Head of Embedded Insurance & Bancassurance P&L

Prosperity Placements; Cape Town; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Prosperity Placements in Cape Town seeks an experienced Business Owner: Insurance to take end-to-end commercial ownership of the organisation's insurance and bancassurance product portfolio, including funeral, device, asset protection, and other embedded products distributed through banking channels.

You will own the product P&L, shape the strategy, manage underwriter relationships, ensure FSCA licensing and FAIS obligations, and coordinate with Compliance, Legal, Risk, and Finance to embed

Qualifications

• Bachelor's degree in Commerce, Insurance, Risk Management, Actuarial Science or related field.
• Recognised insurance qualification advantageous.
• 810 years experience in bancassurance, embedded insurance, or insurance product management.
• Proven experience managing underwriter or cell captive relationships.
• Experience designing and distributing credit life, funeral, or asset protection products.
• P&L ownership experience for an insurance or comparable financial product line.

Responsibilities

• Own the insurance product P&L, setting and delivering annual commercial targets.
• Develop and execute the insurance business strategy, including product roadmap and growth initiatives.
• Design and maintain the insurance product suite in partnership with underwriters and insurance risk teams.
• Manage relationships with the groups licensed insurance entity and third-party underwriters.
• Coordinate with Compliance and Legal on FSCA licensing, FAIS, and Insurance Act obligations.
• Define distribution requirements across channels and embed insurance offers into customer journeys.
• Track claims experience, loss ratios, and customer sentiment to drive continuous improvement.
• Prepare performance reporting for Exco and product committees.
• Build and lead a small team as the portfolio scales.

Skills

P&L ownership

Commercial acumen

Negotiation

Relationship management

Regulatory awareness

Cross-functional collaboration

Clear communication

Education

Bachelor's degree in Commerce/Insurance/Risk Management/Actuarial Science

Insurance qualification advantageous

Job description

Prosperity Placements in Cape Town seeks an experienced Business Owner: Insurance to take end-to-end commercial ownership of the organisation's insurance and bancassurance product portfolio, including funeral, device, asset protection, and other embedded products distributed through banking channels.

You will own the product P&L, shape the strategy, manage underwriter relationships, ensure FSCA licensing and FAIS obligations, and coordinate with Compliance, Legal, Risk, and Finance to embed