Remote Insurance Product Development Specialist

Placements24; South Africa; Remote; ZAR 800,000 - 1,200,000; Full time

Benefits offered by this job

Remote-friendly salary

Performance bonuses

Health insurance

Generous annual leave

Fully remote work

Home office stipend

Job summary

Placements24 is seeking a highly motivated Remote Insurance Product Development Specialist to own the end-to-end lifecycle of innovative insurance products from ideation through launch. You will work with actuarial, underwriting, marketing and technology teams to craft market-ready solutions, leveraging data analytics to remain competitive, while ensuring regulatory compliance.

This fully remote role supports operations across South Africa.

Qualifications

• 6+ years in product management or development within the insurance industry.
• Proven success launching and managing insurance products across Life, Health, P&C.
• Strong understanding of insurance principles, market dynamics, and regulatory environments.
• Analytical, strategic thinking and problem-solving skills.
• Ability to collaborate effectively with remote cross-functional teams.
• Proficiency with product management methodologies (Agile, Scrum).
• Excellent communication and stakeholder management skills.

Responsibilities

• Lead development and refinement of new insurance products for market competitiveness and profitability.
• Conduct market research and competitor analysis to identify opportunities.
• Collaborate with actuarial, underwriting, marketing and tech teams to design solutions.
• Define features, specs and user journeys based on insights and business needs.
• Manage product roadmap and prioritize development efforts.
• Develop launch plans including go-to-market strategies and training.
• Monitor post-launch performance and recommend enhancements.
• Ensure compliance with regulatory requirements and internal policies.
• Stay updated on insurtech trends and regulatory changes.

Skills

Product management

Remote collaboration

Agile and Scrum

Market research

Strategic thinking

Stakeholder management

Education

Bachelor's degree in Business/Finance/Marketing

Master’s degree preferred

Tools

Agile tools

PM tools (Jira, etc.)

Job description

About the Role

Our client, a leading innovator in the insurance technology space, is seeking a highly motivated and experienced Remote Insurance Product Development Specialist. This fully remote role is designed for an individual passionate about creating cutting-edge insurance products that meet evolving customer needs. You will be instrumental in the entire product lifecycle, from ideation and market research to design, development, and launch. Working collaboratively with cross-functional teams, you will leverage market insights and data analytics to drive product innovation and ensure our offerings remain competitive. This is an excellent opportunity to contribute to a forward-thinking company and shape the future of insurance from the comfort of your home office, supporting operations across South Africa.

Key Responsibilities

• Lead the development and refinement of new insurance products, ensuring market competitiveness and profitability.
• Conduct in-depth market research and competitor analysis to identify product opportunities and gaps.
• Collaborate with actuarial, underwriting, marketing, and technology teams to design and build innovative insurance solutions.
• Define product features, specifications, and user journeys based on customer insights and business requirements.
• Manage the product roadmap and prioritize development efforts based on strategic goals.
• Develop product launch plans, including go-to-market strategies and training materials.
• Monitor product performance post-launch, making data-driven recommendations for enhancements.
• Ensure all product development activities comply with regulatory requirements and internal policies.
• Stay abreast of emerging trends in insurtech, customer behavior, and regulatory landscapes.

Requirements

• A minimum of 6 years of experience in product management or product development within the insurance industry.
• Proven success in launching and managing insurance products across various lines (e.g., Life, Health, P&C).
• Strong understanding of insurance principles, market dynamics, and regulatory environments.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Demonstrated ability to collaborate effectively with diverse teams in a remote setting.
• Proficiency in product management tools and methodologies (e.g., Agile, Scrum).
• Exceptional communication, presentation, and stakeholder management skills.
• A Bachelor's degree in Business, Finance, Marketing, or a related field is required; Master’s degree is a plus.
• Experience with insurtech and digital transformation initiatives is highly valued.

Benefits

• A competitive remote-based annual salary of up to ZAR .
• Performance bonuses tied to product success.
• Comprehensive health insurance coverage.
• Generous annual leave and paid time off.
• A fully remote work arrangement offering maximum flexibility.
• Opportunities for professional growth and development in a cutting-edge field.
• Home office stipend or allowance.