Insurance Product Developer

Placements24; Windsor Park (TN); Hybrid; USD 80,000 - 119,000; Full time

Job summary

Placements24 in the United Kingdom seeks an innovative Insurance Product Developer to conceptualize, design, and launch new insurance products in East London. You will collaborate with underwriting, actuarial, sales, and marketing to create competitive and profitable solutions with strong financial modeling and regulatory awareness.

The role emphasizes market-driven product design, cross-functional collaboration, and a hybrid work arrangement, enabling both office collaboration and remote work

Qualifications

• Bachelor's degree in Business, Finance, Marketing, or a related field.
• Proven experience in insurance product development, management, or a closely related role.
• Strong understanding of the insurance lifecycle, including underwriting, claims, and regulatory frameworks.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Strong project management and cross-functional collaboration abilities.
• Familiarity with market research and product lifecycle management methodologies.

Responsibilities

• Research market trends, customer needs, and competitor offerings to identify opportunities for new insurance products.
• Design and develop innovative insurance products, defining features, benefits, and target markets.
• Collaborate with actuarial teams to develop pricing models and financial projections.
• Work closely with legal and compliance teams to ensure all products meet regulatory requirements.
• Develop product launch strategies and create marketing and sales support materials.
• Monitor the performance of launched products and recommend adjustments or enhancements.

Skills

Analytical thinking

Strategic thinking

Problem solving

Cross-functional collaboration

Project management

Market research

Education

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

Job description

About the Role

Our client is seeking an innovative and strategic Insurance Product Developer to conceptualize, design, and launch new insurance products in East London. This role requires a deep understanding of market needs, regulatory requirements, and financial modeling to create competitive and profitable insurance solutions. You will collaborate with cross-functional teams, including underwriting, actuarial, sales, and marketing, to bring new products to market successfully. The ideal candidate is a creative thinker with strong analytical skills and a passion for innovation within the insurance industry. This is an exciting opportunity to shape the future offerings of the company in the Eastern Cape region, with the benefit of a hybrid work arrangement.

Key Responsibilities

• Research market trends, customer needs, and competitor offerings to identify opportunities for new insurance products.
• Design and develop innovative insurance products, defining features, benefits, and target markets.
• Collaborate with actuarial teams to develop pricing models and financial projections.
• Work closely with legal and compliance teams to ensure all products meet regulatory requirements.
• Develop product launch strategies and create marketing and sales support materials.
• Monitor the performance of launched products and recommend adjustments or enhancements.

Requirements

• Bachelor's degree in Business, Finance, Marketing, or a related field.
• Proven experience in insurance product development, management, or a closely related role.
• Strong understanding of the insurance lifecycle, including underwriting, claims, and regulatory frameworks.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Strong project management and cross-functional collaboration abilities.
• Familiarity with market research and product lifecycle management methodologies.

Benefits

• Competitive salary commensurate with experience and qualifications.
• Performance bonuses and opportunities for professional growth.
• Comprehensive health, retirement, and life insurance benefits.
• Support for continuous learning and relevant industry certifications.
• A hybrid work model offering a blend of office-based collaboration and remote flexibility in East London.