Insurance Product Developer

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

Benefits offered by this job

Competitive salary

Bonus program

Professional development

Sandton location

Strategic influence

Job summary

Placements24 is seeking an innovative Insurance Product Developer in Sandton to design, launch, and manage new insurance products. You will work with marketing, sales, actuarial, and legal teams to bring offerings to market while considering regulatory and competitive landscapes.

You will lead market research, define product features and pricing, and ensure profitability and compliance across the product lifecycle.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or a related field.
• Proven experience in insurance product development, management, or strategy.
• Strong understanding of the insurance industry, market dynamics, and customer needs.
• Excellent analytical, project management, and communication skills.

Responsibilities

• Conduct market research and feasibility studies to identify opportunities for new insurance products.
• Design product features, benefits, pricing structures, and policy wordings.
• Collaborate with actuarial teams to ensure profitability and risk adequacy of new products.
• Develop go‑to‑market strategies and support materials for sales and marketing teams.
• Ensure compliance with all regulatory requirements throughout the product lifecycle.
• Monitor the performance of existing products and recommend improvements or modifications.

Skills

Market research

Product design

Pricing

Regulatory knowledge

Stakeholder management

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 design, launch, and manage new insurance products in Sandton. This role requires a deep understanding of market needs, regulatory landscapes, and competitive offerings to create profitable and customer-centric insurance solutions. You will work closely with cross‑functional teams, including marketing, sales, actuarial, and legal, to bring new products to market successfully in the dynamic Gauteng financial hub. This is a key position for driving business growth and expanding the company's product portfolio.

Key Responsibilities

• Conduct market research and feasibility studies to identify opportunities for new insurance products.
• Design product features, benefits, pricing structures, and policy wordings.
• Collaborate with actuarial teams to ensure profitability and risk adequacy of new products.
• Develop go‑to‑market strategies and support materials for sales and marketing teams.
• Ensure compliance with all regulatory requirements throughout the product lifecycle.
• Monitor the performance of existing products and recommend improvements or modifications.

Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field.
• Proven experience in insurance product development, management, or strategy.
• Strong understanding of the insurance industry, market dynamics, and customer needs.
• Excellent analytical, project management, and communication skills.
• Ability to work collaboratively with diverse teams and manage complex projects.
• Knowledge of regulatory frameworks governing insurance products is essential.

Benefits

• Competitive salary and comprehensive benefits package.
• Performance bonuses tied to product success and company growth.
• Opportunities for professional development and continuous learning.
• A dynamic and innovative work environment in the heart of Sandton .
• Significant influence on the company's product strategy and market presence.