Remote Insurance Product Development Manager

Placements24; Durban; Hybrid; ZAR 1,992,000 - 2,988,000; Full time

Benefits offered by this job

Remote salary incentives

Health, dental, and vision insurance

Paid time off

Home office stipend

Professional development

Fully remote work

401(k) with employer match

Job summary

Placements24 seeks a Remote Insurance Product Development Manager to lead the end-to-end lifecycle of new insurance products from ideation to launch. You will work with actuarial, marketing, sales and technology teams to shape product strategy, pricing and policy wording while ensuring regulatory compliance across multiple jurisdictions.

In this fully remote role, you will analyze market trends, gather customer insights, manage budgets and timelines, and drive continuous product improvements.

Qualifications

• Bachelor's degree in business, marketing, finance or related field.
• MBA or advanced degree is a plus.
• 5+ years in product management or development in insurance.
• Proven track record of launching insurance products.
• Strong understanding of insurance principles, market dynamics and regulation.
• Excellent communication and stakeholder management abilities.

Responsibilities

• Define and manage the product roadmap for new insurance offerings.
• Conduct market research and competitive analysis to identify customer needs.
• Collaborate with actuarial teams to develop pricing, features and policy wordings.
• Ensure regulatory compliance across jurisdictions.
• Partner with marketing and sales for go-to-market plans.
• Monitor post-launch performance and collect feedback for improvements.
• Manage budgets and timelines for product development.
• Foster innovation and explore InsurTech opportunities.

Skills

Analytical thinking

Strategic thinking

Problem solving

Stakeholder management

Communication skills

Cross-functional leadership

Agile methodologies

Team leadership

Education

Bachelor's degree in Business/Marketing/Finance

MBA or advanced degree

Job description

About the Role

Our client, a forward-thinking innovator in the insurance technology space, is seeking a highly strategic and creative Remote Insurance Product Development Manager. This role is fully remote, offering unparalleled flexibility and the opportunity to shape the future of insurance products from anywhere. You will be responsible for the end-to-end lifecycle of new insurance products, from ideation and market research to development, launch, and ongoing performance analysis. This position demands a deep understanding of insurance markets, customer needs, regulatory landscapes, and emerging technologies. The successful candidate will collaborate with cross-functional teams, including actuarial, marketing, sales, and technology, to bring innovative insurance solutions to market. This is a remote-first opportunity, perfect for an experienced product professional looking to make a significant impact without geographical constraints, contributing to our client's growth and digital transformation. Join us in revolutionizing the insurance industry from the comfort of your home office.

Key Responsibilities

• Conceptualize, define, and manage the product roadmap for new insurance offerings, aligning with company strategy and market opportunities.
• Conduct in-depth market research and competitive analysis to identify unmet customer needs and emerging trends in the insurance sector.
• Collaborate closely with actuarial teams to develop pricing strategies, product features, and policy wordings.
• Work with legal and compliance departments to ensure all product developments meet regulatory requirements across various jurisdictions.
• Partner with marketing and sales teams to develop go-to-market strategies and launch plans for new products.
• Monitor product performance post-launch, gathering customer feedback and usage data to drive iterative improvements and future product enhancements.
• Manage product development budgets and timelines effectively, ensuring successful and timely delivery of new products.
• Foster innovation and champion new ideas within the product development process, exploring InsurTech solutions.

Requirements

• A Bachelor's degree in Business, Marketing, Finance, or a related field.
• An MBA or advanced degree is a plus.
• 5+ years of experience in product management or product development, with a significant focus on the insurance industry.
• Proven track record of successfully launching and managing insurance products from conception to market.
• Strong understanding of insurance principles, market dynamics, regulatory frameworks, and distribution channels.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional communication, presentation, and stakeholder management abilities, comfortable working with distributed teams.
• Experience with Agile methodologies and product development lifecycle management tools.
• Demonstrated ability to work independently and lead cross-functional teams in a remote environment.

Benefits

• Highly competitive remote salary with performance-based incentives.
• Comprehensive health, dental, and vision insurance coverage.
• Generous paid time off and flexible working hours.
• Company-provided home office setup and technology stipend.
• Opportunities for continuous professional development, including conferences and online courses.
• The flexibility and autonomy of a fully remote role.
• A collaborative and inclusive virtual team culture.
• 401(k) plan with employer matching contribution.