Senior/Product Development Manager (Health & Protection Insurance)

INCOME INSURANCE LIMITED; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading insurance company in Singapore is looking for a candidate to support the Product Lead in the end-to-end product development process. You will conduct market research, manage focus groups, and ensure compliance with regulatory developments. Ideal candidates have 5 to 10 years of experience in the insurance sector, particularly in health products, and possess strong analytical and communication skills.

Qualifications

• Degree in any field.
• 5 to 10 years in the insurance industry, preferably in Health and protection.
• Knowledge of Singapore health products and regulations.

Responsibilities

• Support the Product Lead in product development process.
• Conduct market research on product developments.
• Manage focus groups to test product ideas.

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

• Conducts 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
• At least 5 to 10 years in the insurance industry with experience in Health and protection (medishield) or similar product development/pricing/proposition development and project implementation, and/or have team leading experience
• 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