Product Head - Insurance

Looking for Product Head - Insurance

Location Mumbai

To develop and execute a Product Strategy and all Product/ Proposition Development & Technical activities necessary for a coherent market leading presence that supports the achievement of distribution reach/ profit and growth objectives.

(Basically he has to get Insurance distribution license for the company and launch the product here. Yetourclientdoesnot have Insurance Business at the moment)

Purpose:

To develop and execute Insurance Product Strategy and all Product/ Proposition Development & Technical activities necessary for a coherent market leading presence that supports the achievement of distribution reach/ profit and growth objectives. To support customer outcomes throughout the life of the product through outstanding product governance and management controls.

Principal Accountabilities:

- In conjunction channel sales management, develop Product Proposition Strategy and plans (to include approved budgetary requirements) to support each of the distribution channels, providing for sufficient flexibility in application to respond to changing demands and needs.

- Make compelling the broad range of propositional points we have across the businesses so that it aids growth, improves profitability and fits into the agreed strategy for Insurance

- Own, develop and lead all aspects of market research (including competitor activity), analysis and broader recommendations around outcomes and findings to support decisions on future strategy and plans

- Ensure Insurance products/ propositions are launched and maintained in line with the Product Development Model and Product Risk Reviews so that the needs and expectations of the customers are met and in line with Customer Experience and Treating Customers Fairly Policy

- Coordinate the functions, management and staff across the Insurance business to form a coherent single Product function focused on supporting the business in the delivery of its business objectives.

- To ensure that changes to products, literature, systems and processes meet regulatory, statutory and professional requirements whilst maintaining operational and product integrity.

- Build relationships with senior stakeholders around the business in such areas as Compliance, Distribution and ensure that best practice is shared with equivalent Product Directors in other Business Units.

- Develop and manage high performing, effective product development and technical functions to deliver;

- Strong product controls

- Clear customer focused literature and documents

- Outstanding Product governance, management and development (including Product technical approval and support)

- Product Thought-leadership for digital and new platforms for the future delivery of products to customers and channels

- Sales channel support

Knowledge / Experience:

- Very strong knowledge of Insurance Products

- Proven track record of delivering Product development and profitable growth

- Experience of delivering high quality (board level) presentations, reports and plans

- Clear experience and understanding of regulation and governance

- An experienced Product professional with demonstrable expertise across a wide range of the sub functions

- Very strong knowledge of marketing techniques in the areas for which responsible.

- Leadership

- Exceptional networking, influencing and relationship management skills

- Strong business acumen, commercial awareness

- Budget Management & Optimisation

- Leadership & People management skills across multi-site matrixed business

- Broad Strategic thinking skills.

- Customer focus