Remote Insurance Product Developer

Placements24; George; Hybrid; ZAR 800,000 - 1,200,000; Full time

Benefits offered by this job

Competitive salary

Fully remote work

Health, dental, vision insurance

Retirement savings plan

Paid time off

Professional development budget

Home office stipend

Access to product development tools

Leadership opportunities

Dynamic virtual team culture

Job summary

Placements24 is seeking a remote Insurance Product Developer for a fully remote team. Conceptualize, design, and launch new insurance products across multiple lines, collaborating with actuarial, legal, marketing, and ops.

The role is remote-first with strong emphasis on self-motivation and data-driven decision making. You will identify market gaps, define features, pricing, and go-to-market strategies, monitor performance post-launch, and manage the product lifecycle from ideation to

Qualifications

• Master's degree in Business Administration, Finance, Actuarial Science, Marketing, or related field.
• Minimum 5 years in insurance product development or related strategic role.
• Proven track record in launching new insurance products.
• Strong understanding of insurance principles, market dynamics, and regulatory frameworks.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Superior communication and interpersonal skills.
• Experience with data analysis and market research techniques.

Responsibilities

• Conceptualize, design, and develop new insurance products across lines.
• Conduct market research and competitor analysis to identify opportunities and trends.
• Define product features, pricing structures, and distribution strategies.
• Collaborate with actuarial, legal, marketing, and operations teams.
• Monitor product performance post-launch and propose enhancements.
• Manage product lifecycle from ideation to retirement.

Skills

Analytical thinking

Strategic thinking

Problem-solving

Communication

Negotiation

Remote collaboration

MS Office Suite

Market research

Data analysis

Education

Master's degree in Business Administration, Finance, Actuarial Science, Marketing

Tools

MS Office Suite

Project management tools

Job description

About the Role

Our client, a leader in innovative insurance solutions, is seeking a creative and strategic Remote Insurance Product Developer to join their fully remote team. This role is crucial for conceptualizing, designing, and launching new insurance products that meet evolving market demands and customer needs. As a remote-first organization, we value individuals who are self-driven, collaborative, and adept at communicating effectively in a virtual environment. You will work across departments, including actuarial, marketing, legal, and operations, to bring product ideas to life from inception to market. This is an exceptional opportunity to shape the future of insurance offerings from the comfort of your own home. The ideal candidate possesses a blend of market insight, analytical prowess, and a passion for innovation. This role is entirely remote, offering unparalleled flexibility and work-life balance. You will be instrumental in identifying market gaps, defining product features, pricing strategies, and ensuring regulatory compliance for new insurance lines. The George based product innovation unit thrives on fresh ideas and data-driven decision-making, and this role is at the forefront of that initiative. We are looking for a visionary individual who can anticipate future trends and translate them into successful, marketable insurance products.

Key Responsibilities

• Conceptualize, design, and develop new insurance products across various lines of business.


• Conduct market research and competitor analysis to identify opportunities and trends.


• Define product features, benefits, pricing structures, and distribution strategies.


• Collaborate closely with actuarial teams to ensure pricing adequacy and profitability.


• Work with legal and compliance teams to ensure products meet all regulatory requirements.


• Develop product specifications, policy wordings, and supporting documentation.


• Create go-to-market strategies and support marketing and sales teams.


• Monitor product performance post-launch and recommend enhancements.


• Manage the product lifecycle from ideation to retirement.


• Stay abreast of industry innovations and technological advancements in insurance.

Requirements

• Master's degree in Business Administration, Finance, Actuarial Science, Marketing, or a related field.


• A minimum of 5 years of experience in insurance product development, management, or a related strategic role.


• Demonstrated success in launching new insurance products.


• Strong understanding of insurance principles, market dynamics, and regulatory frameworks.


• Excellent analytical, strategic thinking, and problem-solving skills.


• Superior communication, negotiation, and interpersonal skills.


• Proficiency in project management tools and MS Office Suite.


• Proven ability to work effectively in a fully remote, collaborative environment.


• Experience with data analysis and market research techniques.


• Creative mindset with a focus on innovation and customer centricity.

Benefits

• Competitive salary and potential for performance-based bonuses.


• Fully remote work arrangement with flexible hours.


• Comprehensive health, dental, and vision insurance.


• Retirement savings plan contributions.


• Generous paid time off and holidays.


• Professional development budget for courses, conferences, and certifications.


• Home office stipend for setup and ongoing expenses.


• Access to cutting-edge product development tools and platforms.


• Opportunities to lead product strategy and innovation.


• A dynamic and forward-thinking virtual team culture.