Insurance Product Developer

Placements24; LegKraal Gate; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary

Medical, dental, and vision insurance

Retirement savings plan

Career growth opportunities

Job summary

Placements24 in Mahikeng is seeking an Insurance Product Developer to conceptualize, design, and launch new insurance products and enhance existing offerings to meet evolving market demands and customer needs.

You will conduct market research, analyze competitors, and collaborate with underwriting, actuarial, legal, and marketing teams to ensure successful product launches and ongoing performance optimization.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or a related field; MBA or advanced degree preferred.
• Minimum of 5 years of experience in product development, product management, or a related role within the insurance industry.
• Strong understanding of insurance markets, products, and regulatory environments.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Proven ability to manage complex projects from conception to launch.
• Exceptional communication and stakeholder management skills.

Responsibilities

• Research market trends, customer needs, and competitor activities to identify opportunities for new insurance products.
• Design and develop innovative insurance products, including coverage details, pricing structures, and policy terms.
• Collaborate with underwriting, actuarial, legal, and marketing teams to bring products to market.
• Develop product launch plans, marketing materials, and sales training collateral.
• Monitor product performance, gather customer feedback, and make recommendations for product enhancements.
• Ensure all product development activities comply with relevant regulations and internal policies.

Skills

Product development

Product management

Insurance knowledge

Stakeholder management

Analytical thinking

Project management

Communication

Education

Bachelor's degree in Business/Marketing/Finance

Job description

About the Role

Our client is seeking an innovative and strategic Insurance Product Developer to join their forward-thinking team in Mahikeng . This role is responsible for conceptualizing, designing, and launching new insurance products and enhancing existing ones to meet evolving market demands and customer needs. You will conduct market research, analyze competitor offerings, and collaborate with various departments, including underwriting, marketing, and sales, to ensure product success. This is an exciting opportunity for a creative professional to shape the future of the company's product portfolio and drive business growth.

Key Responsibilities

• Research market trends, customer needs, and competitor activities to identify opportunities for new insurance products.
• Design and develop innovative insurance products, including coverage details, pricing structures, and policy terms.
• Collaborate with underwriting, actuarial, legal, and marketing teams to bring products to market.
• Develop product launch plans, marketing materials, and sales training collateral.
• Monitor product performance, gather customer feedback, and make recommendations for product enhancements.
• Ensure all product development activities comply with relevant regulations and internal policies.

Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field; MBA or advanced degree preferred.
• Minimum of 5 years of experience in product development , product management, or a related role within the insurance industry .
• Strong understanding of insurance markets, products, and regulatory environments.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Proven ability to manage complex projects from conception to launch.
• Exceptional communication and stakeholder management skills.

Benefits

• Highly competitive salary and performance-based bonus structure.
• Comprehensive medical, dental, and vision insurance coverage.
• Generous paid time off and retirement savings plans.
• Opportunities for professional growth and leadership development.
• A dynamic and innovative work environment in Mahikeng , contributing to industry advancements.