Insurance Product Developer

Placements24; Bloemfontein; Hybrid; ZAR 600,000 - 1,000,000; Full time

Benefits offered by this job

Performance bonuses

Medical and retirement benefits

Professional development and industry/

Hybrid work model

Job summary

Placements24 is seeking an innovative Insurance Product Developer in Bloemfontein to design and refine insurance products for the South African market. You will lead market research, collaborate with actuarial, legal, and marketing teams, and drive products from concept to market while ensuring profitability and regulatory compliance.

The role emphasizes strategic thinking, cross-functional teamwork, and a focus on delivering competitive offerings.

Qualifications

• Minimum 4 years in insurance product development, management, or similar.
• Solid understanding of insurance principles, markets, and regulation.
• Strong analytical/problem-solving skills with data interpretation.
• Proven experience working with cross-functional teams.

Responsibilities

• Conduct market research and analyze industry trends to identify opportunities for new insurance products.
• Design, develop, and implement new insurance products and features across lines of business.
• Collaborate with actuarial teams to develop pricing models and ensure financial viability.
• Work with legal/compliance to meet regulatory requirements.
• Develop product documentation, marketing materials, and training guides.
• Monitor product performance and recommend improvements.

Skills

Analytical skills

Market research

Cross-functional collaboration

Project management

Regulatory knowledge

Education

Bachelor's degree in Business/Marketing/Finance

Job description

About the Role

Our client is looking for an innovative and analytical Insurance Product Developer to create and refine insurance products for the South African market, based in Bloemfontein. This strategic role involves market research, competitor analysis, and collaborating with actuarial, legal, and marketing teams to design insurance solutions that meet customer needs and achieve business goals. You will be instrumental in bringing new products to market and enhancing existing offerings, ensuring they are competitive, profitable, and compliant. This position offers a unique opportunity to shape the future of insurance products for our client, working within a collaborative environment that values creativity and strategic thinking.

Key Responsibilities

• Conduct market research and analyze industry trends to identify opportunities for new insurance products.
• Design, develop, and implement new insurance products and features across various lines of business.
• Collaborate with actuarial teams to develop pricing models and ensure financial viability of products.
• Work with legal and compliance departments to ensure all products meet regulatory requirements.
• Develop product documentation, marketing materials, and training guides.
• Monitor product performance, gather feedback, and recommend improvements to existing offerings.

Requirements

• Minimum of 4 years of experience in insurance product development, management, or a related role.
• Strong understanding of insurance principles, markets, and regulatory frameworks.
• Excellent analytical and problem-solving skills, with the ability to interpret data and market insights.
• Proven ability to collaborate effectively with cross-functional teams.
• Strong project management and organizational skills.
• Bachelor's degree in Business, Marketing, Finance, or a related field; relevant certifications are a plus for this Bloemfontein role.

Benefits

• Competitive salary and performance-related bonuses.
• Comprehensive medical and retirement benefits.
• Opportunities for professional development and industry training.
• A hybrid work model providing flexibility and work-life balance.
• A dynamic and forward-thinking work environment focused on innovation in the insurance sector.