Insurance Product Innovator – Hybrid

Placements24; Gqeberha; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Medical aid

Retirement savings

Flexible hybrid work

Job summary

Placements24 in Port Elizabeth seeks an innovative Insurance Product Developer to shape new insurance offerings. You will work at the intersection of market research, actuarial analysis, and business strategy to design products that meet evolving customer needs.

The ideal candidate has 5+ years in insurance product development, strong analytical and communication skills, and a creative mindset to drive product viability and market readiness in a hybrid work setting.

Qualifications

• Bachelor’s degree in business, marketing, finance, or actuarial science.
• Master’s degree is advantageous.
• At least 5 years in insurance product development or related role.
• Strong understanding of insurance product design.
• Analytical, strategic, and problem-solving skills.
• Excellent communication skills.

Responsibilities

• Conceptualize and develop insurance products across lines of business.
• Conduct market research and competitive analysis to define requirements.
• Collaborate with actuarial, legal, marketing, and sales teams to ensure viability and compliance.
• Develop pricing strategies and profitability models with actuarial.
• Create product specifications, policy wordings, and marketing collateral.
• Manage lifecycle from ideation through launch and ongoing performance monitoring.
• Analyze product performance data and customer feedback for improvements.
• Stay informed about regulatory changes and tech advances affecting product development.
• Present product proposals to senior management for approval.

Skills

Analytical thinking

Strategic thinking

Problem solving

Creative mindset

Cross-functional collaboration

Market analysis

Education

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

Master's degree

Job description

Placements24 in Port Elizabeth seeks an innovative Insurance Product Developer to shape new insurance offerings. You will work at the intersection of market research, actuarial analysis, and business strategy to design products that meet evolving customer needs.

The ideal candidate has 5+ years in insurance product development, strong analytical and communication skills, and a creative mindset to drive product viability and market readiness in a hybrid work setting.