What You’ll Be Driving:

Product Strategy & Development:

• Develop and execute the overall insurance product strategy in alignment with the company’s goals.
• Identify market opportunities and create innovative insurance products to meet customer needs.
• Collaborate with cross-functional teams to ensure successful product development and launch.
• Continuously evaluate product performance and make data-driven recommendations for improvement.

Regulatory Compliance:

• Ensure all insurance products comply with regulatory requirements and industry standards.
• Stay abreast of changes in regulations and adjust product offerings accordingly.
• Liaise with regulatory bodies to ensure compliance and maintain strong relationships.

Market Analysis & Competitive Positioning:

• Conduct market research to identify industry trends, customer preferences, and competitive landscape.
• Develop pricing strategies that balance profitability and market competitiveness.
• Work closely with the sales and marketing teams to position products effectively.

Stakeholder Management:

• Collaborate with internal teams, external partners, and key stakeholders to align product objectives with business goals.
• Provide insights and recommendations to senior management based on market analysis and product performance.

Operational Efficiency:

• Oversee the entire product lifecycle, ensuring operational excellence and efficient processes.
• Develop and implement policies, guidelines, and frameworks to streamline product management.
• Utilize data analytics to monitor key performance indicators and drive product enhancements.

Team Leadership:

• Lead and mentor the insurance product team to foster innovation and continuous improvement.
• Encourage collaboration, knowledge sharing, and professional development within the team.

Who You Are:

• Bachelor’s degree in Business, Insurance, Finance, or a related field; a Master’s degree is an advantage.
• Professional certifications in insurance (e.g., ACII, CPCU) are highly desirable.
• Minimum of 10+ years of experience in insurance product development, with at least 5 years in a leadership role.
• Strong understanding of insurance market dynamics, regulatory requirements, and risk management principles.
• Proven track record of developing and launching successful insurance products.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Strong leadership and communication abilities, with experience working cross-functionally.