Insurance Product Developer

Placements24; Stellenbosch; Hybrid; ZAR 1,000,000 - 1,400,000; Full time

Benefits offered by this job

Hybrid work model

Health and retirement benefits

Professional development opportunities

Industry certifications

Job summary

Placements24 in Paarl is seeking an innovative Insurance Product Developer to design, launch, and manage new insurance products. This hybrid role collaborates with actuarial, underwriting, marketing and sales teams to bring concepts to fruition.

The ideal candidate will have 5+ years in insurance product development, strong product lifecycle knowledge, and excellent communication skills. Join a forward-thinking team shaping Paarl's insurance offerings with balanced remote and in-office work.

Qualifications

• Bachelor's degree in Business, Marketing, Finance or related field.
• 5+ years in insurance product development or related role.
• Strong understanding of product lifecycle and market dynamics.
• Excellent communication and presentation skills.

Responsibilities

• Conceptualize, design, and develop new insurance products from ideation through to launch.
• Conduct market research and competitive analysis to identify opportunities for product innovation.
• Collaborate closely with underwriting and actuarial teams to ensure product viability, profitability, and risk adequacy.
• Develop product specifications, policy wording, and pricing guidelines in partnership with relevant departments.
• Support marketing and sales teams in the creation of product collateral and training materials.
• Monitor the performance of existing products and recommend strategic adjustments or enhancements.

Skills

Insurance product development

Market analysis

Cross-functional collaboration

Project management

Communication skills

Education

Bachelor's degree in Business, Marketing, Finance

Job description

About the Role

Our client is seeking an innovative and market-savvy Insurance Product Developer to join their team in Paarl . This hybrid role is central to designing, launching, and managing new insurance products that meet evolving customer needs and market demands. You will collaborate cross-functionally with actuarial, underwriting, marketing, and sales teams to bring creative product concepts to fruition. This is an exciting opportunity for a strategic thinker to shape the future of our client's offerings in the competitive insurance market , blending remote efficiency with collaborative office sessions.

Key Responsibilities

• Conceptualize, design, and develop new insurance products from ideation through to launch.
• Conduct market research and competitive analysis to identify opportunities for product innovation.
• Collaborate closely with underwriting and actuarial teams to ensure product viability, profitability, and risk adequacy.
• Develop product specifications, policy wording, and pricing guidelines in partnership with relevant departments.
• Support marketing and sales teams in the creation of product collateral and training materials.
• Monitor the performance of existing products and recommend strategic adjustments or enhancements.

Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field.
• 5+ years of experience in insurance product development, management, or a closely related role.
• Strong understanding of insurance principles, product lifecycle management, and market dynamics.
• Excellent project management, analytical, and strategic thinking skills.
• Proven ability to collaborate effectively with cross-functional teams.
• Strong communication and presentation skills, with the ability to articulate complex product features.

Benefits

• Competitive salary and bonus structure reflecting expertise.
• Hybrid work model providing a balance of remote and in-office work.
• Comprehensive health, dental, and retirement benefits.
• Opportunities for professional development and industry certifications.
• Be part of a forward-thinking team shaping the future of insurance products in the Paarl region.