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(Shield) Health Product Development Manager from a Direct Insurer
Singapore

Full job description

Job Description
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.

Looking for candidates who:
  • Has strong health experience and is able to front conversations with regulators
  • Is familiar with the latest MOH changes and able to solve problems by coming up with changes/modifications for plans
  • Is able to innovate and differentiate health products (such as medishield) from what the market has to offer while meeting the profit criteria and risk profile

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

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