Chief Manager - Product Development - General Insurance

Chief Manager - Product Development

For a Leading General Insurance Client:

1. Responsibility:

- Product ideation - Championing new product ideation (either by self or in consultation with senior management), incubate such ideas and develop into an insurance product design.

- Designing specific insurance solution - Designing or Evaluating specific insurance solutions to an intermediary / group's requirements and ability to convert to an insurance design.

- Product development - Incubate the product development in coordination with multiple stakeholders from sales, underwriting, actuarial, IT and trainers.

- Coordination with senior marketing members to understand the objective of the specific solutions and suitably ensure that the product development ensures meeting such objectives.

- Specific focus on Digital Channel solutions - specifically expected to evolve product designs that aims to simplify, sachet, embed, reduce the time to market and meet marketing objectives.

- Develop specific contract wordings, terms and conditions.

- Coordinate with PMC for UIN and approval.

- Ensuring IT development is fully capturing the product specifications as envisaged.

- Early Launch analysis of recently launched products to understand the success of the launch.

- In coordination with Actuarial team, to review product performance and come up suitable modifications, re-fitment to keep the products relevant.

- Recruit, train and motivate further product development professionals as per the needs of the organization.

2. Experience and Qualification:

- Background Education - Top tier MBA

- Experience - 5 -8 years of experience in General / Health Insurance or Life Insurance product development or underwriting.

- Candidates are expected to have good communication skills, good product drafting skills, good presentation skills.

- Understanding of GI Insurance market, regulatory knowledge and digital marketing strategies.

- An awareness of product level risk management and application of the same for the product development area is preferred.