Job Description
Supports the Product Lead in the end-to-end product development process including regular review of the life and health products and performance, providing recommendations such as product enhancements and new products.
Key Responsibilities:
- Conducts market research on new product developments and prepare analysis to provide insights on the market
- Monitor market developments and trends, benchmarking and comparisons to drive and support product development and related initiatives.
- Manage and conduct focus groups with distribution/customers to test or gather feedback on product ideas and existing products.
- Responsible for drafting and updating product specifications and prepare the product presentation for the relevant Executive Committee's evaluation and approval.
- Collaborate with key stakeholders from the product implementation workgroup (such as operations, actuarial, product marketing and distribution) to develop the product proposition, manage deliverables and resolve implementation issues.
- Responsible for drafting of new product launch training materials, relevant product materials (such as product summaries and product factsheet) as well as reviewing relevant product materials such as policy contract and brochures
- Responsible on the drafting and communication of product launch announcements.
- Responsible on any post product launch monitoring and implementation activities
- Manage and coordinate on regulatory developments and requirements where required
- Supports the Product Lead in the product review, performance and marketing initiatives such as campaigns and relevant materials
Qualifications:
- Degree in any field
- 8 to 10 years in the insurance industry with relevant experience in life and health product development and project management
- Good experience and knowledge across products, pricing, regulations, market trends and developments
- Individuals with strong insurance development/business/risk experience may also be considered
- Insurance qualifications would be advantageous
- Analytical, detailed, results driven and is comfortable to work with tight timelines
- Good knowledge of market trends, innovations and business strategy
- Good ability to communicate and collaborate with multiple stakeholders
