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.

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