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- Tasks: Lead product development for Health & Protection Insurance, driving innovation and market insights.
- Company: Dynamic insurance company focused on health and protection products.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Shape the future of health insurance while collaborating with diverse teams.
- Qualifications: Degree and 7-10 years in insurance, especially in health product development.
- Other info: Fast-paced environment with a focus on market trends and stakeholder collaboration.
The predicted salary is between 36000 - 60000 £ per year.
Supports the Product Lead in the end-to-end product development process including actively reviewing the Health and Protections Product, providing recommendations on enhancement, withdrawal or development of new products.
Key Responsibilities:
- Conducts market research on new product developments and prepares analysis to provide insights on market.
- Monitors market developments and identifies trends, differentiating product proposition and competitive comparisons to drive and support new product development and related initiatives.
- Manages and conducts focus groups with distribution/customers to test out new product ideas or get feedback on existing products.
- Responsible for drafting and updating product specifications and preparing the product presentation for Life and Health Executive Committee's evaluation and approval.
- Collaborates with key stakeholders from the product implementation workgroup (e.g. distribution, operations, actuarial and product marketing) to channel inputs into the product proposition, manage deliverables and resolve implementation issues.
- Responsible for drafting of new product launch training slides, drafting/updating of product related materials (such as product summaries and product factsheet) as well as reviewing of product/fund materials, policy contract and FAQs.
- Responsible for the communication and drafting of product launch announcements.
- Responsible for any post product launch monitoring.
- Manages and coordinates on regulatory developments and requirements related to product development.
- Supports the Product Lead in the product review/performance and marketing initiatives such as campaigns and reviewing of materials, providing inputs, etc.
Qualifications:
- Degree in any field.
- 7 to 10 years in the insurance industry with experience in Health and protection product development/pricing, exposure to proposition development and project implementation.
- Good experience and knowledge in Singapore health products and regulations and the latest developments.
- Individuals with strong insurance development/business experience will also be considered.
- Good knowledge of life and health products.
- Insurance qualifications would be advantageous.
- Analytical, detailed, results driven and comfortable to work with tight timelines.
- Good knowledge of market trends and business oriented.
- Good communicator and able to work with multiple stakeholders.
Senior/Product Development Manager (Health & Protection Insurance) in London employer: INCOME INSURANCE LIMITED
Contact Detail:
INCOME INSURANCE LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior/Product Development Manager (Health & Protection Insurance) in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts and attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its products. We want to see you shine, so practice answering common questions and think about how your experience aligns with their needs.
✨Tip Number 3
Showcase your expertise! Bring along examples of your past work or case studies that highlight your skills in product development. We love seeing tangible proof of what you can do!
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm and keeps you fresh in their minds. And remember, apply through our website for the best chance!
We think you need these skills to ace Senior/Product Development Manager (Health & Protection Insurance) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior/Product Development Manager role. Highlight your experience in health and protection product development, and don’t forget to showcase any relevant market research or analytical skills you've got!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific projects or achievements that relate to the job description, especially those involving collaboration with stakeholders.
Showcase Your Analytical Skills: Since this role involves a lot of analysis and market research, make sure to highlight your analytical skills in your application. Share examples of how you've used data to drive product development or improve existing offerings.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at INCOME INSURANCE LIMITED
✨Know Your Products Inside Out
Make sure you have a solid understanding of the health and protection insurance products relevant to the role. Familiarise yourself with recent market trends, competitor offerings, and any regulatory changes. This will not only help you answer questions confidently but also show your genuine interest in the field.
✨Prepare for Scenario-Based Questions
Expect to be asked about how you would handle specific situations related to product development and stakeholder management. Think of examples from your past experience where you've successfully navigated challenges or implemented new ideas. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Engage with Stakeholder Perspectives
Since collaboration is key in this role, be ready to discuss how you’ve worked with various stakeholders in previous positions. Highlight your communication skills and how you’ve managed to channel inputs effectively into product propositions. This will demonstrate your ability to work well in a team-oriented environment.
✨Showcase Your Analytical Skills
Given the analytical nature of the role, prepare to discuss how you approach market research and data analysis. Bring examples of how your insights have led to successful product enhancements or launches. This will illustrate your results-driven mindset and your capability to thrive under tight timelines.
