Senior Insurance Product Manager - Personal Lines

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

Benefits offered by this job

Bonus program

Medical aid

Retirement annuity

Life cover

Career development

Job summary

Placements24 is partnering with a leading insurer in Benoni to recruit a Senior Insurance Product Manager focused on personal lines (Household, Motor, Travel). You will develop strategy, define requirements, and drive product innovation in collaboration with actuarial, underwriting, marketing, and IT teams.

You will lead lifecycle management, analyze performance, and ensure regulatory compliance while guiding a high-performing product team toward profitability and growth in the South African

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or related field; MBA or equivalent is advantageous.
• Minimum of 7 years in insurance product management, development, or marketing with a focus on personal lines.
• Proven track record of launching and managing profitable insurance products.
• Comprehensive knowledge of personal insurance products (Household, Motor, Travel) and SA market.
• Strong strategic thinking, analytical, and problem‑solving skills.
• Excellent project management, leadership, and influencing abilities.
• Experience working cross-functionally with actuarial, underwriting, marketing, and IT.

Responsibilities

• Develop and execute strategy for personal lines insurance products, ensuring market competitiveness and profitability.
• Conduct market research, competitive analysis, and customer segmentation.
• Define product requirements, features, and benefits for new and existing products.
• Collaborate with actuarial teams on pricing, reserving, and financial modeling.
• Work with underwriting teams to establish guidelines and risk appetite.
• Partner with marketing and sales to develop go-to-market strategies and campaigns.
• Oversee the product lifecycle from ideation to performance monitoring and optimization.
• Analyze product performance data and customer feedback to identify improvements.
• Ensure offerings comply with regulatory requirements and industry standards.
• Present strategies, roadmaps, and performance updates to senior management.
• Mentor junior product managers and contribute to team growth.

Skills

Strategic thinking

Analytical skills

Leadership

Communication

Cross-functional collaboration

Market analysis

Education

Bachelor's degree in Business/Marketing/Finance or related field

MBA or equivalent (advantageous)

Tools

Market analysis tools

Job description

About the Role

Our client, a prominent insurer with a strong focus on personal lines of business, is actively seeking a dynamic and strategic Senior Insurance Product Manager to join their team in Benoni, Gauteng . This role is instrumental in driving the development, management, and profitability of the company's personal insurance product portfolio, including household, vehicle, and travel insurance. The Senior Product Manager will be responsible for conducting market analysis, identifying customer needs, and translating these insights into innovative product strategies and enhancements. You will collaborate closely with actuarial, underwriting, marketing, and claims teams to ensure the successful design, launch, and ongoing management of products. This is an exciting opportunity to shape the future of personal insurance offerings for a leading provider in Benoni . We are seeking a visionary leader with a deep understanding of the personal insurance market and a proven ability to drive product innovation and commercial success. Join our client and make a significant impact on the lives of their customers.

Key Responsibilities

• Develop and execute the strategy for personal lines insurance products, ensuring market competitiveness and profitability.
• Conduct thorough market research, competitive analysis, and customer segmentation.
• Define product requirements, features, and benefits for new and existing products.
• Collaborate with actuarial teams on pricing, reserving, and financial modeling.
• Work with underwriting teams to establish clear guidelines and risk appetite.
• Partner with marketing and sales to develop compelling go-to-market strategies and campaigns.
• Oversee the product lifecycle, from ideation and launch to performance monitoring and optimization.
• Analyze product performance data and customer feedback to identify areas for improvement.
• Ensure product offerings comply with all regulatory requirements and industry standards.
• Present product strategies, roadmaps, and performance updates to senior management.
• Mentor junior product managers and contribute to the growth of the product team.

Requirements

• A Bachelor's degree in Business, Marketing, Finance, or a related field; an MBA or equivalent is advantageous.
• Minimum of 7 years of experience in insurance product management, development, or marketing, with a strong focus on personal lines.
• Proven track record of successfully launching and managing profitable insurance products.
• Comprehensive knowledge of personal insurance products (e.g., Household, Motor, Travel) and the South African insurance market.
• Strong strategic thinking, analytical, and problem-solving skills.
• Excellent project management, leadership, and influencing abilities.
• Exceptional communication, presentation, and interpersonal skills.
• Experience working cross-functionally with actuarial, underwriting, marketing, and IT departments.
• Proficiency in market analysis tools and data interpretation.
• Adaptability and ability to thrive in a fast-paced environment.

Benefits

• Highly competitive salary and a performance-driven bonus structure.
• Comprehensive benefits package, including medical aid, retirement annuity, and life cover.
• Significant opportunities for professional development and career progression within a reputable insurer in Benoni .
• A collaborative and innovative work culture.
• The chance to lead product strategy and make a tangible impact.
• Access to advanced data analytics and market insights tools.