Product Development Analyst

Ilaunch; Johannesburg; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

Ilaunch in Sandton, Johannesburg, seeks an Insurance Product Development Specialist to research, design, and launch new insurance products aligned with market demands.

You will work with underwriting, marketing, actuarial, and legal to bring products to market, manage documentation, pricing, and post-launch optimization. A Bachelor's and 4+ years in insurance product development is expected.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or related field; relevant insurance qualifications or certifications are advantageous.
• Minimum of 4 years of experience in product development, marketing, or a related role within the insurance industry.
• Strong understanding of insurance markets, customer needs, and product lifecycle management.
• Excellent analytical, research, and project management skills.
• Effective communication and collaboration skills, with the ability to work across diverse teams.
• Creative thinking and a passion for innovation in the insurance space.

Responsibilities

• Conduct market research and competitive analysis to identify opportunities for new insurance products.
• Design and develop innovative insurance product concepts, features, and benefits.
• Collaborate with underwriting and actuarial teams to assess product viability, pricing, and risk parameters.
• Develop product documentation, including policy wordings and marketing materials, in conjunction with legal and marketing departments.
• Manage the product launch process, coordinating efforts across various departments to ensure a successful rollout.
• Monitor product performance post-launch, gathering feedback and recommending enhancements or adjustments.

Skills

Market research

Product development

Analytical thinking

Project management

Communication

Collaboration

Creative thinking

Education

Bachelor's degree in business/related

Insurance qualifications advantageous

Job description

Insurance Product Development Specialist

Our client is seeking an innovative and market-savvy Insurance Product Development Specialist to join their strategy team in Sandton. This role is crucial for researching, designing, and launching new insurance products that meet evolving customer needs and market demands. You will collaborate with cross-functional teams, including underwriting, marketing, actuarial, and legal, to bring successful products to market. This is an exciting opportunity to influence the company's product portfolio and drive growth within the competitive Gauteng insurance sector, working in an environment that values creativity, market insight, and strategic product innovation.

Key Responsibilities

• Conduct market research and competitive analysis to identify opportunities for new insurance products.
• Design and develop innovative insurance product concepts, features, and benefits.
• Collaborate with underwriting and actuarial teams to assess product viability, pricing, and risk parameters.
• Develop product documentation, including policy wordings and marketing materials, in conjunction with legal and marketing departments.
• Manage the product launch process, coordinating efforts across various departments to ensure a successful rollout.
• Monitor product performance post-launch, gathering feedback and recommending enhancements or adjustments.

Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field; relevant insurance qualifications or certifications are advantageous.
• Minimum of 4 years of experience in product development, marketing, or a related role within the insurance industry.
• Strong understanding of insurance markets, customer needs, and product lifecycle management.
• Excellent analytical, research, and project management skills.
• Effective communication and collaboration skills, with the ability to work across diverse teams.
• Creative thinking and a passion for innovation in the insurance space.