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Product & Proposition Manager - Health Insurance (this is not a tech product role)
Our client is an innovative Health Insurance business. They are hiring a Product and Proposition Manager to influence and shape the company's proposition strategy.
You will be instrumental in defining and creating unique value propositions for innovative insurance products.
Reporting to the Chief Commercial Officer, the Product & Proposition Manager will collaborate with senior colleagues in digital product and experience, marketing, commercial, operations, and sales.
Key Responsibilities:
* Collaborate with the CCO to develop and implement a product strategy aligned with business objectives.
* Define and execute product positioning and messaging strategies to differentiate offerings in the market.
* Work with cross-functional teams, including underwriters, actuaries, and technology experts, to create innovative insurance products.
* Oversee the product development process from concept to launch, ensuring product viability and profitability.
* Oversee the existing suite of products, reviewing benefits and maintaining principles of simplicity.
* Manage product architecture to ensure the portfolio aligns with the overall strategy.
* Conduct market research to identify customer needs, trends, and competitor offerings, informing value proposition development.
* Develop and refine unique value propositions for insurance products, highlighting competitive advantages and addressing customer pain points.
* Identify innovative benefits and suppliers for potential inclusion in product design.
* Analyse the insurance market to identify gaps and opportunities for new product offerings.
* Stay informed about regulatory changes and emerging trends impacting product development and value propositions.
* Benchmark global insurance product and proposition offerings to ensure the company remains ahead of industry trends.
* Monitor competitor product and proposition development strategies.
* Produce and manage all necessary product documentation to support the acquisition and retention of customers in a compliant manner.
* Track product performance KPIs and recommend corrective actions based on data and insights.
Here’s what we’re looking for:
* At least 5+ years’ experience in a product or proposition management role.
* Experience working in health insurance is preferred.
* Bachelor's degree in Business or a related field.
* Proven track record of successfully launching and managing service products & propositions.
* Strong analytical skills and ability to gather insights from data and market research.
* Creative problem-solving and critical thinking abilities.
* Excellent written and verbal communication skills.
* Passion for innovation and a desire to disrupt the traditional insurance market.
* Ability to work collaboratively in a cross-functional team.
* Comfortable with ambiguity and the ability to pivot quickly when necessary.
* Demonstrated ability to adapt in an innovative and fast-paced environment.
* Willingness to roll up your sleeves when work needs to get done.
* Experience working in an agile environment.
* Excellent interpersonal skills.
Seniority level
Director
Employment type
Full-time
Job function
Health Care Provider, General Business, and Consulting
Industries
Insurance and Health and Human Services
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