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For Companies At a Glance
- Tasks: Create and launch innovative insurance products that meet customer needs.
- Company: Join a dynamic team in a newly formed Consumer Product Development department.
- Benefits: Competitive salary, growth opportunities, and a collaborative work environment.
- Why this job: Make a real impact by driving product innovation in the insurance industry.
- Qualifications: Degree in relevant fields and 4-6 years of product development experience.
- Other info: Ideal for those who thrive on challenges and enjoy teamwork.
The predicted salary is between 36000 - 60000 £ per year.
Overview
The Consumer Product Development department is newly formed to house both the Life and Health and General Insurance (Personal Lines) product teams. The Personal Lines team focuses on general insurance products for the individual such as Travel, Home and Personal Accident. As a Product Development Manager, you will work closely with the Product Lead to grow the personal lines portfolio profitably, which will contribute directly to Income's goals on a company level. You will play an active role in driving product launches, revamps, campaigns and initiatives.
Responsibilities
- Creating new personal lines insurance products based on business and customer needs
- Driving end-to-end product launch/revamps collaborating with internal stakeholders e.g., Channels, Marketing, IT, Actuarial, and other product implementation workgroup members
- Working with underwriting manager on underwriting guidelines for new products or processes
- Conducting market research and analysis to provide insights on product developments and trends
- Monitoring and analysing product performance data for new opportunities and improvements
- Working closely with sales channels to ensure business targets are met
- Clarifying policy intent and reviewing materials with stakeholders and frontliners
Qualifications
- Degree in Mathematics, Economics, Banking, Finance, Actuarial Science or Engineering
- 4 to 6 years of product development experience in the financial industry with general insurance knowledge
- Insurance certifications such as BCP, PGI, HI and ComGI
- Possesses a growth mindset, thrives on challenges and views setbacks as springboard for growth
- Independent and inquisitive
- Sharp and analytical with an ability to draw insights from logical inferences
- Collaborates well in a team setting and able to work with multiple stakeholders
Product Development Manager (GI product) in London employer: INCOME INSURANCE LIMITED
Contact Detail:
INCOME INSURANCE LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Development Manager (GI product) in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their market position and be ready to discuss how your skills can help them grow their personal lines portfolio. Show them you mean business!
✨Tip Number 3
Practice your pitch! Be clear about your experience in product development and how it aligns with their needs. Highlight your analytical skills and your ability to collaborate with various teams – that’s what they’re looking for!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive and take the initiative to reach out directly.
We think you need these skills to ace Product Development Manager (GI product) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Product Development Manager role. Highlight your experience in product development, especially in general insurance, and showcase any relevant certifications. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about personal lines insurance and how your skills can help us grow our portfolio. Be genuine and let your personality come through!
Showcase Your Analytical Skills: Since the role involves market research and performance analysis, make sure to highlight any experience you have in these areas. We love candidates who can draw insights from data, so don’t hold back on sharing your analytical achievements!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at INCOME INSURANCE LIMITED
✨Know Your Products Inside Out
Before the interview, make sure you thoroughly understand the personal lines insurance products relevant to the role. Familiarise yourself with recent trends and market research in the general insurance sector. This will not only show your passion for the industry but also help you answer questions confidently.
✨Showcase Your Collaborative Spirit
As a Product Development Manager, you'll be working with various stakeholders. Prepare examples of past experiences where you've successfully collaborated with teams like Marketing, IT, or Underwriting. Highlight how your teamwork led to successful product launches or improvements.
✨Demonstrate Analytical Skills
Be ready to discuss how you've used data to drive product decisions in your previous roles. Bring specific examples of how you've monitored product performance and identified opportunities for growth. This will illustrate your sharp analytical abilities and your proactive approach to product development.
✨Embrace the Growth Mindset
The company values a growth mindset, so be prepared to talk about challenges you've faced and how you've turned setbacks into learning experiences. Share stories that reflect your resilience and adaptability, showing that you're not just looking for success but are also eager to learn and grow.
