Insurance Product Development Manager

Placements24; Randburg; Hybrid; ZAR 1,000,000 - 1,800,000; Full time

Benefits offered by this job

Executive salary & bonus

Hybrid work model

Medical aid & retirement plans

Leadership development

Strategic impact opportunity

Job summary

Placements24 is seeking an innovative Insurance Product Development Manager in Randburg to lead the creation and enhancement of insurance offerings. You will oversee the full product lifecycle from ideation to launch, aligning with market trends, customer needs, and regulatory requirements.

You will collaborate with underwriting, actuarial, legal, and marketing teams; define strategy, pricing, and features; and drive profitable growth through strong leadership and cross-functional execution.

Qualifications

• Significant experience in insurance product development or management.
• Strong understanding of insurance principles, markets, and regulatory environments.
• Proven ability to conduct market analysis and translate insights into successful product strategies.
• Excellent project management, leadership, and cross-functional collaboration skills.
• Strategic thinking and a passion for innovation in the financial services industry.
• Relevant professional qualifications (ACII, FLMI) are highly advantageous.

Responsibilities

• Conduct market research and competitive analysis to identify opportunities for new insurance products.
• Define product strategy, features, and pricing structures in alignment with business objectives.
• Collaborate with underwriting, actuarial, legal, and marketing teams throughout the product development process.
• Develop and execute product launch plans, including training materials and marketing collateral.
• Monitor product performance, profitability, and customer feedback, making necessary adjustments.
• Ensure all new and existing products comply with relevant regulations and legal requirements.

Skills

Product development

Market analysis

Leadership

Cross-functional collaboration

Strategic thinking

Regulatory understanding

Education

ACII

FLMI

Job description

About the Role

Our client is seeking an innovative and strategic Insurance Product Development Manager to lead the creation and enhancement of their insurance offerings in Randburg. This role requires a deep understanding of market trends, customer needs, and regulatory landscapes to design competitive and profitable insurance products. You will oversee the entire product lifecycle, from ideation and research to launch and ongoing management. This is an exceptional opportunity for a visionary leader to shape the future of the company's product portfolio and drive market growth in the competitive Gauteng insurance sector.

Key Responsibilities

• Conduct market research and competitive analysis to identify opportunities for new insurance products.
• Define product strategy, features, and pricing structures in alignment with business objectives.
• Collaborate with underwriting, actuarial, legal, and marketing teams throughout the product development process.
• Develop and execute product launch plans, including training materials and marketing collateral.
• Monitor product performance, profitability, and customer feedback, making necessary adjustments.
• Ensure all new and existing products comply with relevant regulations and legal requirements.

Requirements

• Significant experience in insurance product development or management.
• Strong understanding of insurance principles, markets, and regulatory environments.
• Proven ability to conduct market analysis and translate insights into successful product strategies.
• Excellent project management, leadership, and cross-functional collaboration skills.
• Strategic thinking and a passion for innovation in the financial services industry.
• Relevant professional qualifications (e.g., ACII, FLMI) are highly advantageous.

Benefits

• Attractive executive-level salary and bonus structure.
• Hybrid work model offering flexibility and work-life integration.
• Comprehensive benefits package including top-tier medical aid and retirement plans.
• Significant opportunities for professional growth and leadership development.
• Chance to significantly impact the company's strategic direction and product innovation.