regular basis

Competencies

• Solid product knowledge in general insurance products (medical or non-medical), especially on digital insurance products
• Strong communication / presentation / analytical / project management skills and the ability to build positive working relationships is a must
• Familiar with sales, marketing, underwriting, claims processes in the insurance industry is essential
• Self-motivated, organized, service oriented, good team player with strong sense of responsibility
• Experience in drafting policy provisions
• Proficiency in Microsoft Word / Excel / PowerPoint / Outlook

Education/Work Experience

• Degree holder in Actuarial, Marketing, Business Administration or related disciplines;
• Min. 5 years of relevant experience in insurance product development & implementation of general insurance products;
• Holder of IIQAS / ACII / ANZIIF designations or other related professional/insurance status is preferred
• Candidates with GI (non-medical or medical) product knowledge in sales, underwriting and operations (i.e. non-product development functions) with at least 2 – 3 years of experience are also welcome
• Candidates with non-GI product knowledge (e.g. Life products), with product development experience at least 2 – 3 years are also welcome

Others:

• You are required to obtain the relevant license(s) if your job involves regulated activities

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

Unlock job insights

Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) is a subsidiary of AIA Group Limited.

With over 50 years of operational experience in the insurance industry, Blue Cross provides a comprehensive range of products and services including medical, travel, and general insurance, which cater to the needs of both individual and corporate customers.

To keep pace with the development of the Company, we are now inviting self-motivated and competent individuals to apply for the following position:

Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) is a subsidiary of AIA Group Limited.

With over 50 years of operational experience in the insurance industry, Blue Cross provides a comprehensive range of products and services including medical, travel, and general insurance, which cater to the needs of both individual and corporate customers.

To keep pace with the development of the Company, we are now inviting self-motivated and competent individuals to apply for the following position: