Insurance Product Development Manager

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Health, dental, vision insurance

Hybrid work model

Retirement savings plan

Career development opportunities

Job summary

Placements24 is seeking an innovative Insurance Product Development Manager to lead the end-to-end creation of new insurance products in Mbombela (Nelspruit). You will guide cross-functional teams from ideation through launch and ensure offerings meet market needs and regulatory standards.

The role emphasizes strategic thinking, market analysis, and strong leadership to shape the product portfolio, with hybrid work, competitive compensation, and growth opportunities.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or a related field.
• MBA is a plus for this leadership role.
• Minimum 6 years of experience in product management or development within the insurance industry.

Responsibilities

• Lead the end-to-end development lifecycle of new insurance products, from ideation to launch.
• Conduct comprehensive market research and competitive analysis to identify opportunities and threats.
• Collaborate with underwriting, actuarial, marketing, and legal teams to develop product specifications and strategies.
• Define product features, pricing structures, and distribution channels.
• Ensure all new products comply with relevant regulatory requirements and internal policies.
• Monitor the performance of existing products and recommend improvements or updates.

Skills

Product management

Leadership

Cross-functional collaboration

Strategic thinking

Regulatory understanding

Project management

Pricing strategy

Education

Bachelor's degree in Business/Marketing/Finance

MBA (plus)

Job description

About the Role

Our client is seeking an innovative and strategic Insurance Product Development Manager to join their team in Nelspruit . This role is responsible for conceptualizing, designing, and launching new insurance products that meet market demands and align with the company's growth objectives. You will lead cross-functional teams, conduct market research, analyze competitor offerings, and ensure that all products comply with regulatory standards. This is an exciting opportunity for a visionary leader to shape the future of our client's product portfolio and drive competitive advantage in the insurance landscape.

Key Responsibilities

• Lead the end-to-end development lifecycle of new insurance products, from ideation to launch.
• Conduct comprehensive market research and competitive analysis to identify opportunities and threats.
• Collaborate with underwriting, actuarial, marketing, and legal teams to develop product specifications and strategies.
• Define product features, pricing structures, and distribution channels.
• Ensure all new products comply with relevant regulatory requirements and internal policies.
• Monitor the performance of existing products and recommend improvements or updates.

Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field; MBA is a plus.
• Minimum of 6 years of experience in product management or development within the insurance industry.
• Proven track record of successfully launching new insurance products.
• Strong understanding of insurance markets, customer needs, and regulatory environments.
• Excellent leadership, project management, and cross-functional collaboration skills.
• Strong analytical and strategic thinking abilities.

Benefits

• Attractive salary and performance-based bonus incentives.
• Hybrid work model providing flexibility and work-life balance.
• Comprehensive health, dental, and vision insurance package.
• Retirement savings plan with company contributions.
• Significant opportunities for career growth and professional development.