Senior Insurance Product Development Lead

Placements24; Sandton; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Performance-based incentives

Career development

Job summary

Placements24 seeks an Insurance Product Development Specialist in Sandton, Gauteng. You will research, design, and launch new insurance products, enhance existing ones, and work with underwriting, actuarial, marketing, and legal to ensure viability and profitability.

The role focuses on market analysis, product lifecycle management, and regulatory compliance, with a hybrid work model in Sandton. A senior candidate with strong strategic insights is preferred.

Qualifications

• 3+ years experience in related field is common; 5+ preferred
• Strong analytical and research capabilities
• Excellent written and verbal communication and presentation skills
• Deep understanding of insurance principles and product design
• Experience with regulatory compliance and product lifecycles

Responsibilities

• Research market opportunities and conduct competitor analysis.
• Design and develop new insurance products and features across lines of business.
• Work with actuarial to ensure pricing targets are met.
• Define policy terms and underwriting guidelines for new products.
• Ensure compliance with relevant regulations and legislation.
• Develop product documentation, marketing materials, and training resources.
• Manage product development lifecycle from concept to launch and review.
• Analyze product performance and adjust as needed.
• Collaborate with sales and marketing for rollout and market penetration.

Skills

Market analysis

Data analysis

Cross-functional collaboration

Regulatory understanding

Problem solving

Education

Tertiary qualification in Business/Finance/Actuarial Science

Tools

Data analysis tools

Job description

Placements24 seeks an Insurance Product Development Specialist in Sandton, Gauteng. You will research, design, and launch new insurance products, enhance existing ones, and work with underwriting, actuarial, marketing, and legal to ensure viability and profitability.

The role focuses on market analysis, product lifecycle management, and regulatory compliance, with a hybrid work model in Sandton. A senior candidate with strong strategic insights is preferred.