Insurance Product Innovation Lead (Hybrid)

Placements24; Stellenbosch; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary and bonuses

Medical aid and retirement fund

Hybrid work arrangement

Growth and leadership development

Relocation assistance may be available

Job summary

Placements24 in Paarl, Western Cape is seeking an Insurance Product Development Manager to lead the ideation, design, and launch of innovative insurance products. You will partner with marketing, actuarial, legal and sales to ensure viability, profitability and compliance.

The role demands strategic thinking, strong PM skills, and a track record of launching successful insurance products in dynamic markets. Hybrid work arrangement offered in the Western Cape region.

Qualifications

• Bachelor's degree in Business, Marketing, Finance or related field.
• MBA or relevant postgraduate qualification is a plus.
• Minimum of 5 years in product management or development, preferably within the insurance industry.
• Proven track record of successfully launching new insurance products.
• Strong understanding of life, health, short-term insurance and market dynamics.
• Excellent project management, analytical, and problem-solving skills.
• Outstanding communication, presentation and interpersonal skills.
• Ability to collaborate effectively with cross-functional teams.
• Familiarity with South African insurance regulations and compliance standards.
• Strategic thinking and a creative approach to product development.
• Demonstrated leadership capabilities.

Responsibilities

• Lead end-to-end process of developing and launching new insurance products.
• Conduct market research and competitor analysis to identify opportunities for product innovation.
• Define product features, benefits, pricing strategies, and target markets.
• Collaborate with actuarial teams to ensure product profitability and sustainability.
• Work with legal and compliance teams to ensure regulatory requirements are met.
• Develop product positioning, messaging, and go-to-market strategies with marketing.
• Train sales and customer service teams on new product features and benefits.
• Monitor product performance post-launch and implement improvements.
• Manage project timelines, budgets, and resources effectively.
• Stay informed about industry trends, customer needs, and regulatory changes.

Skills

Project management

Market research

Product development

Leadership

Stakeholder management

Communication

Education

Bachelor's degree

MBA

Tools

Project management software

Market research tools

Job description

Placements24 in Paarl, Western Cape is seeking an Insurance Product Development Manager to lead the ideation, design, and launch of innovative insurance products. You will partner with marketing, actuarial, legal and sales to ensure viability, profitability and compliance.

The role demands strategic thinking, strong PM skills, and a track record of launching successful insurance products in dynamic markets. Hybrid work arrangement offered in the Western Cape region.