Insurance Product Developer

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

Benefits offered by this job

Competitive salary

Performance-based incentives

Health benefits

Generous annual leave

Personal development opportunities

Hybrid work arrangement

Job summary

Placements24 in Rustenburg, North West, invites an innovative Insurance Product Developer to design and manage new and existing insurance products. You will conduct market research, define product specs, set pricing and features, and collaborate with actuarial, legal, marketing, and sales teams to deliver market-ready offerings.

A strong focus on regulatory compliance, performance monitoring, and cross-functional project leadership will be key, with a hybrid work arrangement and opportunities

Qualifications

• Bachelor's degree or equivalent in Business, Finance, Marketing, or related field.
• Demonstrated experience in insurance product development or management.
• Strong understanding of insurance principles and customer needs.
• Excellent analytical, research, and project management skills.
• Ability to work across multiple departments and manage complex projects.

Responsibilities

• Conduct market research to identify opportunities for new or enhanced insurance products.
• Design product specifications including coverage, pricing, features, and target markets.
• Collaborate with actuarial, legal, marketing, and sales teams throughout the development lifecycle.
• Develop product training materials and support sales in promoting offerings.
• Monitor product performance and implement necessary adjustments or improvements.
• Ensure regulatory compliance and adherence to company policies.

Skills

Data analysis

Presentation skills

Cross-functional collaboration

Analytical thinking

Education

Bachelor's degree

Job description

About the Role

Our client is looking for an innovative and strategic Insurance Product Developer to join their team in Rustenburg. This role is responsible for designing, developing, and managing new and existing insurance products that meet market demands and company objectives. You will conduct market research, analyze competitor offerings, and collaborate with various departments to ensure successful product launches. This position is crucial for maintaining our client's competitive edge in the insurance industry within North West province.

Key Responsibilities

• Conduct thorough market research and analysis to identify opportunities for new insurance products and enhancements.
• Design product specifications, including coverage, pricing, features, and target markets.
• Collaborate with actuarial, legal, marketing, and sales teams throughout the product development lifecycle.
• Develop product training materials and support sales teams in understanding and promoting new offerings.
• Monitor product performance, gather feedback, and implement necessary adjustments or improvements.
• Ensure all product developments comply with regulatory requirements and company policies.

Requirements

• Bachelor's degree in Business, Finance, Marketing, or a related field.
• Demonstrated experience in insurance product development or management.
• Strong understanding of insurance principles, market dynamics, and customer needs.
• Excellent analytical, research, and project management skills.
• Ability to work effectively across multiple departments and manage complex projects.
• Proficiency in data analysis and presentation tools.

Benefits

• Competitive salary and performance-based incentives.
• Comprehensive health and wellness benefits.
• Generous annual leave and personal development opportunities.
• Hybrid work arrangement promoting work-life balance.
• An opportunity to shape the future of insurance products in a growing market.