Head of Product Development

  • Company:Raffles Health Insurance
  • Department:Product Development
  • Function:Insurance
  • Location:Singapore
  • Date posted:November 2, 2020

Job Responsibilities

  • Drive end-to-end product development cycle from product conceptualisation and development to implementation and monitoring.
  • Engage relevant stakeholders such as Distribution/ Marketing/ etc to develop innovative product ideas and meaningful product propositions and solutions.
  • Conduct and provide market and competitor analysis on product.
  • Manage projects related to changes due to new regulations/ parent requirements.
  • Perform regular rate and product reviews, work closely with Actuarial, Field, Claims and Underwriting.
  • Prepare documentation needed to support product/ funds development and implementation such as product specifications/ policy contracts/ policy illustration/ product summary/ product approval templates/ etc.
  • Work and co-ordinate with other stakeholders internally to resolve issues arising during development/ implementation of the product/ project.
  • Provide ongoing product-related support to Distribution channels, Engage Distribution channels to gather feedback.

Job Requirements

  • Recognised degree in Business or Insurance/ Actuarial discipline with minimum 8 years of experience.
  • Experience in product lines such as life product or health product will be an advantage.
  • Strong analytical skills, attention to details, resourceful and team player.
  • Self-motivated and well-organised individual to be able to manage full product development and approval cycle independently with support from other teams.
  • Creative and customer-centric. Good communication and writing skills in both English and Chinese.

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