Product Development Executive

Key Responsibilities • Participate in the end-to-end product development cycle for group and individual health insurance products, including new product development and enhancement of existing products. • Support the development and review of medical reimbursement, hospitalisation, surgical and other health insurance benefits and product features. • Perform pricing and profitability analysis, including assumption setting, financial modelling and assessment of product sustainability. • Conduct market and competitor analysis to identify product trends, customer needs and opportunities for product enhancement. • Prepare and coordinate product filings and regulatory submissions, ensuring compliance with relevant regulatory requirements and internal guidelines. • Develop and review product specifications, benefit schedules, policy documentation, benefit illustrations and other product materials. • Work closely with Actuarial, Underwriting, Claims, Operations, Compliance, Distribution and IT teams on product implementation and system setup. • Conduct product reviews and experience studies, including claims and utilisation analysis, to monitor product performance and recommend improvements. • Support enhancements to existing health insurance products based on market developments, claims experience and business requirements. • Prepare management reports, product analysis and recommendations to support business and strategic decision-making. Requirements • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Business, Finance, Economics or a related discipline. • 2–5 years of relevant experience in product development, product management or actuarial/product roles within the insurance industry. • Prior experience in health insurance, medical reimbursement, hospitalisation and surgical, group medical or related healthcare insurance products is strongly preferred. • Candidates with actuarial experience and good progress in professional actuarial examinations will have an advantage. • Good understanding of insurance product development, pricing, benefits, policy provisions and regulatory requirements. • Strong analytical and problem-solving skills with high attention to detail. • Self-motivated, proactive and able to work independently as well as within a team. • Good communication and stakeholder management skills. • Proficient in MS Office applications, particularly Excel; knowledge of actuarial modelling tools will be an added advantage. Kindly note that only shortlisted candidates will be contacted.