Insurance Product Development Specialist

Placements24

Stellenbosch

Hybrid

ZAR 600,000 - 900,000

Full time

2 days ago

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Benefits offered by this job

Competitive salary

Bonuses based on performance

Hybrid work model

Health, dental, vision benefits

Growth opportunities

Collaborative culture in Paarl

Job summary

Placements24 in Paarl, South Africa, seeks an Insurance Product Development Specialist to research market needs, design new products, and enhance existing offerings to stay ahead in a competitive landscape.

You will collaborate with actuarial, marketing, and legal teams to bring new products to life, ensuring regulatory compliance and profitable pricing within a hybrid work framework that balances focus time with teamwork.

Qualifications

Bachelor's degree in Business, Marketing, Finance, or a related field.
Minimum of 4 years of experience in insurance product development or management.
Solid understanding of the insurance market, product lifecycle, and regulatory environment.
Excellent communication and cross-functional collaboration abilities.
Experience working in a hybrid office environment.

Responsibilities

Conduct market research and competitor analysis to identify opportunities for new insurance products.
Design, develop, and launch innovative insurance products that align with business strategy and customer needs.
Collaborate with actuarial teams to ensure product pricing and profitability are sound.
Work with marketing and sales teams to develop product positioning, messaging, and launch plans.
Ensure compliance with all relevant regulations and legal requirements in product design.
Monitor the performance of existing products and recommend enhancements or adjustments.

Skills

Analytical thinking

Strategic thinking

Problem solving

Communication

Cross-functional collaboration

Hybrid work adaptation

Education

Bachelor's degree in Business/Marketing/Finance

Job description

About the Role

Our client is looking for an innovative and strategic Insurance Product Development Specialist to contribute to their offerings in Paarl . This role focuses on researching market needs, designing new insurance products, and enhancing existing ones to maintain a competitive edge. You will collaborate closely with actuarial, marketing, and legal teams to bring new products to life. This position is ideal for someone with a strong understanding of the insurance landscape and a passion for creating solutions that meet evolving customer demands, operating within a hybrid work framework that supports both focused work and team collaboration.

Key Responsibilities

Conduct market research and competitor analysis to identify opportunities for new insurance products.
Design, develop, and launch innovative insurance products that align with business strategy and customer needs.
Collaborate with actuarial teams to ensure product pricing and profitability are sound.
Work with marketing and sales teams to develop product positioning, messaging, and launch plans.
Ensure compliance with all relevant regulations and legal requirements in product design.
Monitor the performance of existing products and recommend enhancements or adjustments.

Requirements

Bachelor's degree in Business, Marketing, Finance, or a related field.
Minimum of 4 years of experience in insurance product development or management.
Solid understanding of the insurance market, product lifecycle, and regulatory environment.
Strong analytical, strategic thinking, and problem-solving skills.
Excellent communication and cross-functional collaboration abilities.
Experience working in a hybrid office environment.

Benefits