Insurance Product Developer

Placements24

Paarl

Hybrid

ZAR 650,000 - 1,150,000

Full time

6 days ago

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Benefits offered by this job

Fully remote work arrangement

Generous annual leave and study leave

Professional growth opportunities

Job summary

Placements24 is seeking an innovative Insurance Product Developer, ideally based near Paarl or open to remote work, to conceptualize, design, and launch new products while enhancing existing offerings. You will collaborate with actuarial, underwriting, marketing, and sales teams to ensure profitability, compliance, and competitiveness.

The role emphasizes market research, financial modeling, and translating insights into viable product concepts, with strong collaboration and communication across

Qualifications

Proven experience in insurance product development, management, or a closely related role.
Strong understanding of insurance principles, markets, and product lifecycles.
Excellent analytical skills with experience in market research and financial modeling.
Demonstrated ability to translate market insights into viable product concepts.
Strong collaboration and communication skills to work effectively across departments.
Bachelor's degree in Business, Finance, Marketing, or a related field.

Responsibilities

Conduct market research and competitor analysis to identify opportunities for new insurance products.
Design and develop innovative insurance product features, benefits, and pricing structures.
Collaborate with actuarial teams to model product profitability and risk profiles.
Work with underwriting and legal teams to ensure product compliance and operational feasibility.
Develop product launch strategies and support marketing and sales enablement efforts.
Monitor product performance post-launch and recommend adjustments or improvements.
Stay informed about industry trends, customer needs, and regulatory changes affecting product development.

Skills

Insurance product development

Market analysis

Financial modeling

Cross-functional collaboration

Communication

Education

Bachelor’s degree in Business/Finance/Marketing

Job description

About the Role

Our client is looking for an innovative and strategic Insurance Product Developer to join their forward-thinking team, ideally based near Paarl . This role is critical in 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 work collaboratively with actuarial, underwriting, marketing, and sales teams to ensure products are competitive, profitable, and compliant. The ideal candidate will possess a blend of market insight, analytical prowess, and creative problem-solving skills to drive product innovation.

Key Responsibilities

Conduct market research and competitor analysis to identify opportunities for new insurance products.
Design and develop innovative insurance product features, benefits, and pricing structures.
Collaborate with actuarial teams to model product profitability and risk profiles.
Work with underwriting and legal teams to ensure product compliance and operational feasibility.
Develop product launch strategies and support marketing and sales enablement efforts.
Monitor product performance post-launch and recommend adjustments or improvements.
Stay informed about industry trends, customer needs, and regulatory changes affecting product development.

Requirements

Proven experience in insurance product development , management, or a closely related role.
Strong understanding of insurance principles, markets, and product lifecycles.
Excellent analytical skills with experience in market research and financial modeling.
Demonstrated ability to translate market insights into viable product concepts.
Strong collaboration and communication skills to work effectively across departments.
Bachelor's degree in Business, Finance, Marketing, or a related field.

Benefits