Senior Insurance Product Manager

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

Benefits offered by this job

Salary package and bonus potential

Health insurance

Retirement benefits

Learning and growth opportunities

Hybrid work model

Job summary

Placements24 in Polokwane, Limpopo, seeks a Senior Insurance Product Manager to own the full product lifecycle—from ideation to launch and ongoing management. You will analyze market needs, regulatory requirements, and profitability to design customer-centric solutions.

You will partner with actuarial, underwriting, marketing, and sales teams in a hybrid setup, balancing strategic vision with rigorous execution to drive growth in the South African market.

Qualifications

• Minimum of 5 years of product management experience, preferably in insurance.
• Proven track record of launching and managing insurance products.
• Strong understanding of insurance markets, product development principles, and regulatory frameworks.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional communication, presentation, and stakeholder management abilities.
• Experience working effectively in a hybrid team environment.

Responsibilities

• Lead design, development, and implementation of new insurance products and enhancements.
• Conduct market research, competitive analysis, and customer needs assessments to identify product opportunities.
• Define product strategy, roadmap, and go-to-market plans in alignment with business objectives.
• Work closely with actuarial and underwriting teams to ensure pricing, profitability, and risk adequacy.
• Develop product specifications, policy wording, and related documentation.
• Collaborate with marketing and sales teams to create effective product launch strategies and promotional materials.
• Monitor product performance, profitability, and market acceptance, making data-driven recommendations for adjustments.
• Ensure compliance with all relevant regulations and legal requirements in Polokwane and beyond.
• Manage product lifecycle, including product retirement or discontinuation when necessary.

Skills

Analytical thinking

Strategic thinking

Problem solving

Stakeholder management

Communication

Education

Bachelor's degree (Business/Marketing/Finance/Actuarial)

Job description

About the Role

Our client, a dynamic insurer based in **Polokwane, Limpopo**, is seeking an innovative and strategic Senior Insurance Product Manager. This role is responsible for the entire lifecycle of insurance products, from ideation and development to launch and ongoing management. You will analyze market needs, competitive landscapes, and regulatory requirements to design profitable and customer-centric insurance solutions. The successful candidate will collaborate closely with actuarial, underwriting, marketing, and sales teams to ensure product success. This hybrid position allows for engagement with colleagues in our **Polokwane, Limpopo** office and offers flexibility.

Key Responsibilities

• Lead the design, development, and implementation of new insurance products and enhancements to existing offerings.
• Conduct market research, competitive analysis, and customer needs assessments to identify product opportunities.
• Define product strategy, roadmap, and go-to-market plans in alignment with business objectives.
• Work closely with actuarial and underwriting teams to ensure product pricing, profitability, and risk adequacy.
• Develop product specifications, policy wording, and related documentation.
• Collaborate with marketing and sales teams to create effective product launch strategies and promotional materials.
• Monitor product performance, profitability, and market acceptance, making data-driven recommendations for adjustments.
• Ensure compliance with all relevant regulations and legal requirements in **Polokwane, Limpopo** and beyond.
• Manage product lifecycle, including product retirement or discontinuation when necessary.

Requirements

• Minimum of 5 years of experience in product management, preferably within the insurance industry.
• Proven track record of successfully launching and managing insurance products.
• Strong understanding of insurance markets, product development principles, and regulatory frameworks.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional communication, presentation, and stakeholder management abilities.
• Experience working effectively in a hybrid team environment.
• Bachelor's degree in Business, Marketing, Finance, Actuarial Science, or a related field.
• Familiarity with agile development methodologies is a plus.

Benefits

• Highly competitive annual salary package.
• Performance-related bonus incentives.
• Comprehensive health insurance and retirement benefits.
• Opportunities for continuous learning and professional growth.
• A dynamic hybrid work model based in **Polokwane, Limpopo**.
• The chance to shape innovative insurance products for the South African market.