Director of Insurance Products

SUMMARY:
Shape the Future of Banking | Director of Insurance Products.

POSITION INFO:
Our client, a leading Pan-African bank in Kenya, is seeking an experienced Director of Insurance Products to oversee the strategic development, implementation, and management of the company’s insurance product portfolio. The ideal candidate will drive innovation, ensure regulatory compliance, and enhance the competitiveness of the organization's insurance offerings.

What You’ll Be Driving:

• Product Strategy & Development:
  • Develop and execute the overall insurance product strategy in alignment with the company's goals.
  • Identify market opportunities and create innovative insurance products to meet customer needs.
  • Collaborate with cross-functional teams to ensure successful product development and launch.
  • Continuously evaluate product performance and make data-driven recommendations for improvement.
• Regulatory Compliance:
  • Ensure all insurance products comply with regulatory requirements and industry standards.
  • Stay abreast of changes in regulations and adjust product offerings accordingly.
  • Liaise with regulatory bodies to ensure compliance and maintain strong relationships.
• Market Analysis & Competitive Positioning:
  • Conduct market research to identify industry trends, customer preferences, and competitive landscape.
  • Develop pricing strategies that balance profitability and market competitiveness.
  • Work closely with the sales and marketing teams to position products effectively.
• Stakeholder Management:
  • Collaborate with internal teams, external partners, and key stakeholders to align product objectives with business goals.
  • Provide insights and recommendations to senior management based on market analysis and product performance.
• Operational Efficiency:
  • Oversee the entire product lifecycle, ensuring operational excellence and efficient processes.
  • Develop and implement policies, guidelines, and frameworks to streamline product management.
  • Utilize data analytics to monitor key performance indicators and drive product enhancements.
• Team Leadership:
  • Lead and mentor the insurance product team to foster innovation and continuous improvement.
  • Encourage collaboration, knowledge sharing, and professional development within the team.