Senior/Product Development Manager (Health & Protection)

Income Insurance Limited; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading insurance company in Singapore is seeking an experienced professional to support the Product Lead in end-to-end product development. This role involves conducting market research, managing product specifications, and collaborating with stakeholders to launch new life and health products. Candidates should have 7-10 years of experience in the insurance industry, excellent analytical skills, and a solid understanding of Singapore's health products and regulations.

Qualifications

• 7 to 10 years in the insurance industry with experience in product development.
• Good experience with Singapore health products and regulations.
• Analytical and results-driven individual comfortable with tight timelines.

Responsibilities

• Conduct market research on new product developments.
• Draft and update product specifications and presentations.
• Manage focus groups to test new product ideas.

Skills

Product development

Market research

Stakeholder management

Analytical skills

Communication skills

Education

Degree in any field

Job description

Trending

Job Description

Supports the Product Lead in the end-to-end product development process including actively reviewing the life and health products, providing recommendations on enhancement, withdrawal or development of new products.

Key Responsibilities

• Conduct market research on new product developments and prepare analysis to provide insights on market
• Monitor market developments and identify trends, differentiating product proposition and competitive comparisons to drive and support new product development and related initiatives.
• Manage and conduct focus groups with distribution/customers to test out new product ideas or get feedback on existing products.
• Responsible for drafting and updating product specifications and prepare the product presentation for Life and Health Executive Committee’s evaluation and approval.
• Collaborate with key stakeholders from the product implementation workgroup (e.g. distribution, operations, actuarial and product marketing) to channel inputs into the product proposition, manage deliverables and resolve implementation issues.
• Responsible for drafting of new product launch training slides, drafting/updating of product related materials (such as product summaries and product factsheet) as well as reviewing of product/fund materials, policy contract and FAQs.
• Responsible on the communication and drafting of product launch announcements.
• Responsible on any post product launch monitoring.
• Manage and coordinate on regulatory developments and requirements related to product development
• Supports the Product Lead in the product review/performance and marketing initiatives such as campaigns and reviewing of materials, providing inputs, etc.

Qualifications

• Degree in any field
• 7 to 10 years in the insurance industry with experience in life and health product development/ pricing, exposure to proposition development and project implementation
• Good experience and knowledge in Singapore health products and regulations and the latest developments
• Individuals with strong insurance development/business experience will also be considered
• Good knowledge of life and health products
• Insurance qualifications would be advantageous
• Analytical, detailed, results driven and is comfortable to work with tight timelines
• Good knowledge of market trends and business oriented
• Good communicator and able to work with multiple stakeholders