Supports the Product Lead in the end-to-end product development process including actively reviewing the life and health products, providing recommendations on enhancement, withdrawal or development of new products.
Key Responsibilities:
- Conducts market research on new product developments and prepare analysis to provide insights on market
- Monitor market developments and identify trends, differentiating product proposition and competitive comparisons to drive and support new product development and related initiatives.
- Manage and conduct 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 prepare the product presentation for Life and Health Executive Committee’s evaluation and approval.
- Collaborate 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 on the communication and drafting of product launch announcements.
- Responsible on any post product launch monitoring.
- Manage and coordinate 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 life and health 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 is comfortable to work with tight timelines
- Good knowledge of market trends and business oriented
- Good communicator and able to work with multiple stakeholders
