Insurance Product Developer

Placements24; South Africa; Remote; ZAR 700,000 - 1,000,000; Full time

Benefits offered by this job

Remote work

Health benefits

Retirement benefits

Professional development budget

Job summary

Placements24 is seeking an innovative Insurance Product Developer to conceptualize and launch new insurance products for the South African market. This remote role collaborates with underwriting, actuarial, marketing and legal teams to ensure product viability and successful market entry.

You will assess market trends, customer needs, and regulatory landscapes to deliver competitive and profitable solutions, with a focus on design, pricing, policy wordings, and post-launch monitoring.

Qualifications

• Minimum 5 years' experience in insurance product development or related strategic role.
• Strong understanding of insurance principles and product lifecycle.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Proven ability to collaborate with cross-functional teams.
• Familiarity with South African insurance regulations.
• Strong project management and multi‑initiative handling.
• Experience with market analysis and financial modeling is valued.

Responsibilities

• Conduct market research to identify opportunities for new insurance products.
• Design and develop innovative products, including features, pricing, and wording.
• Collaborate with actuarial to model projections and profitability.
• Ensure regulatory compliance and alignment with risk appetite.
• Develop launch strategies and create marketing training materials.
• Monitor post-launch performance and adjust as needed.
• Stay updated on industry trends, competitors, and customer needs.

Skills

Market research

Analytical thinking

Strategic planning

Cross-functional collaboration

Regulatory knowledge

Project management

Financial modeling

Job description

About the Role

Our client is seeking an innovative and strategic Insurance Product Developer to conceptualize and launch new insurance products for the South African market, operating remotely. This role requires a deep understanding of market trends, customer needs, and regulatory landscapes to create competitive and profitable insurance solutions. You will collaborate closely with underwriting, actuarial, marketing, and legal teams to ensure product viability and successful market entry. This is an exciting opportunity for a creative thinker to shape the future offerings of a leading insurance provider and drive business growth from anywhere.

Key Responsibilities

• Conduct market research and analysis to identify opportunities for new insurance products.
• Design and develop innovative insurance products, including features, pricing, and policy wordings.
• Collaborate with actuarial teams to model financial projections and assess product profitability.
• Work with underwriting and compliance teams to ensure products meet regulatory requirements and risk appetite.
• Develop product launch strategies and support marketing and sales teams with product training materials.
• Monitor product performance post-launch and recommend adjustments as needed.
• Stay abreast of industry developments, competitor offerings, and emerging customer demands.

Requirements

• A minimum of 5 years of experience in insurance product development , management, or a related strategic role.
• Strong understanding of insurance principles, product lifecycle, and market dynamics.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Proven ability to collaborate effectively with cross-functional teams.
• Familiarity with South African insurance regulations and compliance requirements.
• Strong project management skills and the ability to manage multiple initiatives simultaneously.
• Experience with market analysis and financial modeling is highly valued.

Benefits

• Highly competitive remote salary with annual performance-based reviews.
• Fully remote work arrangement, offering significant flexibility and autonomy.
• Comprehensive health, wellness, and retirement benefits.
• Generous budget for professional development, conferences, and further education.
• Opportunity to make a significant impact on product strategy and company growth.