Director of Insurance Products

SUMMARY:
Empower Insurance Innovation | Director of Insurance Products:

We are partnering with a leading Pan-African bank in Kenya to recruit a seasoned and visionary Director of Insurance Products to lead the strategic development and management of the bank’s insurance product portfolio.
The ideal candidate will drive product innovation, ensure compliance with regulatory standards, and strengthen the competitiveness of the organization’s insurance offerings in the market.

POSITION INFO:
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.

• 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.

• 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.

• 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.

• 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.

• Lead and mentor the insurance product team to foster innovation and continuous improvement.
• Encourage collaboration, knowledge sharing, and professional development within the team.

• Bachelor's degree in Business, Insurance, Finance, or a related field; a Master's degree is an advantage.
• Professional certifications in insurance (e.g., ACII, CPCU) are highly desirable.
• Minimum of 10+ years of experience in insurance product development, with at least 5 years in a leadership role.
• Strong understanding of insurance market dynamics, regulatory requirements, and risk management principles.
• Proven track record of developing and launching successful insurance products.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Strong leadership and communication abilities, with experience working cross-functionally.