We are seeking a strategic and analytical professional to drive the research, design, and launch of life and health insurance products across individual and group markets. This role also involves managing existing product portfolios to ensure profitable sales and long-term growth.
Responsibilities
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Analyze market trends and competitive landscape to identify new product opportunities.
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Translate market research and consumer insights into value propositions.
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Build business cases for product innovation by gathering feedback from distributors and customers, reviewing sales trends, and assessing demographic shifts.
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Recommend product features, competitiveness, profitability, sales goals, and launch timing.
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Conduct feasibility studies, R&D, and hypothesis testing in collaboration with analytics, sales, and other business units.
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Partner with Marketing, Finance, IT, and key stakeholders to align product development with business objectives.
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Develop product specification documents, guides, and supporting materials.
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Act as subject matter expert during the product development process.
Qualifications
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Bachelor’s degree in business or related field (or equivalent experience).
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Minimum 2 years of product development experience in the life or health insurance industry.
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Strong understanding of insurance product features, riders, and marketing techniques.
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Excellent analytical and research skills for market, profitability, and compliance assessments.
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Strong communication and interpersonal skills to influence stakeholders at all levels.
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Ability to make data-driven decisions and translate research into product design.
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Proficiency in MS Office (Excel, PowerPoint, Word).
Preferred Qualifications
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Experience with facilitation, strategic planning, and cross-functional collaboration.
Working Conditions
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Office environment.
Compensation
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Salary range: $80,000 – $95,000 annually (final pay determined by qualifications, experience, and location).
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Eligible for Annual Bonus based on Company Bonus Plan and individual performance.