Insurance Product Development Specialist

Placements24; Soweto; Hybrid; ZAR 700,000 - 1,000,000; Full time

Benefits offered by this job

Competitive salary

Remote-friendly

Professional development

Health & retirement plans

Innovative environment

Job summary

Placements24 is seeking an Insurance Product Development Specialist to research, design, and launch new insurance products in Soweto and the broader Gauteng market.

You will collaborate with actuarial, legal, and marketing teams to align product concepts with customer needs and market dynamics, and you will manage documentation, pricing, and lifecycle activities.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or a related field.
• Minimum of 4 years of experience in insurance product development, marketing, or a related role.
• Strong understanding of insurance principles, market dynamics, and customer needs.
• Excellent project management, analytical, and communication skills.
• Ability to work effectively in a cross-functional team environment.

Responsibilities

• Conduct market research to identify opportunities for new insurance products and features.
• Design and develop innovative insurance products, defining coverage, pricing, and target markets.
• Collaborate with actuarial, legal, and marketing teams throughout the product lifecycle.
• Develop product documentation, including policy wordings and marketing materials.
• Monitor the performance of launched products and recommend improvements or adjustments.

Skills

Market research

Project management

Analytical skills

Communication

Cross-functional teamwork

Insurance principles

Education

Bachelor's degree in Business, Marketing, Finance, or related field

Job description

About the Role

Our client is looking for an innovative and market-savvy Insurance Product Development Specialist to join their strategic team in Soweto . This role is central to researching, designing, and launching new insurance products that meet evolving customer needs and market demands. You will collaborate with cross-functional teams, including marketing, actuarial, and legal, to bring successful products to market. This is an exciting opportunity for a creative thinker to shape the future of our client's offerings within the diverse Gauteng market and contribute to sustainable business growth.

Key Responsibilities

• Conduct market research to identify opportunities for new insurance products and features.
• Design and develop innovative insurance products, defining coverage, pricing, and target markets.
• Collaborate with actuarial, legal, and marketing teams throughout the product lifecycle.
• Develop product documentation, including policy wordings and marketing materials.
• Monitor the performance of launched products and recommend improvements or adjustments.

Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field.
• Minimum of 4 years of experience in insurance product development, marketing, or a related role.
• Strong understanding of insurance principles, market dynamics, and customer needs.
• Excellent project management, analytical, and communication skills.
• Ability to work effectively in a cross-functional team environment.

Benefits

• Competitive salary and performance-based incentives.
• Flexible remote working options to foster creativity and productivity.
• Opportunities for professional development and continuous learning.
• Comprehensive benefits package including health and retirement plans.
• A forward-thinking work environment focused on innovation and market leadership.