Remote Insurance Product Development Specialist

About the Role

Our client, a forward-thinking insurance provider, is seeking a creative and strategic Remote Insurance Product Development Specialist to join their innovative team. This is a fully remote position, enabling you to contribute your expertise from the comfort of your home office. You will play a pivotal role in conceptualizing, designing, and launching new insurance products and enhancements to existing offerings. This involves extensive market research, competitive analysis, and close collaboration with cross-functional teams, including marketing, sales, actuarial, and legal. The ideal candidate possesses a deep understanding of the insurance landscape, strong analytical skills, and a passion for developing customer-centric solutions that drive market growth and profitability for our client.

Key Responsibilities

• Conduct market research and competitor analysis to identify opportunities for new insurance products and features.
• Define product vision, strategy, and roadmap in alignment with company goals.
• Develop detailed product specifications, including policy terms, conditions, and pricing parameters.
• Collaborate with actuarial teams to ensure product viability and profitability.
• Work closely with marketing and sales teams to develop go-to-market strategies and product launch plans.
• Ensure all product development activities comply with regulatory requirements and internal policies.
• Manage the product lifecycle, from ideation and development through launch and post-launch review.
• Gather customer feedback and market insights to inform product improvements and future innovations.
• Present product proposals and updates to senior management and key stakeholders.

Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field.
• Minimum of 4 years of experience in insurance product development, management, or a related role.
• Proven track record of successfully launching new insurance products.
• Strong understanding of various insurance lines (e.g., life, health, general insurance).
• Excellent analytical, strategic thinking, and problem-solving skills.
• Proficiency in market research techniques and competitive analysis.
• Exceptional communication, presentation, and interpersonal skills.
• Ability to manage complex projects and work effectively in a fully remote, collaborative environment.
• Familiarity with regulatory frameworks governing the insurance industry in South Africa is advantageous.

Benefits

• Competitive annual salary of R , commensurate with experience.
• Fully remote work setup, offering significant flexibility and autonomy.
• Opportunity to shape the future of insurance products for a dynamic company.
• Comprehensive medical aid and retirement fund benefits.
• Generous paid time off.
• Access to professional development and continuous learning opportunities.
• Be part of an innovative and supportive remote team culture.